{"id":45887,"date":"2026-04-24T14:56:21","date_gmt":"2026-04-24T14:56:21","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/45887\/"},"modified":"2026-04-24T14:56:21","modified_gmt":"2026-04-24T14:56:21","slug":"bny-%e7%9a%84-bob-savage-%e8%a1%a8%e7%a4%ba%e4%bc%8a%e6%9c%97%e8%a1%9d%e7%aa%81%e6%8e%a8%e5%8d%87%e5%b8%83%e8%98%ad%e7%89%b9%e6%b2%b9%e5%83%b9%ef%bc%8ciea-%e9%a0%90%e6%9c%9f%e5%85%a8%e7%90%83%e5%a4%a9","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/45887\/","title":{"rendered":"BNY \u7684 Bob Savage \u8868\u793a\u4f0a\u6717\u885d\u7a81\u63a8\u5347\u5e03\u862d\u7279\u6cb9\u50f9\uff0cIEA \u9810\u671f\u5168\u7403\u5929\u7136\u6c23\u5e02\u5834\u7dca\u5f35\u5c07\u6301\u7e8c\u5169\u5e74"},"content":{"rendered":"<p>\u6cb9\u50f9\u4e0a\u5347\uff0c\u5e03\u862d\u7279\u539f\u6cb9\u56e0\u4f0a\u6717\u6230\u4e8b\u64fe\u4e82\u80fd\u6e90\u4f9b\u61c9\u800c\u8d70\u9ad8\u3002\u6cb9\u6c23\u5e02\u5834\u88ab\u7528\u4f5c\u89c0\u5bdf\u6574\u9ad4\u5e02\u5834\u72c0\u6cc1\u7684\u6307\u6a19\uff08\u5373\u7528\u80fd\u6e90\u50f9\u683c\u8b8a\u5316\u4f86\u63a8\u65b7\u5176\u4ed6\u8cc7\u7522\u7684\u98a8\u96aa\u60c5\u7dd2\u8207\u8cc7\u91d1\u6d41\u5411\uff09\u3002<\/p>\n<p>\u570b\u969b\u80fd\u6e90\u7f72\uff08IEA\uff0c\u5c6c\u653f\u5e9c\u9593\u7d44\u7e54\uff0c\u8ca0\u8cac\u76e3\u6e2c\u8207\u5206\u6790\u80fd\u6e90\u5e02\u5834\uff09\u8868\u793a\uff0c\u5168\u7403\u5929\u7136\u6c23\u5e02\u5834\u9810\u8a08\u81f3\u5c11\u518d\u7dca\u5f35\u5169\u5e74\u3002\u300c\u5e02\u5834\u7dca\u5f35\u300d\u6307\u4f9b\u61c9\u504f\u5c11\u3001\u5eab\u5b58\u4e0d\u9ad8\uff0c\u50f9\u683c\u5bb9\u6613\u88ab\u63a8\u5347\u3002\u6230\u4e8b\u540c\u6642\u4ee4\u539f\u672c\u9810\u671f\u7684\u6db2\u5316\u5929\u7136\u6c23\uff08LNG\uff0c\u628a\u5929\u7136\u6c23\u51b7\u537b\u6210\u6db2\u9ad4\u4ee5\u4fbf\u6d77\u904b\uff09\u64f4\u7522\u8a08\u5283\u5ef6\u5f8c\u3002<\/p>\n<h3>Supply Disruptions And Market 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Positioning<\/h3>\n<p>\u5929\u7136\u6c23\u5f62\u52e2\u66f4\u56b4\u5cfb\uff0c\u5c24\u5176\u5361\u5854\u723eLNG\u8a2d\u65bd\u53d7\u640d\u3002\u6b50\u6d32TTF\u50f9\u683c\u5347\u81f3\u6bcf\u767e\u842c\u82f1\u71b1\u55ae\u4f4d\uff08MMBtu\uff0c\u5929\u7136\u6c23\u5e38\u7528\u8a08\u50f9\u71b1\u91cf\u55ae\u4f4d\uff0935\u7f8e\u5143\u4ee5\u4e0a\uff1b\u76f8\u5c0d\u7f8e\u570bHenry Hub\uff08\u7f8e\u570b\u5929\u7136\u6c23\u57fa\u6e96\u50f9\u683c\uff09\u4ecd\u6709\u6975\u95ca\u5dee\u8ddd\uff0c\u53cd\u6620\u5e02\u5834\u6025\u65bc\u5c0b\u627e\u4e0d\u53d7\u6230\u4e8b\u5f71\u97ff\u7684\u4f9b\u61c9\u4f86\u6e90\u3002\u539f\u672c\u671f\u671b\u7f8e\u570b\u65b0\u51fa\u53e3\u78bc\u982d\u5e36\u4f86\u4f9b\u61c9\u589e\u52a0\u7684\u300c\u7d13\u7de9\u300d\u73fe\u63a8\u9072\uff0c\u5e02\u5834\u53ef\u80fd\u81f3\u5c11\u7dca\u5f35\u81f32028\u5e74\u3002<\/p>\n<p>\u80fd\u6e90\u5e02\u5834\u300c\u6ce2\u52d5\u7387\u300d\uff08\u50f9\u683c\u8d77\u4f0f\u5e45\u5ea6\uff09\u9ad8\u4f01\uff0c\u4ee4\u76f4\u63a5\u8cb7\u5165\u671f\u6b0a\u6210\u672c\u5f88\u9ad8\u3002\u53ef\u8003\u616e\u5229\u7528\u9ad8\u6ce2\u52d5\u7684\u7b56\u7565\uff0c\u4f8b\u5982\u5728\u986f\u8457\u56de\u8abf\u6642\u8ce3\u51fa\u300c\u73fe\u91d1\u64d4\u4fdd\u8a8d\u6cbd\u671f\u6b0a\u300d\uff08cash-secured put\uff1a\u8ce3\u51faput\u4e26\u9810\u7559\u73fe\u91d1\u627f\u63a5\uff1b\u6536\u53d6\u671f\u6b0a\u91d1\uff0c\u4f46\u82e5\u88ab\u884c\u4f7f\u9700\u6309\u884c\u4f7f\u50f9\u8cb7\u5165\uff09\uff0c\u6216\u7528\u300c\u5782\u76f4\u50f9\u5dee\u300d\uff08vertical spread\uff1a\u540c\u5230\u671f\u3001\u4e0d\u540c\u5c65\u7d04\u50f9\u7684\u671f\u6b0a\u7d44\u5408\uff09\u964d\u4f4e\u770b\u597d\u5009\u4f4d\u7684\u5165\u5834\u6210\u672c\u3002\u8fd1\u6708\u5408\u7d04\u7684\u300c\u96b1\u542b\u6ce2\u52d5\u7387\u300d\uff08implied 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futures\uff1a\u76f4\u63a5\u8cb7\u5165\u671f\u8ca8\u62bc\u6ce8\u4e0a\u5347\uff09\u66f4\u5177\u98a8\u96aa\uff0c\u82e5\u7121\u6e05\u6670\u300c\u6b62\u8755\u300d\uff08stop-loss\uff1a\u9810\u8a2d\u8667\u640d\u4e0a\u9650\u7684\u5e73\u5009\u9ede\uff09\u4e0d\u5b9c\u904e\u5ea6\u9032\u53d6\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4f0a\u6717\u885d\u7a81\u5347\u6eab\uff0cBNY Bob Savage \u6307\u5e03\u862d\u7279\u6cb9\u50f9\u53d7\u63a8\uff1bIEA 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