Fifth up in the year! Domestic oil price will be increased to fill up one box or spend 5.5 yuan more

category:Finance
 Fifth up in the year! Domestic oil price will be increased to fill up one box or spend 5.5 yuan more


During the period, although the international oil price fell down and adjusted, the decline was small. The overall crude oil price rose, and the US oil and distribution oil stood at $40 / barrel again. Among them, on November 11, US Eastern time (Wednesday), the highest oil distribution plate reached $45.30/barrel, which was the first time since the beginning of September to break through the integer level of $45 / barrel.

Novel coronavirus pneumonia continues to continue in November 17th, according to Reuters Chinese News Network November 17th. A new OPEC+ outbreak is still under way. In support of oil prices, OPEC and its allies, including Russia, are inclined to postpone the next second months of January for at least another month. It was previously reported in October that Saudi Arabia and other oil producing countries had discussed this.

It is reported that OPEC + plans to increase oil production by 2 million barrels / day from January next year, accounting for about 2% of global consumption. However, with the weakening of fuel demand, OPEC + has been considering delaying production increase or even further reducing production. Algeria, which currently holds the rotating chair of OPEC, supports the extension of the existing production reduction scale, while Saudi Arabia, the largest exporter, said that the OPEC + production reduction agreement may be fine tuned.

The Algerian Energy Minister said in an industry event recently that opec+ may extend its current production reduction plan to 2021 if market conditions require, or further increase its production reduction.

Domestic oil prices are expected to rise fifth in the year

Zhongyu also predicted that, as of November 18, on the 9th working day of this round, the crude oil price was 41.511, 2.84 or 7.34% higher than the benchmark price, with a corresponding range of 140 yuan / ton. It is tentatively estimated that the retail price limit of refined oil will be increased by 140 yuan / ton at 24:00 on November 19.

Zhongyu information pointed out that the travel cost of car owners will also increase significantly. According to the current published range, it is estimated that a full tank of gasoline will cost 5.5 yuan more for private cars based on the capacity of 50L of ordinary fuel tank.

In terms of retail, Longzhong information said that at present, the prices of 92% and 95% gasoline at Sinopec gas stations in Shandong are 5.41 yuan / L and 5.81 yuan / L respectively. This round of retail price increase may be around 0.11 yuan / L. private owners can fill up their fuel tanks before this Friday. In terms of gas station retail, the preferential policies are still continuing, and there are great differences among different regions. The retail price of gasoline in private gas stations is 0.4-0.6 yuan / L lower than that of main gas stations, and the preferential power of some stations can reach 1.2-1.3 yuan / L during the activities. According to the principle of ten working days, the next round of price adjustment window for domestic refined oil is 24:00 on December 3. Li Yan, an oil analyst with Longzhong information, predicts that the international crude oil market will be more likely to rise in the next round of refined oil price adjustment, supported by the favorable support of OPEC + which may delay the current production reduction. Source: surging news editor: Chen Hequn_ NB12679

In terms of retail, Longzhong information said that at present, the prices of 92% and 95% gasoline at Sinopec gas stations in Shandong are 5.41 yuan / L and 5.81 yuan / L respectively. This round of retail price increase may be around 0.11 yuan / L. private owners can fill up their fuel tanks before this Friday. In terms of gas station retail, the preferential policies are still continuing, and there are great differences among different regions. The retail price of gasoline in private gas stations is 0.4-0.6 yuan / L lower than that of main gas stations, and the preferential power of some stations can reach 1.2-1.3 yuan / L during the activities.

According to the principle of ten working days, the next round of price adjustment window for domestic refined oil is 24:00 on December 3. Li Yan, an oil analyst with Longzhong information, predicts that the international crude oil market will be more likely to rise in the next round of refined oil price adjustment, supported by the favorable support of OPEC + which may delay the current production reduction.