地缘风险推动油价反弹 强现实弱预期下关注油价底部支撑

工银瑞信基金
Nov 19, 2025

点击即可收听全部内容近期地缘风险趋于上行推动油价反弹。占全球原油供应2%的俄罗斯新罗西斯克港日前因遇袭暂停两天,导致市场日供应量减少约220万桶。此外,美国针对俄罗斯石油的制裁将于11月21日生效,一些主要买家因担忧即将实施的制裁影响供应链稳定,已暂停部分采购计划。与此同时,供给端增产始终压制市场预期。近期OPEC+决定12月继续小幅增产,并在季节性相对偏弱的2026年一季度暂停增产,显示其对油价...

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