China News Service, August 23 (Zhongxin Finance and Economics Ge Cheng) At 24:00 on August 23, a new round of domestic refined oil price adjustment window will open.
Affected by the fluctuation of international oil prices, domestic refined oil prices are expected to usher in a "five-straight decline", which will also be the sixth time this year.
Lu Qiaohui, a refined oil analyst at Jinlianchuang, said that since the middle and late June, the trend of international oil prices has weakened, and the overall market has fallen significantly compared with the first half of the year.
Affected by the fall in international crude oil prices, the retail price of domestic refined oil products also fell from a high level.
Recently, international crude oil futures have shown a downward trend, and the market's concerns about the outlook of the economy and demand are still the main factors leading to the decline in oil prices.
Meanwhile, expectations for slower growth in energy demand have also put pressure on oil prices.
The agency calculates that as of August 22, on the ninth working day of this round of refined oil price adjustment cycle, the average price of reference crude oil varieties is 93.34 US dollars per barrel, with a change rate of -4.06%. It is expected that domestic gasoline and diesel will be reduced by 210 per ton. Yuan, equivalent to gasoline and diesel down by about 0.2 yuan per liter.
After this round of oil price adjustment, No. 95 gasoline is expected to return to the "8 yuan era".
Data map: Gas station.
Photo by Ge Cheng of China-Singapore Finance
According to Xi Jiarui, a refined oil analyst at Jinlianchuang, due to the risk of supply chain disruptions, the global energy system has once again been severely tested.
If the energy crisis in Europe continues to escalate, it will eventually affect the crude oil market and support oil prices.
Lu Qiaohui also expressed the same view, "The increase in demand for oil for power generation due to the high temperature in summer and the surge in natural gas prices will partly offset the weak demand caused by economic recession fears. In addition, the International Energy Agency (IEA) will continue to Higher demand growth expectations in China are providing some support for oil prices.”
In the long run, international oil prices will remain high and volatile.
Lin Boqiang, director of the China Energy Economics Research Center of Xiamen University, said in an interview with Zhongxin Finance, "Unlike the previous Russian-Ukrainian conflict market's concerns about crude oil supply, this round of international oil prices fell, mainly due to the Fed's interest rate hike, which intensified the market. Concerns about the demand for crude oil. But because the price of natural gas is very high, the decline in oil prices will not be very large.” (End)