The biggest drop in nearly seven months oil prices are facing a sharp cut at 24:00 tonight

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 The biggest drop in nearly seven months oil prices are facing a sharp cut at 24:00 tonight


Beiqing news reporter learned that the international oil price has fallen for the fourth consecutive week. The sharp drop in oil prices also makes Saudi Arabia push OPEC to hold an emergency meeting in February. Russias energy minister also said the meeting of OPEC and its allies would be advanced from March to February. This meeting will assess the impact of the new coronavirus on crude oil demand. According to the development of the situation, OPEC may further increase its production reduction efforts in the original production reduction agreement. In order to prevent the spread of the epidemic, the measures of temporary closure of the city and temporary reduction of public transport were also introduced in China. With the decrease of the flow of people, the consumption of domestic refined oil finally decreased significantly.

In addition, due to the extension of the Spring Festival holiday, the price adjustment window of domestic refined oil, which was supposed to be opened at 24:00 on February 1, was extended to 24:00 on February 4.

Longzhong information and Zhuo Chuang information both forecast a reduction of 420 yuan per ton of gasoline and 405 yuan per ton of diesel at 24:00 on February 4, equivalent to a reduction of 0.33 yuan per liter of 92 gasoline and 0.35 yuan per liter of 95 gasoline. Jinlianchuang forecasts a decrease of 385 yuan. This round of price adjustment is the first decline in 2020, and the decline also hit a new high since 24:00 on June 11, 2019 (the gasoline and diesel dropped by 465 yuan and 445 yuan / ton respectively).

(function() {(window. Slotbydup = window. Slotbydup| []). Push ({ID: u5811557, container: ssp_, async: true});}) (); consumers with 50L fuel tank capacity spend 16.5 yuan less to fill a box of 92 u00d7 gasoline. In terms of fuel consumption, according to the example of a private car that runs 2000 kilometers a month and consumes 8L per 100 kilometers, the fuel consumption can be reduced by 26 yuan. In terms of logistics and transportation, the fuel consumption of a single vehicle can be reduced by 656 yuan in the next half month, taking the stele heavy truck which runs 10000 kilometers per month and consumes 38L fuel per hundred kilometers as an example. For the next round of adjustment, Xu Na, an analyst with Zhuo Chuang, said that in the later stage, it remains to be seen whether crude oil demand can recover. OPEC may consider deepening production reduction to stabilize the oil market, and oil prices are expected to bottom in the near future. However, if the demand recovery is insufficient, it is not ruled out that oil prices will continue to fall. Therefore, at the beginning of the next pricing cycle, the crude oil change rate may still be at a low level, which does not rule out the possibility that the price of domestic refined oil will continue to decline at 24:00 on February 28. Source: beiqing.com Author: Zhang Xin editor: Lin Qihui ufe63 nb13068

Consumers with 50L fuel tank can charge 16.5 yuan less for a full tank of 92 u00d7 gasoline. In terms of fuel consumption, according to the example of a private car that runs 2000 kilometers a month and consumes 8L per 100 kilometers, the fuel consumption can be reduced by 26 yuan. In terms of logistics and transportation, the fuel consumption of a single vehicle can be reduced by 656 yuan in the next half month, taking the stele heavy truck which runs 10000 kilometers per month and consumes 38L fuel per hundred kilometers as an example.

For the next round of adjustment, Xu Na, an analyst with Zhuo Chuang, said that in the later stage, it remains to be seen whether crude oil demand can recover. OPEC may consider deepening production reduction to stabilize the oil market, and oil prices are expected to bottom in the near future. However, if the demand recovery is insufficient, it is not ruled out that oil prices will continue to fall. Therefore, at the beginning of the next pricing cycle, the crude oil change rate may still be at a low level, which does not rule out the possibility that the price of domestic refined oil will continue to decline at 24:00 on February 28.