summary: International oil prices have been rising for six consecutive weeks, and domestic refined oil prices have also formed a pattern of six increases, one decrease and one stranded. Before Labor Day, domestic refined oil prices will be adjusted again. Will they form a pattern of seven rises, one fall and one stranded?
| Oil prices "six rises, one fall and one stranded"
[China Petroleum Network] News: April 12 On the same day, domestic refined oil prices experienced the eighth adjustment this year. According to the National Development and Reform Commission, gasoline was increased by 155 yuan/ton and diesel was increased by 150 yuan/ton. The equivalent price increase is: No. 92 gasoline will increase by 0.12 yuan per liter; No. 95 gasoline will increase by 0.13 yuan per liter; No. 0 diesel will increase by 0.13 yuan per liter. Based on the estimated capacity of a typical household car fuel tank of 50L, filling up a tank of No. 92 gasoline will cost an extra 6 yuan.
After the oil price increase on April 12, the price of No. 92 gasoline in most areas across the country ranged from 6.9 to 7 yuan/liter, and the price of No. 0 diesel oil ranged from 6.3 to 6.7 yuan/liter. As of the adjustment on April 12, the cumulative increase in gasoline price was 905 yuan/ton. , the diesel price has been raised by a total of 875 yuan/ton.
|International oil prices have risen for six consecutive years
The changes in domestic refined oil generally follow the changes in international oil prices. However, international oil prices have risen for six consecutive weeks.
Due to the impact of OPEC production cuts, the increase in international oil prices has reached 32%. In December last year, OPEC and non-OPEC oil-producing countries reached an agreement to reduce production by an average of 1.2 million barrels per day starting in January this year for a period of six months. At present, OPEC's production reduction agreement has obvious effects. According to OPEC's latest monthly report released last week, OPEC's average crude oil production in March decreased by 534,000 barrels per day from the previous month to 30.02 million barrels, the lowest level in nearly four years.
Moreover, OPEC also intends to extend the production reduction agreement.
The production reduction agreement is the main reason for the surge in oil prices. In addition, the US sanctions on Iran , Venezuela, the decline in US oil and gas production, and the unrest in Libya are all driving up the rise in international oil prices. As of press time, Brent crude oil was trading at US$67.58/barrel and WTI crude oil was trading at US$63.26/barrel.
|On April 26, domestic refined oil prices will be raised again?
Before May Day, that is, on April 26, domestic refined oil prices will be adjusted for the ninth time this year. Zhuo Chuang analysis believes that OPEC's production cuts will still support estimated oil prices; the peak travel period in the United States has caused gasoline inventories to decline, and the supply and demand side is relatively balanced, but the decline in economic growth will continue to drag down the oil market; today is the second day of this pricing cycle Within one working day, the corresponding oil price increase has been close to 100 yuan/ton.
Zhuochuang Information refined oil analyst Zhang Zhaoxin said that on April 26, domestic refined oil prices were adjusted for the ninth time, and there is still a high probability of an increase.
Currently, the highest price of No. 92 gasoline in China is Hainan, at 8.1 yuan; the lowest price is in Shenzhen, at 6.23 yuan. The highest price of No. 0 diesel is in Tibet, at 7.18 yuan, and the lowest price is in Shenzhen, at 5.81 yuan. If domestic oil prices increase again on April 26, it is expected that No. 92 gasoline will most likely enter the "7 yuan era."
(Copyright note: This article was edited by China Petroleum Network-L. Please obtain authorization before reprinting, and please indicate the source after reprinting) If you like the editor's article, you can add a follow above. We hope that everyone will leave comments and likes after reading it, and you can also share it with your friends to show your support for us!
