Today is the last day of National Day and will work normally starting tomorrow. As of now, crude oil prices have risen continuously. After the holiday, the adjustment range of oil prices will change overall. It is very likely that this adjustment of oil prices will change the decline and become an increase.
OPEC+ decided to reduce production by 2 million barrels per day, and US crude oil and refined oil inventories fell, and international oil prices rose for three consecutive days. NYMEX crude oil futures 11 contract 87.76 rose 1.24 USD/barrel or 1.43%; ICE Brent Oil futures 12 contract 93.37 rose 1.57 USD/barrel or 1.71%. China's INE crude oil futures are closed due to the National Day holiday.
demand: This week, the production and sales rate of Chinese independent refineries gasoline and diesel both exceeded 100. Both gasoline and diesel sales rose from last week. This week is the last week before the National Day holiday. The midstream and downstream stocks of gasoline and diesel are concentrated, and gasoline and diesel sales have improved significantly, and the production and sales rates of both are over 100. Inventory: The commercial inventory of refined oil and gasoline and diesel fell during this cycle. Specifically, both local refining and social development have fallen, and the main business has risen and diesel has fallen.
Profit: During the week, the crude oil cost of the main refinery was 5,306 yuan/ton, an increase of 70 yuan/ton month-on-month. The prices of major refining products fell, gasoline, diesel, coal, stone brain fell significantly, and the overall product revenue fell by 105.69 yuan/ton month-on-month. The cost increased, and the price of the product fell, resulting in a significant decline in refining profit. The average weekly cost of crude oil at Shandong independent refineries was 4,447 yuan/ton, down 100 yuan/ton; the comprehensive income was 6,777 yuan/ton, down 14 yuan/ton, and other costs fluctuated slightly, and the comprehensive refining profit rose first and then fell, and the weekly increase.
Main business, the main business operation rate is stable, and the main business refined oil output is not much expected to change much. As for Shandong independent refinery, it is understood that the Yatong Petrochemical normal pressure reduction device has started construction, and there is still room for improvement in the Dongming Petrochemical device. However, during the National Day holiday, some refineries may reduce processing loads under the pressure of the warehouse, offsetting each other, and the utilization rate of Shandong independent refineries often reduces the pressure capacity, so the processing volume will also decrease.
Demand forecast: In terms of gasoline, on the eve of National Day, downstream users prepare stocks in moderation, and during the long holiday, refineries mainly ship more shipments, and in the later period, as the downstream enters the market to replenish the goods; in terms of diesel, on the eve of National Day, terminal users and traders purchase frequently. However, during the long holiday, downstream merchants mainly digest inventory.
Cost: It is expected that international oil prices will have room for upward, and OPEC+ production cuts and European energy supply risks may bring new positive effects. It is expected that WTI will run in the range of $80-88/barrel and Brent may run in the range of $87-95/barrel.
Let’s take a look at the price of 92 and 95 gasoline after the price adjustment of gas stations across the country. The following is only an example of the oil price information of a series of main gas stations such as Sinopec , CNPC and CNOOC in various places. The oil price information of private gas stations is not included.
Guangdong gasoline priced at 92 gasoline at 8.21 yuan/liter today; Guangdong gasoline priced at 95 gasoline at 8.89 yuan/liter today; Guangdong gasoline priced at 98 gasoline at 10.03 yuan/liter today; Guangdong gasoline at 0 diesel at 7.87 yuan/liter today.
Hainan oil price today: Hainan National VI E92# gasoline price is 9.30 yuan/liter; Hainan National VI E95# gasoline price is 9.30 yuan/liter; Hainan National VI E98# gasoline price is 9.88 yuan/liter; Hainan National VI 0# diesel price is 7.95 yuan/liter.
Henan October 7 oil price: Xinxiang National VI E92# gasoline today 8.20 yuan/liter; Xinxiang National VI E95# gasoline today 8.75 yuan/liter; Xinxiang National VI E98# gasoline today 9.41 yuan/liter; Xinxiang National VI 0# diesel today 7.85 yuan/liter.
Zhejiang October 7 oil price: Huzhou National VI E92# gasoline today 8.16 yuan/liter; Huzhou National VI E95# gasoline today 8.68 yuan/liter; Huzhou National VI E98# gasoline today 9.50 yuan/liter; Huzhou National VI 0# diesel today 7.85 yuan/liter.
Today's oil price information for gas stations in other areas is for reference only. Car owners are welcome to leave a message to share the oil prices in your city today after following and like it.
