原文標題： Exclusive: China state oil majors suspend Russian oil buys due to sanctions, sources say 獨家：消息人士稱，中國國有石油巨頭因制裁暫停購買俄羅斯石油 ※請勿刪減原文標題 原文連結： https://tinyurl.com/2jpb92cy ※網址超過一行過長請用縮網址工具 發布時間： 2025.10.23 21:14 ※請以原文網頁/報紙之發布時間為準 記者署名： By Chen Aizhu, Florence Tan and Siyi Liu ※原文無記載者得留空 原文內容： Summary ・US sanctions hit Moscow's two largest oil companies ・India poised to sharply cut Russian oil imports ・Russia faces demand drop from two biggest customers SINGAPORE - Chinese state oil majors have suspended purchases of seaborne Russian oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow's two biggest oil companies, multiple trade sources said on Thursday. The move comes as refiners in India, the largest buyer of seaborne Russian oil, are set to sharply cut their crude imports from Moscow, to comply with the U.S. sanctions imposed over the Kremlin's invasion of Ukraine. A sharp drop in oil demand from Russia's two largest customers will put a strain on Moscow's oil revenues and force the world's top importers to seek alternative supplies and push up global prices. Chinese national oil companies PetroChina (601857.SS), Sinopec, CNOOC and Zhenhua Oil will refrain from dealing in seaborne Russian oil at least in the short-term due to concern over sanctions, the sources said. The four companies did not immediately respond to requests for comment. While China imports roughly 1.4 million barrels of Russian oil per day by sea, most of that is bought by independent refiners, including small operators known as teapots, although estimates of purchases by state refiners vary widely. Vortexa Analytics pegged Russian oil purchases by Chinese state firms at under 250,000 bpd for the first nine months of 2025, while consultancy Energy Aspects put it at 500,000 bpd. Unipec, the trading arm of Sinopec (600028.SS), stopped Russian oil buying last week after Britain designated Rosneft and Lukoil, as well as shadow fleet ships and Chinese entities including a major Chinese refiner, two trade sources said. Rosneft and Lukoil sell most of their oil to China through intermediaries instead of directly dealing with buyers, traders said. Independent refiners, meanwhile, are likely to pause buying to assess the impact of sanctions but would still look to continue Russian oil purchases, several traders said. Prior to Wednesday's sanctions announcement, offers for November-loading ESPO crude slid to a premium of $1 per barrel to ICE Brent, versus previous trades done in early October at a $1.70 premium. China also imports approximately 900,000 bpd of Russian oil by pipeline, all of it going to PetroChina, which several traders said was likely to be little affected by sanctions. India and China are expected to turn to other supplies, pushing up prices for non-sanctioned oil from the Middle East, Africa and Latin America, traders said. 摘要 ・美國制裁打擊莫斯科兩大石油公司 ・印度準備大幅削減俄羅斯石油進口量 ・俄羅斯面臨兩大客戶需求下降 新加坡—多位貿易消息人士週四表示，在美國對莫斯科最大的兩家石油公司俄羅斯石油公司和盧克石油公司實施制裁後，中國國有石油巨頭已暫停購買俄羅斯海運石油。 俄羅斯海運石油的最大買家印度的煉油廠正準備大幅削減從莫斯科的原油進口量，以遵守美國因克里姆林宮入侵烏克蘭而實施的製裁。 俄羅斯兩大客戶石油需求的急劇下降將給莫斯科的石油收入帶來壓力，並迫使世界主要進口國尋求替代供應，從而推高全球油價。 消息人士稱，由於擔心制裁，中國國有石油公司中石油（601857.SS）、中石化、中海油和振華石油至少在短期內將不再從事俄羅斯海運石油交易。 這四家公司沒有立即回應置評請求。 雖然中國每天透過海運進口約 140 萬桶俄羅斯石油，但其中大部分是由獨立煉油廠購買的，其中包括被稱為「茶壺」的小型煉油廠，儘管對國有煉油廠購買量的估計差異很大。 Vortexa Analytics 預計，2025 年前 9 個月中國國有企業從俄羅斯購買的石油數量將低於 25 萬桶/日，而諮詢公司 Energy Aspects 則預計中國國有企業從俄羅斯購買的石油數量為 50 萬桶/日。 兩位貿易消息人士稱，在英國指定俄羅斯石油公司和盧克石油公司以及影子船隊和包括一家中國大型煉油廠在內的中國實體後，中國石化 (600028.SS) 的貿易部門聯合石化上週停止了俄羅斯石油採購。 貿易商表示，俄羅斯石油公司和盧克石油公司的大部分石油都是透過中間商向中國銷售的，而不是直接與買家打交道。 同時，一些交易員表示，獨立煉油商可能會暫停購買以評估制裁的影響，但仍會考慮繼續購買俄羅斯石油。 在周三宣布製裁之前，11 月裝運的 ESPO 原油報價已跌至每桶較 ICE 布蘭特原油溢價 1 美元，而 10 月初的交易則為每桶溢價 1.70 美元。 中國也透過管道每天進口約 90 萬桶俄羅斯石油，全部運往中石油，多位交易員表示，中石油可能不太受制裁影響。 交易商表示，預計印度和中國將轉向其他供應，從而推高中東、非洲和拉丁美洲非制裁石油的價格。 心得/評論： 中國軟了 不再買俄油 看來週末的馬來西亞談判情勢不會再升級 俄烏戰爭或許也將接近結束 ※必需填寫滿30正體中文字，無意義者板規處分 -- ※ 發信站: 批踢踢實業坊(ptt.cc), 來自: 118.166.8.194 (臺灣) ※ 文章網址: https://webptt.cc/bbs/Stock/M.1761226636.A.F7C.html