Today is July 5th, and the domestic refined oil price adjustment and pricing cycle has reached its normal time. As of the fourth working day of this pricing cycle, the comprehensive change rate of crude oil is -1.72%. According to current data, the oil price will The price will be reduced by 0.1 yuan/liter, and the next round of refined oil price adjustment window will open at 24:00 on July 12.
Libyan supply disruptions and Norway possible suspension of production exceeded speculation that the economic slowdown may suppress demand. International oil prices closed up more than 2%, and the rise in the US stock market also enhanced the oil futures market sentiment. New York Mercantile Exchange West Texas Light Crude Oil August 2022 futures settlement price is US$108.43 per barrel, up US$2.67, or 2.5%, from the previous trading day, with a trading range of US$104.56-109.34; London Intercontinental Exchange Brent crude oil September 2022 futures settlement price was US$111.63 per barrel, an increase of US$2.60, or 2.4%, from the previous trading day.
Libya's national oil company declared force majeure in the ports of Esside and Ras Lanuf and the Elfer oil field. The company said that force majeure has not yet been lifted in the ports of Brega and Zuitina. The company also said the country's crude oil production has dropped significantly, with daily exports ranging from 365,000 to 409,000 barrels, which is 865,000 barrels less than normal production.
Before the crisis in Ecuador, the country's oil production was 50,000 barrels per day, and protests led to the shutdown of more than half of its production capacity. Statoil A number of oil workers at Statoil will go on strike starting on July 5, which may reduce Norway's oil production by about 4%. A planned strike by Norwegian oil and gas workers for July 5 could reduce the country's total oil production by about 8%, or about 320,000 barrels of oil equivalent per day, unless it is canceled at the last minute, one calculation shows. Wage requirements reached an agreement.
From the supply side, the military actions between the two geopolitical parties not only show no signs of easing, but also intensify in some areas. At the same time, the negotiations on the Iran issue are progressing slowly, and the geopolitical favorable conditions continue. From the demand side, the recent US stocks have been weak and volatile, and some economic data have been weak. At the same time, the Federal Reserve's stance on continuing interest rate hikes has not changed, and the bleak economic outlook may continue to bring pressure.
Due to tight inventories, limited spare capacity and weak supply growth from oil-producing countries other than OPEC and its production-cutting allies, there are still upward risks to oil prices. In the past week, the first-month light sweet crude oil futures on the New York Mercantile Exchange dropped a net US$2.23, or 2.07%; the average settlement price per barrel was US$108.45, US$1.269 higher than the previous week, with the highest settlement price being US$111.76 per barrel, and the lowest settlement price per barrel. A barrel is US$105.39; the trading range is US$101.94-114.05 a barrel. The first-month Brent crude oil futures on London's Intercontinental Exchange dropped a net US$1.49, or 1.32%; the average settlement price per barrel was US$115.15, US$2.76 higher than the previous week, with the highest settlement price being US$117.98 per barrel and the lowest settlement price being US$111.63 per barrel; trading The range is 104.54-120.41 US dollars per barrel.
Finally, let’s take a look at the retail price limits of 92, 95, and 98 gasoline at gas stations across the country. The following is only an example of today’s oil price information at gas stations in some regions.
The retail price of 92 gasoline at Ningxia gas stations is limited to 8.96 yuan/liter; the retail price of 95 gasoline at Ningxia gas stations is limited to 9.46 yuan/liter; the retail price of 98 gasoline at Ningxia gas stations is limited to 10.76 yuan/liter; the retail price of diesel at Ningxia gas stations is limited to 8.64 yuan /Lift.
The retail price of 92 gasoline at Guangxi gas stations is limited to 9.12 yuan/liter; the retail price of 95 gasoline at Guangxi gas stations is limited to 9.85 yuan/liter; the retail price of 98 gasoline at Guangxi gas stations is limited to 10.85 yuan/liter; the retail price of diesel at Guangxi gas stations is limited to 8.82 yuan/liter Lift.
The latest adjusted No. 92 gasoline in Liaoning is 9.04 yuan/liter today; the latest adjusted No. 95 gasoline in Liaoning is 9.64 yuan/liter today; the latest adjusted No. 98 gasoline in Liaoning is 10.50 yuan/liter today; the latest adjusted No. 0 gasoline in Liaoning Diesel price today is 8.67 yuan/liter.
Oil prices at Jinan gas stations: Today’s price of Jinan National VI 0# diesel is 8.77 yuan/liter; Today’s price of Jinan National VI E92# gasoline is 9.05 yuan/liter; Today’s price of Jinan National VI E95# gasoline is 9.71 yuan/liter.
Shaanxi Xianyang oil price news: Shaanxi Xianyang National VI 0# diesel price is 8.65 yuan/liter; Shaanxi Xianyang National VI 92# gasoline price is 8.94 yuan/liter; Shaanxi Xianyang National VI 95# gasoline price is 9.45 yuan/liter.
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