According to the crude oil change rate data on the sixth working day of the new round of oil price adjustments (September 28), is currently expected to lower the oil price by 150 yuan/ton , which is calculated as a decrease in oil price by 0.11 yuan/liter. A new round of price adjustment window will be opened at 24:00 on October 10, 2022. According to the current trend of oil price change rate, the probability of this time is very high. Once refined oil officially opens the downward window, it will be the 8th decline this year.
On Thursday (September 29), international oil prices fell more than 1%, and the strengthening of the US dollar suppressed demand for dollar-denominated commodity , and concerns about the global economic downturn cast a shadow on market sentiment. However, new uncertainty has emerged on the supply side, which is expected to consolidate the prospect of long-term rising oil prices.
Beijing time at 16:45, NYMEX crude oil futures fell 1.41% to US$80.99 per barrel; ICE Brent crude oil futures fell 1.31% to US$86.89 per barrel.
After hitting a nine-month low this week, the two major crude oil prices rebounded in the first two trading days. USD index pullback and the decline in U.S. fuel inventories has triggered consumers' hopes for a recovery in demand.
After the British government announced budget plan last week caused the pound to plummet, the Bank of England said it promised to buy as many long-term government bonds, namely, as needed, as needed, as needed, as needed.
But the dollar index rose again on Thursday to curb investors' risk appetite and sparked concerns about a global recession. Earlier, Goldman Sachs lowered its forecast for oil prices in 2023, citing weak demand and stronger dollar expectations.
EU proposes a new round of sanctions on Russia's invasion of Ukraine, including stricter trade restrictions, more personal blacklists and demands that more third countries impose price caps on Russian crude oil procurement, although the 27 EU member states need to overcome their respective differences to implement these policies.
Norwegian Prime Minister Stor said on Wednesday (September 28) that Norway will deploy troops to protect its oil and gas . Previously, several countries said that two Russian gas pipelines leading to Europe via the Baltic Sea were attacked, causing natural gas leakage and exacerbating the threat of energy security.
Norway is now Europe's largest natural gas supplier and the world's leading oil supplier. It has more than 90 offshore oil and gas fields, most of which are connected to a network of natural gas pipelines that stretch about 9,000 kilometers (5,590 miles).
Senior Lecturer at the Royal Naval Academy of Norway said: "The Norwegian government must realize that the most important strategic goal of the entire Europe at present is Norwegian energy. If Norwegian oil and gas delivery is greatly reduced, this will trigger a complete energy crisis in Europe."
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-