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Notice: Gas stations across the country will lower their oil prices uniformly, reducing gasoline and diesel by 540 yuan and 520 yuan / ton respectively! Refresh the biggest drop in the year!

Notice: Gas stations across the country will lower their oil prices uniformly, reducing gasoline and diesel by 540 yuan and 520 yuan / ton respectively! Refresh the biggest drop in the year!

(Summary description)Notice: Affected by the continued decline in international oil prices, during the new round of domestic refined oil pricing cycles

Notice: Gas stations across the country will lower their oil prices uniformly, reducing gasoline and diesel by 540 yuan and 520 yuan / ton respectively! Refresh the biggest drop in the year!

(Summary description)Notice: Affected by the continued decline in international oil prices, during the new round of domestic refined oil pricing cycles

Information

International crude oil prices

 

Crude oil closing price

 

WTI 51.45 +1.16

 

Brent 59.51 +0.75

 

  China SC main force 1901 drops 6.1 to 417.2 yuan / barrel

 

 

 

  Notice: Affected by the continued decline in international oil prices, during the new round of domestic refined oil pricing cycles, the rate of change in crude oil has been operating strongly and negatively. In conjunction with market changes, starting at 24:00 on November 30, 2018, the national gasoline and diesel, including local refueling Station, respectively lowered 540 yuan and 520 yuan / ton (the final oil price is subject to the official documents of the Development and Reform Commission). The price is discounted and it is expected that the price of all national oil prices will fall as follows:

 

92 gasoline down 0.42 yuan / liter-0.43 yuan / liter

 

95 petrol down 0.45 yuan / liter-0.47 yuan / liter

 

98 gasoline down 0.45 yuan / liter-0.50 yuan / liter

 

No. 0 diesel is reduced by 0.43 yuan / liter-0.44 yuan / liter

 

No. 10 diesel is reduced by 0.45 yuan / liter-0.47 yuan / liter

 

  For China, as long as the price of oil is low enough, it is a good thing. Who makes us a big importer of crude oil. This time, car owners will fill a box of 50 liters of fuel tanks, which will cost 21-25 yuan less than today! The logistics industry, using oil units, not to mention, believe that all have opened a money-saving mode.

 

Car owners can say that in November they have reduced their fuel costs three times in a row, but all the increases in the year have almost dropped to the level of the beginning of November. It is really surprising that international oil prices have not only failed to soar to $ 100 / barrel. Instead it fell almost to the bottom! So things are unpredictable.

 

  If the oil price drops, please tell your friends and relatives quickly to let more people know that the price of oil has fallen to a new high tonight, and it will save you money tomorrow! Want to know in advance the latest oil prices after the local cuts, please pay attention to this public account in time.

 

  Gasoline 92 returns to the era of 6 yuan

 

  After the implementation of the oil price reduction tonight, refined oil products experienced a total of 24 price adjustments during the year, showing a rise of 13, a decline of 10, and a stranded situation. Based on the expected reduction in oil prices tonight by 0.42 yuan / liter -0.50 yuan / liter, 92 starts tomorrow Gasoline will enter the era of 6 yuan, with an average price of around 6.83 yuan per liter, the price of gasoline No. 95 will also return to around 7.28 yuan per liter, and gasoline of No. 98 will drop to about 8.03 yuan per liter. The price of No. 0 diesel will also reach around 6.50 yuan / liter. After the "three consecutive declines" in November, adding up, gasoline dropped by 1,425 yuan / ton and diesel dropped by 1,375 yuan / ton.

 

  Latest International Oil Price News

 

  Oil prices reversed on Thursday, rising as much as 2% after industry sources said that Russia agreed to the need to reduce production before a meeting with the Organization of the Petroleum Exporting Countries (OPEC) next week. So far in November, oil prices have fallen by almost 22%, the largest monthly drop since the worst period of the 2008 financial crisis.

 

  The Russian Ministry of Energy held a meeting today, and after meeting with domestic oil producers, they agreed that a reduction in production is necessary. At present, various parties are studying the timing and scale of production reduction.

 

  International oil prices fell earlier on Thursday and were again suppressed by selling because Russian President Putin was not uncomfortable with the oil price of 60 US dollars / barrel and said that even if the oil price was as low as 40 US dollars / barrel, the balance of payments could be maintained, which made the market once Worried that Russian leaders are showing reluctance to let oil prices go.

 

  In view of the fact that oil prices have fallen a lot from the nearly four-year highs reached in early October, Saudi Arabia is pushing other non-OPEC oil producers such as the Organization of the Petroleum Exporting Countries (OIPEC) and Russia to cooperate to reduce production. At present, most analysts believe that at a policy meeting on December 6, OPEC will announce a 1.1 million barrel / day reduction in production.

 

  Considering the current situation of oversupply, market analysts believe that such a reduction in output is not enough to completely change the situation. The current focus of attention requires close attention to the results of the talks between President Putin and the Saudi Crown Prince at the G20 summit this weekend.

 

  Today's Refining News

 

  The rise in international crude oil has provided market participants with confidence, and some midstream and downstream units may increase their purchase plans, but the market's response to the previous crude oil plunge has lagged. Refinery inventory has recently been released, pressure has eased, and a small number of refineries have explored the bottom line. It is expected that today's Shandong refinery and diesel prices will be difficult to form an effective rise, the probability of stabilization is large, the increase is weak. Today, the prices of all oil products in Panjin Refinery have fallen.

 

  According to monitoring, the domestic diesel wholesale market has basically shown a trend of oscillating upwards and then a narrow decline in 2018. The market high appeared in early October, and the current market has basically fallen to the beginning of the year. Taking the Shandong market as an example, the average domestic wholesale price of main diesel oil was 6,250 yuan / ton on January 1, 2018. As of November 28, the wholesale price has fallen to 6,300 yuan / ton, which is basically the same as the price at the beginning of the year; 2018 On November 28, the comprehensive price of the refinery was 6,238 yuan / ton, and on January 1, the comprehensive price of the refinery was 5,939 yuan / ton, with a difference of 299 yuan / ton. 6000 yuan / ton.

 

  Crude oil and refined oil situation in October 2018 [NDRC]

 

  In October 2018, China's crude oil output was 16.09 million tons, an increase of 0.3% over the same period last year; the volume of imported crude oil was 40.8 million tons, an increase of 31.5% over the same period last year; the volume of processed crude oil was 52.78 million tons, an increase of 4.6% over the same period last year; The apparent consumption of crude oil was 56.75 million tons, an increase of 21.3% over the same period last year. In October 2018, the spot price of Brent crude oil was $ 81.03 / barrel, an increase of 41.4% over the same period last year. In October 2018, the average wholesale price of 93 # gasoline was 10173.3 yuan / ton, an increase of 37.8% over the same period last year; the average wholesale price of 0 # diesel oil was 8324.5 yuan / ton, an increase of 30.0% over the same period last year. (From the official website of Changxing Island Petrochemical Market)

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