Affected by the interest rate hikes by many central banks around the world, investors' focus shifted from the supply and demand pattern to the risk of economic recession. In addition, the US dollar strengthened significantly on Friday, which put international oil prices under pre

Affected by the interest rate hikes by many central banks around the world, investors' focus shifted from the supply and demand pattern to the risk of economic recession. In addition, the US dollar strengthened significantly on Friday, which put international oil prices under pressure and fell sharply on June 17.

As of the close, New York oil prices fell 6.83%, Brent oil prices fell 5.58%. Affected by Friday's market conditions, international oil prices have fallen significantly this week, ending the seven-week rise in New York oil prices and Brent oil prices.

A new round of domestic oil price cycle, statistics have been conducted for 3 working days, the current crude oil change rate is -0.21%, which is 15 yuan/ton after conversion, still remaining in the stranded range. According to the " Petroleum Price Management Measures " issued by the National Development and Reform Commission in 2016, Article 7 of the Measures mentions, "When the price adjustment range is less than 50 yuan per ton, no adjustment will be made, and it will be included in the next price adjustment to be accumulated or offset." This This is what we often call the stranded interval.

The sharp drop in international oil prices has given rise to the possibility of a downward adjustment in this round of oil price adjustments. According to domestic oil price adjustment rules, the next oil price adjustment will be at 24:00 on June 28, 2022.

reporter noted that since the beginning of this year, domestic refined oil prices have undergone 11 adjustments, including 10 increases and 1 decrease. The latest adjustment was at 24:00 on June 14. Domestic gasoline prices were increased by 390 yuan/ton and diesel prices were increased by 375 yuan/ton.

It has been more than two months since the last time oil prices dropped .

Why did global oil prices plummet?

I think there are two main reasons:

1. The US dollar raised interest rates by 75 basis points, and there will be a substantial interest rate hike in July.

The Federal Reserve decided to significantly raise interest rates by 0.75% at its June interest rate meeting, which was the largest rate increase in recent decades. The purpose was to curb inflation and price growth. The U.S. CPI consumer price index rose by 8.6% in May, setting a new high in 40 years, prompting the U.S. dollar to raise interest rates, and to continue to raise interest rates significantly, which is very detrimental to oil prices.

2. The United States puts pressure on OPEC to increase oil production.

The United States cannot control the production capacity of its domestic oil companies.

In order to maintain rising oil prices, U.S. oil companies have been strictly controlling oil production growth.

The United States has no choice but to place its hopes on increasing oil production on Saudi Arabia and other Organization of Petroleum Exporting Countries OPEC (OPEC), requiring them to increase oil production capacity and export scale on the basis of an average daily increase of more than 600,000 barrels of oil in July to make up for it. The reduction in Russian oil exports due to the Russia-Ukraine conflict has resulted in a world oil supply gap of approximately 2 million barrels to 3 million barrels per day.

I think that under the combined effect of the two-pronged approach, global oil prices collapsed this week, ending the previous strong trend of four consecutive weeks of increases. Domestic oil prices may adjust to price cuts.

After the latest oil price adjustment at gas stations across the country, there is price information for No. 92 gasoline, No. 95 gasoline and No. 0 diesel for today, June 19.

The specific time for this round of oil price adjustment is 24:00 on June 28. Car owners pay close attention to Youlao Finance every day to keep abreast of the latest oil price adjustment trends and today's national oil price information.

The 11 regions with the cheapest 92-gauge gasoline prices in China

1, Xinjiang The price of 92-gauge gasoline on June 19 was 9.03. Today the price of 0-gauge diesel is 8.74 yuan/liter.

2, Shaanxi No. 92 gasoline price on June 19 was 9.19. Today’s No. 0 diesel price is 8.91 yuan/liter.

3, Ningxia The price of No. 92 gasoline on June 19 was 9.21. Today the price of No. 0 diesel is 8.9 yuan/liter.

4, Inner Mongolia, the price of No. 92 gasoline on June 19 was 9.25, and the price of No. 0 diesel today was 8.89 yuan/liter.

5, Hunan The price of No. 92 gasoline on June 19 was 9.26. Today the price of No. 0 diesel is 9.11 yuan/liter.

6, Anhui The price of No. 92 gasoline on June 19 was 9.26. The price of No. 0 diesel today is 9.08 yuan/liter.

7, Shanxi No. 92 gasoline price on June 19 was 9.26, and today’s No. 0 diesel price was 9.12 yuan/liter.

8, Jiangxi No. 92 gasoline price on June 19 was 9.27, and today’s No. 0 diesel price was 9.09 yuan/liter.

9, Shanghai No. 92 gasoline price on June 19 was 9.28, and today’s No. 0 diesel price was 9.02 yuan/liter.

10, Fujian The price of No. 92 gasoline on June 19 was 9.28, and the price of No. 0 diesel today was 9.02 yuan/liter.

11, Heilongjiang. The price of No. 92 gasoline on June 19 was 9.28. Today, the price of No. 0 diesel is 8.8 yuan/liter.

If your area is not among the 11 low oil price areas above, then it is a high oil price area.

Crude oil prices have plummeted this week. The national oil price adjustment on June 28 may usher in the second oil price reduction this year!