According to the National Development and Reform Commission, a new round of refined oil price adjustment window will open at 24:00 today (December 19). According to monitoring by the Price Monitoring Center of the National Development and Reform Commission, international oil pric

According to the National Development and Reform Commission, a new round of refined oil price adjustment window will open at 24:00 today (December 19). According to monitoring by the Price Monitoring Center of the National Development and Reform Commission, international oil prices continued to fall sharply during this round of refined oil price adjustment cycles (December 5-December 16). On average, London Brent and New York WTI oil prices fell by 6.63% compared with the previous price adjustment cycle.

reporters learned from the National Development and Reform Commission that the specific details of this oil price adjustment are as follows: the domestic retail price limits of gasoline and diesel have been reduced by 480 yuan and 460 yuan per ton respectively. This is the third consecutive price reduction for domestic refined oil products and the last price adjustment this year.

Looking at the national average:

htmlNo. 092 gasoline has been reduced by 0.38 yuan;

htmlNo. 095 gasoline has been reduced by 0.40 yuan;

htmlNo. 00 diesel has been reduced by 0.39 yuan.

Based on the estimated capacity of a typical household car fuel tank of 50L, filling up a tank of No. 92 gasoline will cost you 19 yuan less.

International oil prices continue to fall sharply under pressure

During the price adjustment cycle, market concerns about sluggish demand for crude oil have once again heated up, and oil prices have continued to fall sharply under pressure. The Federal Reserve and the European Central Bank have successively announced interest rate hikes by 450 basis points, and said that further interest rate increases are still possible to ease inflationary pressures. The market's worries about the global economy entering recession and weak crude oil demand have intensified, and speculative funds have sold off long positions in crude oil. In addition, U.S. crude oil inventories hit their largest weekly increase since March last year, and refined oil inventories continued to grow, also weighing on oil prices. The prices of Brent crude oil futures in London and WTI in New York once fell to their lowest levels this year of US$76.1 and US$71.02 per barrel respectively. On average, London Brent and New York WTI oil prices in this price adjustment cycle fell by 7.17% and 6.09% respectively compared with the previous price adjustment cycle.

The Price Monitoring Center of the National Development and Reform Commission predicts that the "radical interest rate hikes" in the United States and Europe have led to a lack of market confidence in the global economy and crude oil demand growth. In the short term, oil prices will continue to be depressed due to concerns. Judging from the situation next year, the global economy, geopolitics , epidemic prevention and control, and financial markets will comprehensively affect crude oil supply, demand, and price trends, and the Ukrainian issue will be the main uncertain factor affecting oil prices.

html Overview of oil price changes in 0 years ↓↓↓

Reprinted from 丨CCTV Finance

Source: Qilu.com