2019年原油期貨投資策略油價(jià)弱勢(shì)震蕩，關(guān)注二季度上揚(yáng)機(jī)會(huì)

1、目錄目錄一、2018年行情回顧........................................................................11.12018年國(guó)際油價(jià)走勢(shì).................................................................11.2影響全年油價(jià)大事件回顧......................................

2、.......................21.2.1歐佩克的減產(chǎn)與增產(chǎn)................................................................21.2.2美國(guó)對(duì)伊朗制裁....................................................................21.2.3美國(guó)國(guó)會(huì)中期選舉落地.....................

3、.........................................31.2.4委內(nèi)瑞拉石油產(chǎn)量快速下滑..........................................................3二、原油價(jià)格影響因素分析..................................................................42.1宏觀方面................

4、...........................................................42.1.1全球經(jīng)濟(jì)復(fù)蘇態(tài)勢(shì)減緩..............................................................42.1.2中國(guó)經(jīng)濟(jì)“前高后低”..............................................................52.2供

5、需基本面分析.....................................................................62.2.1美國(guó)原油產(chǎn)量創(chuàng)紀(jì)錄新高............................................................62.2.2全球石油庫(kù)存積累......................................................

6、............82.2.3沙特的增產(chǎn)與減產(chǎn)..................................................................92.2.4俄羅斯態(tài)度的不確定性.............................................................112.2.5全球石油需求增產(chǎn)放緩..................................

7、...........................122.2.6非商業(yè)持倉(cāng)的風(fēng)向指引.............................................................13三、中國(guó)石油供需行情分析.................................................................143.1聚焦“中國(guó)版”原油期貨....................

8、........................................143.2中國(guó)原油供需格局..................................................................163.3中國(guó)主營(yíng)及地方煉廠開工............................................................183.4中國(guó)原油及成品油庫(kù)存..........

9、....................................................18四、2019年行情展望.......................................................................194.12019年全球石油供需格局預(yù)測(cè)........................................................194.2201

10、9年國(guó)際油價(jià)走勢(shì)分析............................................................20附：五、聚焦“浴火重生”的中國(guó)燃料油期貨.................................................225.1上海380CST期貨成交活躍..........................................................23

11、5.2新加坡燃料油供需格局..............................................................245.3IMO2020限硫令下的燃料油市場(chǎng)發(fā)展.................................................265.42019年投資邏輯..........................................................