Sino-Singapore Jingwei client May 14th According to the National Development and Reform Commission website on the 14th, as of May 13th, the average price of crude oil in the international market for the first 10 working days where domestic refined oil prices are anchored is less than $ 40 per barrel. According to relevant regulations, the price of gasoline and diesel will not be adjusted this time, and the unadjusted amount will be fully included in the oil price control risk reserve, and the full amount will be turned over to the central treasury.
Why is the international oil price lower than US $ 40 / barrel? According to the "Petroleum Price Management Measures" issued by the National Development and Reform Commission on January 13, 2016: "When the crude oil price in the international market is lower than US $ 40 per barrel (inclusive), the refined oil is calculated at the crude oil price of US $ 40 per barrel and the normal processing profit rate. Price. "US $ 40 per barrel is the so-called" floor price ".
The Sino-Singapore Jingwei client card found that since this year, domestic refined oil prices have undergone nine adjustments, six strandings and three downward adjustments. The prices of gasoline and diesel have been reduced by 1,850 yuan / ton and 1,780 yuan / ton respectively. Among them, starting from the price adjustment window on March 31 at 24:00, domestic refined oil prices have been stranded for four consecutive times because the crude oil price in the international market is lower than US $ 40 per barrel.
Recently, international oil prices have shown a slow recovery. According to Reuters, Saudi Arabia will voluntarily increase its efforts to cut oil production from June. The report quoted an official from the Saudi Ministry of Energy as saying that Saudi Arabia ’s goal is to encourage OPEC + and other oil-producing countries to abide by their own production cuts through this additional production cut, and to voluntarily reduce production in an effort to support the stability of the global oil market.
On May 13, local time, OPEC (Organization of Petroleum Exporting Countries) released its latest monthly report. The report believes that some OPEC member countries recently announced a further reduction in production, which is expected to accelerate market rebalancing and increase demand for OPEC crude oil in 2020.
The next price adjustment window will open at 24:00 on May 28. Regarding the market outlook, Zhuo Chuang Information analyst Zhang Zhaoxin believes that recently, boosted by oral production cuts in Saudi Arabia, the United Arab Emirates and other countries, international crude oil prices have repeatedly gone out of the short-term rapid rise in the weak trend, but in the context of weak demand, After the price of crude oil rises, it is difficult to stand firm and continue to rise. On the contrary, under the pressure of bullish exits and short sales, crude oil prices tend to fall quickly. In the short term, the international economic environment is difficult to improve, the weak international crude oil market will continue, and it is difficult to get out of the domestic floor prices. (Sino-Singapore Jingwei APP)