China News Service, December 17th (China News Finance and Economics Ge Cheng) At 24:00 on December 19th, a new round of domestic refined oil price adjustment window will open.
This round of price adjustment will be the "last adjustment" of domestic oil prices in 2022.
After the last round of "two consecutive declines" in refined oil prices, institutions predict that the current round of refined oil prices may continue to fall, and domestic oil prices will show a "three consecutive declines" trend at the end of the year.
Data map: gas station.
Photo by Ge Cheng, Sino-Singapore Finance and Economics
Jiang Na, an oil analyst at Jinlianchuang, said that recently, due to multiple negative factors such as investors' concerns about the Fed's continued aggressive interest rate hike policy, the U.S. Energy Information Administration (EIA) lowering its energy demand forecast, and the increase in refined oil inventories, crude oil futures once "Six consecutive losses".
"As of December 16, there is only one working day left before the price adjustment window. The impact of crude oil fluctuations on the final price adjustment result has weakened. This round of wide retail price reductions is almost a foregone conclusion."
According to agency estimates, as of the ninth working day of the round of refined oil price adjustment cycle on December 16, the average price of reference crude oil varieties is US$76.76 per barrel, with a change rate of -6.84%. It is estimated that domestic gasoline and diesel will be reduced by about 460 yuan per ton , which is equivalent to a reduction of 0.34-0.38 yuan per liter for gasoline and diesel.
The previous price adjustments of domestic refined oil in 2022.
(Data source: National Development and Reform Commission)
Zheng Mingya, a refined oil analyst at Zhuo Chuang Information, believes that the market is more worried about the risk of economic recession, and the Keystone pipeline, the "main artery" of oil transportation between the United States and Canada, has been restored one after another, putting pressure on international crude oil prices.
"Looking at next week, international oil prices may fluctuate in a wide range." Jiang Na believes that in the medium and long term, China's energy demand is expected to be good. Demand will grow, and crude oil futures may usher in "three consecutive rises" in the future.
(Finish)