2026 年 2 月布伦特原油期货均价为 69.4 美元/桶，环比上涨 4.7 美元/ 桶，月末收于 72.5 美元/桶；WTI 原油期货均价 64.4 美元/桶，环比上涨 4.2 美元/桶，月末收于 67.3 美元/桶。2 月上旬，美伊重启核谈判，叠加哈萨克斯坦油田及美国原油产量逐步恢复，但随后原定谈判取消，地缘风险溢价快速回归，市场在谈判消息与冲突预期之间反复博弈，国 际油价区间震荡；2 月中下旬，IEA 下调全球石油需求预测，引发供应 过剩担忧，油价大幅下探后低位整理；此后美国向伊朗附近海域增兵、伊朗举行军演，叠加美国原油库存显著下降，油价再度大幅上行；2 月底，美国、以色列袭击伊朗，伊朗最高领袖哈梅内伊被袭击身亡，伊朗暂时封锁霍尔木兹海峡，油价宽幅上涨。

多因素托底，支撑油价修复。全球经济温和复苏为原油需求提供坚实支撑，美元流动性边际宽松利好油价估值修复。全球主要产油国主动控量导致供给弹性受限，推动市场处于紧平衡格局，叠加地缘局势等因素影响共同托底油价，有望中期维持偏强运行趋势。

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A casing spool is an equipment that is used in oil and gas well drilling and completion processes. A casing spool is a wellhead or blow-out preventer component that is used to control the wellhead pressure and to support and seal the upper part of the casing string.

Upstream oil and gas operations and production aid in the discovery of deposits, drilling of wells, and the extraction of raw materials from the ground. Companies that extract or produce raw materials oversee upstream oil and gas production. Drilling, exploration, well interferences, well completion, abandonment, and production are all examples of upstream operations that employ oil and gas equipment.

Oil condition monitoring (OCM) is a predictive maintenance technique used to assess the health and performance of machinery by analyzing lubricant properties. It helps detect contaminants, wear particles, and oil degradation in engines, turbines, hydraulic systems, and industrial equipment. By providing real-time insights, OCM enables industries such as automotive, aerospace, oil and gas, power generation, and manufacturing to optimize maintenance schedules, prevent unexpected failures, and extend equipment lifespan.