The National Day holiday is coming to an end. Although many people are reluctant to leave, this is an irreversible thing. Only by cherishing the present can you leave fewer regrets. Back to the topic, for the oil price issue that most people are worried about, although the latest data has not been updated in the main indicators for the price adjustment of refined oil in my country recently, according to the changes in international crude oil futures prices, we can also know a little about the forecast trend of domestic oil prices, and estimate the specific results of the next round of refined oil price adjustment.
Almost everyone who cares about oil prices knows that the recent OPEC+ production cut has been widely circulated on the Internet, and people in the entire circle are always paying attention and are highly discussed. Of course, because OPEC+'s production cuts are relatively strong, and the oil production cuts are beneficial to international oil prices, international oil prices have risen continuously in recent trading days, and the prices of WTI and Brent crude oil futures have been rising. It has now achieved a "four consecutive increases" pattern, and the cumulative increase exceeds 10%, setting a new record in the short term.
Specifically, as of the close of the day (7th), the price of light crude oil futures delivered on the New York Mercantile Exchange in November rose by US$0.69, closing at US$88.45 per barrel, an increase of 0.79%; the price of Brent crude oil futures delivered in December rose by US$1.05, closing at US$94.42 per barrel, an increase of 1.12%. The crude oil rebounded for four consecutive days, adding a lot of popularity to the originally sluggish market in the past and boosting market confidence. The oil price trend is basically consistent with the expectations of OPEC . In addition, the expected reduction of OPEC + production is fulfilled and the significant decline in US oil inventories last week, as well as factors such as the index pullback, driving international oil prices to continue to rise. Brent crude oil futures may rise above the $100 mark, which fully demonstrates that any decision of OPEC+ can shake changes in oil prices, so its strategic position and influence are naturally self-evident.
Secondly, my country's refined oil prices will usher in the 19th round of adjustments this year at 24:00 on October 10, because in the remaining working days of this round of pricing statistics cycle, international oil prices continued to rise, WTI and Brent crude oil have risen repeatedly, and have achieved "four consecutive increases". According to past practice, the cumulative decline of domestic refined oil prices is significantly reduced, and it is very likely to be reduced to less than 50 yuan/ton, which means that oil prices are expected to successfully enter a stranded state, so there is no adjustment. At the same time, this may also be the first stranded this year.
Similarly, for the prices of No. 92 and No. 95 gasoline that many people are concerned about, affected by the continuous rise in international oil prices, it is expected that the price adjustment of No. 92 and No. 95 gasoline will be stranded at 24:00 on the 10th. Gasoline prices across the country will maintain the current retail price limit. At that time, my country's refined oil prices may generally show a new situation of "Eleventh rises, seven falls, zero stranded". The cost of car owners to fill a box of 50L gasoline is the same as during the National Day holiday. Of course, the same is true for the last No. 0 diesel price, because the upcoming 19th round of oil price adjustment in China, is expected to be stranded. Therefore, it is expected that No. 0 diesel price across the country will not be adjusted.
From the perspective of consumers, if my country's new round of refined oil price adjustment is stranded, it is better than the rise. After all, when OPEC+ agreed to start reducing production by 2 million barrels per day in November, and the production cut this time is relatively strong, setting a new record in two years, which has driven continuous rise in international oil prices. It is reasonable for my country's oil price forecast to continue to narrow, and if the price adjustment of refined oil is stranded in the end, it is obviously excellent. Some people are worried that my country's refined oil price adjustment may rise.
To sum up, under the combined effect of OPEC+'s agreement to cut production by 2 million barrels per day in November, a significant decline in US oil inventories and a sharp reduction in the US dollar index, international oil prices have been driven to continue to rise, and WTI and Brent crude oil have steadily risen. Affected by this, it is expected that domestic price adjustments of No. 92 and No. 95 gasoline will be stranded at 24:00 on October 10, and gasoline prices will not be adjusted.