The price of refined oil products fell, showing signs of hope, but did it rise sharply?
Today is Monday, July 4, 2022, the sixth day of the country’s 13th round of refined oil price adjustment cycle. At present, the oil market news is generally stable and good, and the stocks of 92 and 95 No. gasoline in domestic gas stations have increased.
However, the editor noticed that there are "regional differences" in petrochemical refined oil products in the north and south, with oil prices rising and falling in different places. Taking North China as an example, the latest quotations from Dongying, Shandong and other places show that Dongying 92 and No. 95 gasoline have been slightly reduced. However, also in Shandong, Binzhou area price limits for refined oil have risen rapidly. Zibo Qingyuan Group Diesel even suspended offers.
Oil Price Breakfast believes that according to the current oil market news analysis, the leading reason is that market participants are full of uncertainty about the prospects of global crude oil supply. The crude oil change rate has gone up and down this week, but overall it still closed up 2.38%. Brent crude oil , it is really inappropriate to shout "oil prices plummet" so early.
It should be noted that in the crude oil-related industry aviation fuel, against the background of the second decline in the price of refined oil products in my country, " presses the gourd and the gourd floats up", which once became a hot search among the people.
Some netizens exclaimed, "I can't afford to drive, and now I can't afford to fly!" As for when the era of high oil prices will end, U.S. President Biden even said bluntly, " Before the Russia-Ukraine conflict ends, the United States' high oil prices will There may be no end in sight for oil prices. "
The international oil price situation is grim, what will happen next
And China's oil prices may have a new pattern. As of now, customs data shows that China imported 8.42 million tons of oil from Russia in May this year, compared with last year. During the same period, it increased by 55%, and Russia surpassed Saudi Arabia to become China's largest crude oil supplier.
In Europe and the United States, as of the second quarter of 2022, the first-month light sweet crude oil futures on the New York Mercantile Exchange had a net increase of US$5.48 per barrel, an increase of 5.46%; the average price per barrel in the second quarter was US$108.50, US$42.328 higher than the same period last year; The settlement price was as high as US$122.11 per barrel and as low as US$94.29 per barrel; during the session, the highest price per barrel was US$123.68 and the lowest was US$92.93.
As the political crisis worsens, Libya may suspend its oil export business. The authorities stated that they may block the export of the Gulf of Sirte within the next three days, which will undoubtedly "make matters worse" for the high oil prices. Sanalla, chairman of the Libyan National Oil Company, said bluntly: "The situation is very serious, the Sirte region has been closed, and some people are trying to demonize the oil sector." Assistant】
