text: Original by Dongchedi Xing Qiuhong
[Original by Dongchedi Industry] At 24:00 on April 28, domestic oil prices ushered in a new round of adjustments. According to the National Development and Reform Commission website, domestic gasoline and diesel prices rose by 205 yuan and 200 yuan per ton respectively.
Domestic oil prices ushered in the seventh increase this year
converted into price increase calculations, No. 92 gasoline will rise by 0.16 yuan, No. 95 gasoline will rise by 0.17 yuan, and No. 0 diesel will rise by 0.17 yuan. According to the average household car's 50-liter fuel tank, it will cost 8 more yuan to fill a box of No. 92 gasoline after April 28.
Including this round of adjustments, domestic oil prices will show a pattern of "seven rises and one fall" in 2022. Compared with the end of last year, the domestic gasoline price has risen by 1,645 yuan/ton; the diesel price has risen by 1,585 yuan/ton.
2022 domestic oil prices showed a pattern of "seven rises and one fall"
In terms of international oil prices, there was a trend of falling first and then rising during this round of adjustment cycle. Fed has sharply raised interest rates expected heated up, and the market's concerns about the prospect of growth in energy demand have led to pressure on oil prices, causing crude oil futures prices to fluctuate and fall.
Due to the increase in US commercial crude oil inventories last week, coupled with the uncertainty of the Russian oil embargo, international oil prices have rebounded again in recent days.
As of the close of April 27, the price of light crude oil futures delivered on the New York Mercantile Exchange in June rose by $0.32 to close at $102.02 per barrel, an increase of 0.31%; the price of London Brent crude oil futures delivered in June rose by $0.33 to close at $105.32 per barrel, an increase of 0.31%.
International Monetary Fund lowers global economic growth expectations in 2022
On April 19, the latest issue of the " World Economic Outlook Report " released by the International Monetary Fund predicts that the global economy will only grow by 3.6% in 2022, a sharp drop of 0.8 percentage points from the January forecast. Signs of slowing economic growth such as rising inflation pressures in various countries and tightening global financial environment will help curb the continued rise in oil prices.
However, the Russian-Ukrainian conflict has triggered Western countries to suppress the Russian oil and gas industry, which has caused a significant decline in Russian crude oil production.
Russian oil production may drop by 17% in 2022
A recent document from the Russian Ministry of Economic Affairs showed that in 2022, Russian oil production may drop from 524 million tons in 2021 to 433.8 million to 475.3 million tons (8.68 million to 9.5 million barrels per day), a decrease of as much as 17%. Oil and natural gas exports will also be reduced this year.
At the same time, the Organization of OPEC reiterated on April 21 that it will not accelerate production growth. This means that oil supply will not improve significantly in the short term, resulting in the possibility of maintaining a high fluctuation in international oil prices.
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