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Domestic refined oil price adjustment stranded for the first time this year

Domestic refined oil price adjustment stranded for the first time this year

(Summary description)Due to the decrease of less than 50 yuan / ton, domestic refined oil prices ran aground for the first time this year.

Domestic refined oil price adjustment stranded for the first time this year

(Summary description)Due to the decrease of less than 50 yuan / ton, domestic refined oil prices ran aground for the first time this year.

Information

  Due to the decrease of less than 50 yuan / ton, domestic refined oil prices ran aground for the first time this year.

 

  On March 14, the website of the National Development and Reform Commission announced that according to the current domestic refined oil price mechanism, the average price of the ten working days before March 14 was less than the average price of the ten working days before February 28. 50 yuan, the price of gasoline and diesel is not adjusted this time, the unadjusted amount is included in the next price adjustment or accumulated.

 

  Jia Tingting, a product oil analyst at commodity information agency Zhuo Chuang Information, told interface journalists that during this cycle, the good news of Saudi Arabia ’s production cuts and U.S. sanctions against Venezuela still exists, but the market is also full of concerns about weak economic growth expectations. , Resulting in a volatile trend in international oil prices during this pricing cycle.

 

  Jia Tingting said that affected by this, the domestic reference crude oil change rate is operating within a negative value. As of the close of March 13, Zhuochuang's estimated crude oil change rate was -0.31%, corresponding to a reduction of 15 yuan / ton for gasoline and diesel prices, which did not touch the red line of 50 yuan / ton price adjustment.

 

  This is also the first time that domestic refined oil products have run aground in 2019.

 

  Entering 2019, international oil prices have changed from the slump at the end of last year, ushering in a wave of "four consecutive rises." During the period, the cumulative increase in gasoline and diesel reached 670 yuan / ton and 645 yuan / ton, respectively. The equivalent price of gasoline No. 92 rose by 0.53 yuan / liter, and the No. 0 diesel rose by 0.55 yuan / liter.

 

  Looking back at this round of pricing cycles, OPEC + 's production reduction agreement has been effectively implemented and is expected to continue until the end of the year. The weak global economy in the early period has improved, and the geopolitical crisis caused by the political turmoil in Venezuela has given rise to the crude oil market .

 

  As of the close of March 14, Beijing time, WTI crude oil futures prices closed at $ 58.26 / barrel, an increase of 2.44%; Brent crude oil futures prices closed at $ 67.55 / barrel, an increase of 1.32%.

 

  Regarding the next round of price adjustment, Jia Tingting said that EIA lowered its US crude oil production growth rate forecast, and US crude oil production also fell from a high level. In addition, OPEC's efficient production reduction will continue to drive oil prices up. "After recalculation, the rate of change of crude oil may be turned into a positive range, and the next round of domestic refined oil may face an upward adjustment." Jia Tingting said. (From China Energy Network)

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