美国原油周一跌逾2%，投资者权衡沙特阿拉伯能源基础设施面临进一步袭击的威胁，以及高油价最终可能侵蚀需求的担忧。
U.S. crude oil fell over 2% on Monday as investors weighed the threat of further attacks on Saudi Arabian energy infrastructure against concerns that elevated prices could eventually erode demand.
美国西德克萨斯中质油（WTI）期货下跌2.19%，报每桶101美元；布伦特原油期货下跌1.89%，报每桶114.51美元。
U.S. West Texas Intermediate futures slid 2.19% to $101 a barrel, while Brent crude futures declined 1.89% to $114.51 a barrel.
此前周五，也门胡塞武装袭击沙特阿拉伯，重燃全球能源供应中断担忧，油价大幅反弹，随后出现回落。
The pullback followed a sharp rally on Friday after attacks by Yemen's Houthi militants on Saudi Arabia reignited fears of disruptions to global energy supplies.
周末局势依然紧张，胡塞武装称周六袭击了沙特首都利雅得的主要机场和石油设施。沙特当局周日表示，已拦截更多导弹和无人机。
Tensions remained elevated over the weekend as the Houthis said they had targeted Saudi Arabia's main airport in Riyadh and oil facilities on Saturday. Saudi authorities said Sunday that they had intercepted additional missiles and drones.
尽管早前的袭击造成损毁，沙特周日仍部分恢复了主要机场运营，与此同时胡塞武装威胁将发动更多袭击。
The kingdom partially resumed operations at its main airport on Sunday despite damage from earlier attacks, even as the Houthis threatened further strikes.
持续的敌对行动加剧了对沙特能源基础设施脆弱性的担忧，交易员越来越关注生产、炼油或出口设施遭受重大中断的风险。
The continued hostilities have heightened concerns about the vulnerability of Saudi Arabia's energy infrastructure, with traders increasingly focused on the risk of a major disruption to production, refining or export facilities.
Gallo Partners首席投资官Michael Alfaro在接受CNBC采访时估计，地缘政治不确定性已为油价增加了约每桶20美元。
Speaking to CNBC, Michael Alfaro, chief investment officer at Gallo Partners, estimated that geopolitical uncertainty had already added roughly $20 a barrel to oil prices.
他说：“我认为我们目前处于的主题是不确定性极高，如果你考虑一下目前烘焙在油价中的风险溢价，大约是每桶20美元。”Michael Alfaro Gallo Partners首席投资官 他补充称，如果沙特东西向管道或更多炼油基础设施遭受重大打击，油价可能大幅上涨，但进一步上涨最终可能会削弱消费。
I think the theme we're in right now is that uncertainty is off the charts, and if you think about the risk premium that's baked into oil right now, it's about $20 a barrel. Michael AlfaroChief Investment Officer, Gallo Partners A substantial strike on Saudi Arabia's East-West pipeline or additional refining infrastructure could send prices sharply higher, he added, but further gains could eventually undermine consumption.
Alfaro表示：“如果布伦特原油突破每桶120、130、140美元，我们很可能会看到更多的需求破坏。”
"What we would likely see if oil pushed above 120, 130, 140 dollars a barrel for Brent, that is, you're going to see more demand destruction," Alfaro said.
除了对原油供应的直接威胁之外，炼油基础设施受损可能给全球能源市场带来更持久的挑战。
Beyond the immediate threat to crude supplies, damage to refining infrastructure could pose a more persistent challenge to global energy markets.
“真正的挑战在于炼油产能，”他说，并警告称，这些中断可能演变成一个延续至2027年及以后的长期结构性问题。
"The real challenge is refining capacity," he said, warning that the disruptions could develop into a longer-term structural problem extending into 2027 and beyond.
与此同时，据两国能源部长透露，沙特阿拉伯计划从2027年下半年起开始在新加坡储存原油，此举旨在增强其面向亚洲供应链的韧性。
Meanwhile, Saudi Arabia plans to begin storing crude oil in Singapore from the second half of 2027, according to energy ministers from both countries, in a move aimed at strengthening the resilience of its Asian supply chain.
在美国方面，能源部周五授权从战略石油储备中释放最多40万桶原油，以应对路易斯安那州一家炼油厂的供应中断。
In the U.S., the Energy Department on Friday authorized the release of up to 400,000 barrels from the Strategic Petroleum Reserve to address a supply disruption at a Louisiana refinery.
尽管如此，美国生产商提供额外供应的前景仍不确定，企业因油价波动和地缘政治风险而不愿承诺大规模新投资。
Still, the prospect of additional supply from American producers remains uncertain, with companies reluctant to commit to major new investments amid volatile prices and geopolitical risks.
阿尔法罗补充说，美国生产商正在增加一些钻机，但对于大幅增加资本支出仍保持谨慎。
Alfaro added that U.S. producers were adding some drilling rigs, but remained cautious about substantially increasing capital expenditure.
“我们并没有真正看到为投入新钻机或使新产能上线而大幅增加资本支出的情况，”他说。
"We're not really seeing major capex additions to bring new rigs on or bring new production online," he said.