Oil prices may rise for the fourth time in a year, and it is expected that the next round of price adjustment will run aground

category:Finance
 Oil prices may rise for the fourth time in a year, and it is expected that the next round of price adjustment will run aground


New longitude and latitude in the data map

Zhuo Chuang information pointed out that although demand is still a problem of concern to the market, the strong US dollar and the forecast of US crude oil inventory decline and other good news drove the market, and the overall international crude oil showed a volatile upward trend. Driven by this, the rate of change is in a positive range and rising.

According to the principle of one adjustment in ten working days. According to Zhuo Chuang information analysis, it is now the ninth working day. As the calculation range has far exceeded the adjustment red line of 50 yuan / ton, the retail price limit of oil products in this round will be increased.

Longzhong information pointed out that the rate of change in this round of price adjustment basically shows positive fluctuation. It is estimated that the corresponding theoretical increase range of domestic refined oil price adjustment on October 22 will be about 100 yuan / ton.

China New Zealand Jingwei clients have noted that since this year, the price of domestic oil products has experienced 19 adjustments, including 12 grounding, 4 downward adjustments and 3 upward adjustments. The prices of gasoline and diesel have been reduced by 1860 yuan / ton and 1790 yuan / ton respectively. Among them, there were six times that the floor price protection mechanism could not be adjusted due to triggering. If the expected increase is fulfilled, the domestic oil price will rise for the fourth time in the year.

It is expected that the next round of price adjustment will run aground

The Joint Ministerial supervisory committee of the organization of Petroleum Exporting Countries (OPEC) and non OPEC oil producing countries held a regular meeting on the 19th. Analysts believe that the recent deterioration of the new crown epidemic in many countries, the international crude oil market demand may be weak again, at the same time, Libyas crude oil production is rapidly recovering, leading to an increase in market supply. In this context, major oil producing countries may adjust their production reduction policies to stabilize oil prices. Liu Ting, an analyst with Longzhong information, pointed out that in the winter, gasoline and diesel demand has entered a slow downward phase, and the demand boost is weak, but the price of gasoline and diesel still has strong support. In terms of export, the export of refined oil in the first half of the year is relatively slow, and the export pace may be accelerated in the fourth quarter, which can alleviate the pressure of excess supply of domestic gasoline and diesel to a certain extent. The next round of price adjustment window will open at 24:00 on November 5. Li Yan, an analyst with Longzhong information, believes that the international crude oil market has been affected by the increasingly severe overseas epidemic situation in the near future, and the upward trend is weak. It is expected that the next round of price adjustment of refined oil will be stranded. (Zhongxin Jingwei APP) source: Chen Hequn, editor in charge of China News Network_ NB12679

The Joint Ministerial supervisory committee of the organization of Petroleum Exporting Countries (OPEC) and non OPEC oil producing countries held a regular meeting on the 19th. Analysts believe that the recent deterioration of the new crown epidemic in many countries, the international crude oil market demand may be weak again, at the same time, Libyas crude oil production is rapidly recovering, leading to an increase in market supply. In this context, major oil producing countries may adjust their production reduction policies to stabilize oil prices.

Liu Ting, an analyst with Longzhong information, pointed out that in the winter, gasoline and diesel demand has entered a slow downward phase, and the demand boost is weak, but the price of gasoline and diesel still has strong support. In terms of export, the export of refined oil in the first half of the year is relatively slow, and the export pace may be accelerated in the fourth quarter, which can alleviate the pressure of excess supply of domestic gasoline and diesel to a certain extent.