Source: Qianjiang Evening News
According to CCTV financial news,
international oil prices fell sharply yesterday (June 17),
US oil fell by more than 6.8%.
Affected by the interest rate hikes by many central banks around the world, investors' focus shifted from the supply and demand pattern to the risk of economic recession. In addition, the US dollar strengthened significantly on Friday, which put international oil prices under pressure and fell sharply on June 17. As of the close, New York oil prices fell 6.83%, and Brent oil prices fell 5.58%. Affected by Friday's market conditions, international oil prices have fallen significantly this week, ending the seven-week rise in New York oil prices and Brent oil prices.
A new round of domestic oil price cycle, statistics have been conducted for 3 working days, the current crude oil change rate is -0.21%, which is 15 yuan/ton after conversion, still remaining in the stranded range.
According to the " Petroleum Price Management Measures " issued by the National Development and Reform Commission in 2016, Article 7 of the Measures mentions: "When the price adjustment range is less than 50 yuan per ton, no adjustment will be made, and it will be included in the next price adjustment to be accumulated or offset." This is what we often call the stranded interval.
Although the market is closed on the weekend, it is believed that the opening of the market on Monday will follow the sharp drop in international oil prices on Friday, making this round of oil price adjustments possible. The oil price adjustment time is: 24:00 on June 28, 2022.
Reporters noted that since the beginning of this year, domestic refined oil prices have undergone 11 adjustments, including 10 increases and 1 decrease. The latest adjustment was at 24:00 on June 14. Domestic gasoline prices were increased by 390 yuan/ton and diesel prices were increased by 375 yuan/ton.
It has been more than two months since the last oil price cut. Some netizens said: Even if there is no reduction, it is good that the oil price adjustment is shelved this time...
Source: CCTV Finance, National Development and Reform Commission, China-Singapore Jingwei, Today's Oil Price Inquiry
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