Xinhua News Agency: gasoline and diesel prices rise or down more than 1 corners

Price diesel oil international oil price investment

xinhuashe· 2016-08-04 16:31:20

Xinhua news agency, Beijing, August 3

: gasoline and diesel prices per liter or cut more than 1 angle

Xinhua News Agency reporter Anbei

domestic gasoline and diesel prices or will usher in this year for the first time two losing streak". August 4th is the "window" of refined oil price adjustment". Market forecast, due to the international market price of crude oil prices continued to decline in the international market, in the last round of price adjustment cycle on the basis of price reduction, gasoline and diesel prices will be further lowered by more than 1 corners.

Xinhua news agency, the oil price system released in August 3rd data show that in August 2nd the average price of a basket of crude oil price change rate of -6.54%. According to this measure, gasoline and diesel prices will be lowered by about 180 yuan per ton. August 3rd is the ninth working day of the valuation cycle.

down if the trip, will be the third year of gasoline, diesel prices down, it may be the largest reduction of the magnitude of the. The national development and Reform Commission, the price monitoring center released the report, the current round of price adjustment period, the international crude oil market supply continues to excess inventories continue to rise, oil consumption low, these factors have led to international crude oil prices continue dropping.

from the supply side, the number of active drilling rigs in the United States has increased for fifth consecutive weeks, the organization of petroleum exporting countries to increase production, increase exports, both international crude oil prices bring downward pressure. From the inventory data, the U.S. energy information administration data released in July 20th, crude oil inventories reached 520 million barrels, has reached the highest level over the same period 10 years; then a week, then inventories increased 1 million 670 thousand barrels for the past 3 months, the biggest weekly increase, crude oil stocks to new highs. At the same time, the highest level since 2009, the highest level of floating warehouses. Finished oil storage is not optimistic, although it is the United States in the peak summer travel, but the gasoline inventory does not fall back up, the market demand in the doldrums feature is obvious.

affected by this, after entering the July, the international oil prices continue to fall, Brent, WTI crude oil futures prices fell 14.5% and 13.9%, respectively, the largest single month decline in the year. WTI oil prices fell below $40 a barrel.

market agency JOYOU information said, by the impact of supply surplus and other negative factors, the international crude oil futures market investment sentiment is quite low. The market worried about international oil prices or further dropping low.

our country at the end of March 2013 after the completion of the refined oil price formation mechanism. According to the new mechanism, the domestic gasoline and diesel price according to the international market of crude oil price changes every 10 working days adjusted once, when the price rises less than 50 yuan per ton, not adjusted, when incorporated into the next price adjustment cumulative or offset.

in January 13th this year, the national development and Reform Commission announced that the domestic refined oil price mechanism to set the lower limit, that is, when the international market price of oil below $40 a barrel, the highest retail price of gasoline and diesel is not reduced. JOYOU information analysis, the current international crude oil spot prices approaching $40 a barrel, the price adjustment period is expected to become uncertain.

national development and Reform Commission, the price monitoring center of the analysis that the current international market crude oil surplus situation will continue. With the end of the northern hemisphere summer oil peak, gasoline consumption will decline, the international oil prices have further downward pressure. But in July the international oil prices fell fast, large, short-term technical rebound may be.

according to the Xinhua news agency price system data, as of the end of June this year, China's refined oil storage compared with the end of December last year increased by more than 13%. Market analysis believes that the current slowdown in China's economic growth, the demand for refined oil continued to slump, slow inventory digestion. Sufficient resources and sluggish market demand will continue to suppress the price of domestic refined oil.

so far this year, gasoline and diesel prices have experienced 14 adjustment period, including 2 down, raised 4 times, 2 times due to the price adjustment amount less than 50 yuan per ton, 6 times for "stranded" international oil prices below $40 a barrel floor price adjustment. Since this year, the cumulative increase in gasoline prices 310 yuan per ton, diesel prices cumulative increase of 300 yuan per ton.

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