After the international oil price fell by more than 3% yesterday, it rose slightly today and fell slightly. This has brought the current US crude oil price back below US$78/barrel, and the price of Brent crude oil is also below US$86/barrel. This has caused the domestic oil price adjustment next time, and it is expected that the decline will exceed 3 cents/liter . Let’s take a look at the latest news on international oil prices and oil price adjustment information.
Today's international oil price: As of the close of November 25, WTI January crude oil futures closed up $0.02, rose 0.02% , at 77.96 USD/barrel ; Brent 1 January crude oil futures closed down $0.07, fell 0.08% , at 85.34 USD/barrel .
Latest news on oil price adjustment: A new oil price adjustment will be conducted on on the evening of November 5th . At present, after 4 working days statistics, it is expected that will lower the oil price by 380 yuan/ton (0.29 yuan/liter-0.34 yuan/liter). If you want to know in advance how much the oil price will eventually fall , please follow the "zxyoujia" official account news in time.
latest news on international oil prices
1 November 21, Saudi Oil Minister denied media reports that OPEC+ was considering announcing production increase. He said that the daily production quota of 2 million barrels, which began in November, will continue until the end of 2023. What really caused the market shock was another sentence from the minister, ", if further measures are needed, will be balanced by reducing production, and Saudi Arabia is ready to intervene in at any time."
As the price ceiling set by the G7 countries to set on Russian oil is higher than the current market level, This may attract Russia to continue selling oil, thereby reducing the risk of supply shortage faced by the global oil market . G7, as well as the entire EU and Australia, are scheduled to impose a price cap on Russian oil exported by sea on December 5.
data released overnight by the U.S. Energy Information Administration (EIA) showed that both U.S. gasoline and distillate stocks rose sharply last week, and eased concerns about market tensions as refineries increased production. Despite the sharp decline in crude oil inventories, refinery utilization rose by 1 percentage point to reach 93.9 of total production capacity, and the utilization rate of on the east coast of hit a record high.
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