Overview of Important Developments on the Evening of February 19

The UK Maritime Trade Operations office announced on Sunday that four attacks occurred in the Strait of Hormuz between October 1 and 4. All incidents took place on the Omani side of the strait, with each vessel hit by unidentified projectiles. The Strait of Hormuz, as one of the world's most vital oil transit routes, handles nearly one-third of the world's seaborne crude oil trade. Attacks in this area often have a direct impact on the stability of international energy markets. So far, no party has claimed responsibility for these attacks, and the subsequent developments remain to be observed.

U.S. Secretary of Energy, Wright: Energy supplies shipped through the Strait of Hormuz continue to increase.

Kyiv has revealed that Ukraine and Germany have recently held consultations on two major areas of cooperation: first, to supply liquefied natural gas to Ukraine using German infrastructure; and second, to attract relevant EU enterprises to participate in the operation and management of Ukraine’s domestic natural gas storage facilities. The advancement of this cooperation initiative will not only help Ukraine further broaden its energy import channels and enhance the stability of its energy supply, but also provide new opportunities for EU enterprises to participate in energy cooperation in Eastern Europe. The progress of specific subsequent cooperation between the two sides has attracted much attention.

According to related disclosures, OPEC+ decided at its Sunday meeting to keep oil production quotas unchanged for November. This decision aligns with OPEC+'s previous market adjustment pace. Subsequently, the alliance of oil-producing countries will dynamically assess future production policy directions based on changes in international crude oil market supply and demand, geopolitical factors, and other variables to ensure the stable operation of the crude oil market.