China News Service, September 6 (Zhongxin Finance and Economics Ge Cheng) After experiencing a wave of "five consecutive declines", oil prices are going to rise again?

　　At 24:00 on September 6, a new round of domestic refined oil price adjustment window will open.

Affected by changes in international oil prices, domestic refined oil prices may end the falling trend and usher in the first increase in the second half of the year.

Data map: Gas station.

Photo by Liu Yanghe of China-Singapore Finance and Economics

　　Wang Shan, a refined oil analyst at Jinlianchuang, said that since this round of pricing cycle, international crude oil prices have risen first and then dropped.

Initially, the market expected the Organization of the Petroleum Exporting Countries (OPEC) to cut output if necessary to support prices.

In addition, factors such as the reduction of crude oil inventories of the US Energy Information Administration (EIA), the prospect of US-Iran nuclear talks, and the conflict in Libya have boosted oil prices to fluctuate higher.

　　The agency estimates that as of the ninth working day of the oil product price adjustment cycle on September 5, the average price of the reference crude oil varieties is 95.44 US dollars per barrel, with a change rate of 3.33%. It is expected that the domestic gasoline and diesel will increase by 190 yuan per ton, equivalent to Gasoline and diesel will be increased by about 0.15 yuan per liter.

After the current round of oil price adjustment, 95 gasoline in some areas may return to the "9 yuan era".

The previous price adjustments of domestic refined oil products in 2022.

(Data source: National Development and Reform Commission)

　　"In terms of the market outlook, the turbulent situation in oil-producing countries has made crude oil supply full of variables, supporting oil prices to a certain extent." Luo Meijuan, an oil product analyst at Jinlianchuang, said, however, the continued interest rate hikes in developed economies have further worried about economic recession. Intensified, the resulting concerns about the demand for crude oil will also heat up, or cause oil prices to run under pressure.

　　"There are still many uncertainties in oil prices, and the real market demand will remain high." Zhou Dadi, executive vice chairman of the China Energy Research Association, said that in the context of the global economic downturn, oil producers are facing certain pressures. It can also further promote its active production.

(Finish)

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