On October 15th (Tuesday), the International Energy Agency (IEA) announced that Russia's crude oil and refined oil exports increased by 210,000 barrels per day in September, reaching 7.4 million barrels per day. Among them, crude oil exports increased by 370,000 barrels per day to 5.1 million barrels per day; The export of refined oil decreased by 170,000 barrels per day to 2.4 million barrels per day.

Russian crude oil exports increased by 370,000 barrels per day, reaching 5.1 million barrels per day. The significant increase in supply has led to loose supply and demand in the global market, exerting significant downward pressure on crude oil spot and futures prices.

The overall export of refined oil products decreased by 170,000 barrels per day, and the supply of fuel oil, as one of the main refined oil products, decreased, supporting its spot and futures prices; Combined with knowledge base futures data, recent price fluctuations have stabilized, with favorable factors dominating.

An increase in crude oil exports may reduce the production cost of asphalt, but a decrease in refined oil exports indirectly suppresses demand, resulting in a slight bearish effect on spot and futures prices of petroleum asphalt; The futures data in the knowledge base shows a general decline in contracts, confirming the downward trend.

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