China News Service, September 6 (China News Service, Ge Cheng) After experiencing a wave of "five consecutive declines", is oil prices going to rise again?
:00 on September 6, a new round of domestic refined oil price adjustment window will open. Affected by changes in international oil prices, domestic refined oil prices may end the trend of continuous declines and usher in the first increase in the second half of the year.
Data picture: Gas station. Photo by Liu Yanghe, China News Service,
, Jinlianchuang finished oil analyst Wang Shan said that since this round of pricing cycle, international crude oil prices have risen first and then fallen. Initially, the market expected that the Organization of the Petroleum Exporting Countries (OPEC) would cut production when necessary to support oil prices. In addition, the decline in crude oil inventories of the U.S. Energy Information Administration's (EIA) has caused another gloom in the prospects of US-Iran nuclear talks, and the Libya conflict has boosted oil prices to fluctuate and rise.
organization estimates that as of the ninth working day of the Japanese round refined oil price adjustment cycle on September 5, the average price of reference crude oil varieties was US$95.44 per barrel, with a change rate of 3.33%. It is estimated that the domestic gasoline and diesel increase will be RMB 190 per ton, equivalent to about RMB 0.15 per liter of gasoline and diesel. After this round of oil price adjustment, No. 95 gasoline in some regions may return to the "9 yuan era".
2022 price adjustments in domestic refined oil. (Data source: National Development and Reform Commission)
"In the future, the turbulent situation in oil-producing countries has made crude oil supply full of variables, supporting oil prices to a certain extent." Luo Meijuan, an analyst at Jinlianchuang finished oil, said that, however, the continued hike of developed economies in interest rates has further intensified concerns about economic recession, which has triggered concerns about crude oil demand and may cause oil prices to be under pressure.
"There is still a lot of uncertainty in oil prices, and the real market demand will remain high." Executive Vice Chairman of the China Energy Research Association , said that under the downward situation of the global economy, oil production is under certain pressure, which can further encourage its active production. (End)
Source: China News Network
