Summary: The long-awaited oil price cut that car owners have been waiting for is coming again. On November 16, domestic gasoline and diesel prices are likely to be reduced, and the magnitude of the reduction is not small.
|The "6 Yuan Era" is coming?
The "6 Yuan Era" is coming?
[China Petroleum Network] News: The price of refined oil has experienced 22 adjustments this year, 13 of which were raised, and 8 It was downgraded, and once it was stranded. It can be seen that most of the gasoline and diesel prices have increased this year, especially from September to October, when oil prices rose four times in a row, directly entering the "8 yuan era." However, on November 2, this continuous rising trend finally stopped.
On November 2, the prices of gasoline and diesel were reduced by 375 yuan/ton and 365 yuan/ton respectively. This is equivalent to a price increase of 0.29 yuan/liter for No. 92 gasoline and 0.31 yuan/liter for No. 0 diesel, which was the largest decrease during the year. If you fill up a car with a 50-liter fuel tank, you can save 14.5 yuan.
The important thing is that the price of gasoline and diesel will drop on November 16. As of November 5, the first working day of this round of refined oil price adjustments, the change rate of crude oil was negative 5.77%, corresponding to a decrease in gasoline and diesel prices of 251 yuan/ton, equivalent to a price increase of approximately 0.19 yuan/liter.
After the last round of refined oil price cuts, the price of No. 92 gasoline in most areas across the country ranged from 7.49 to 7.69 yuan/liter, and the price of diesel ranged from 7.11 to 7.29 yuan/liter. There are still 9 working days before November 6, and oil prices are likely to enter the "6 yuan era."
| Not worried about domestic oil supply shortage
Not worried about domestic oil supply shortage
U.S. sanctions on Iran officially came into effect on the evening of November 5. The domestic market is worried that it can no longer import Iranian oil, resulting in a shortage of domestic oil supply and oil prices. thereby rising. But the market need not worry, because when the United States announced that Iran sanctions were taking effect, it also announced an exemption list, and China was among them. The so-called exemption list means that while the United States imposes sanctions on Iranian oil, China can continue to import Iranian oil.
Moreover, even if the United States does not include China on the exemption list, the Chinese Ministry of Foreign Affairs has made it clear that it will not give up Iranian oil.
In addition, China is also reaching cooperation with Denmark . PetroChina and Sinopec will acquire Denmark's largest oil field. Therefore, domestic oil supply will not be interrupted, and oil prices will continue to fall due to this impact.
|In the coming months, oil prices will continue to fall?
In the coming months, oil prices will continue to fall?
Not only that, oil prices may also continue to fall in the coming months. The main reasons are: 1. The market is too worried about supply. From September to October, oil prices rose for four consecutive years, precisely because of market concerns about a shortage of crude oil supply after the United States imposed sanctions on Iran. The average price of Brent oil in September was US$78.90, almost US$4.50 overvalued. In other words, market concerns about crude oil supply shortages are overdone.
2, crude oil production will increase significantly. Market concerns about the interruption of Iranian crude oil exports continue. The United States will hold mid-term elections today (November 6). OPEC and many oil-producing countries will increase crude oil production and reduce oil prices.
So as international oil prices fall, domestic oil prices will also fall.
(Copyright note: This article was compiled by China Petroleum Network, 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!
