According to the National Development and Reform Commission, a new round of refined oil price adjustment window will open at 24:00 on June 28. According to monitoring by the Price Monitoring Center of the National Development and Reform Commission, international oil prices fluctu

According to the National Development and Reform Commission, a new round of refined oil price adjustment window will open at 24:00 on June 28. According to monitoring by the Price Monitoring Center of the National Development and Reform Commission, international oil prices fluctuated downward during this round of refined oil price adjustment cycle (June 14-June 27), with the average oil prices of London Brent and New York WTI falling by 5.64% compared with the previous round of price adjustment cycle.

CCTV financial reporters learned from the National Development and Reform Commission that the details of this oil price adjustment are as follows: Domestic gasoline and diesel prices dropped by 320 yuan and 310 yuan per ton respectively.

On a national average: No. 92 gasoline will be reduced by 0.25 yuan per liter; No. 95 gasoline will be reduced by 0.27 yuan per liter; No. 0 diesel will be reduced by 0.26 yuan per liter. CCTV's financial reporter has done some calculations for you. Based on the estimated 50L capacity of a typical household car fuel tank, filling up a full tank of No. 92 gasoline will cost you 12.5 yuan less.

During the price adjustment cycle, demand concerns, the Federal Reserve aggressive interest rate hikes and other factors pushed international oil prices down from high levels. First, the market is increasingly worried about economic recession and the consequent suppression of demand. U.S. President Biden said that the U.S. economic recession is "not inevitable." Second, many countries in Europe and the United States have successively raised interest rates, especially the aggressive interest rate hikes by the Federal Reserve, which has triggered a general decline in the price of commodities recently. In addition, the U.S. government is trying to require U.S. shale oil companies to significantly increase production, and through the media, it hopes that oil companies will take measures to reduce oil prices, which also adds to the downward pressure on crude oil prices. From a later perspective, crude oil price trends still face many uncertainties.

On the one hand, the market is still worried about the global economic recession. At the same time, the current international oil price is at a high level, and the inhibitory effect on demand will gradually be reflected. On the other hand, the current capacity of OPEC countries to increase production is limited. At present, except for Saudi Arabia, Iraq and Kuwait, which can further increase production, most member countries have basically reached their limit in oil production. It will still take time to lift sanctions on Iran and release Venezuela's crude oil production capacity. Recently, the G7 meeting plans to impose more sanctions on Russia, which will have an important impact on the future supply of the global crude oil market. In the latter part of this price adjustment cycle, international oil prices have rebounded. International oil prices are likely to remain at a high level in the short term.

(Nan Guo Jin Bao)