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Saudi Arabia raises the price of crude oil exported to Asia, will domestic oil prices rise again?
The increase in the price of imported crude oil will lead to a sharp increase in domestic oil prices.

A large number of Saudi crude oil resources are imported into China every year, which makes the crude oil trade between China and Saudi Arabia very close, so the fluctuation of Saudi crude oil price will also have a direct impact on the oil price in China. Due to the rising cost and price of crude oil, there is bound to be higher cost in the process of refining crude oil. The purpose of raising oil price is to adapt to the fluctuation of international oil price. But in the long run, I don't think the price increase of Saudi crude oil will bring more unstable factors to domestic oil prices.

First, the rise in domestic oil prices also has a certain relationship with economic recovery. When the economy recovered rapidly, fuel prices also returned to normal levels. Because the economic recovery stage needs a lot of oil resources as support, it also makes the domestic crude oil consumption much larger than that in the economic downturn. Therefore, in order to alleviate the supply pressure of oil resources, properly adjusting oil prices can also avoid the problem of energy shortage.

Second, Saudi Arabia's upward adjustment of crude oil prices will only cause short-term fluctuations. Saudi crude oil prices will not remain high all the time, because maintaining high prices will also reduce the competitiveness of Saudi crude oil. Therefore, the price of Saudi crude oil will be appropriately adjusted according to changes in the domestic and international situation and changes in the global economy. Only in this way can Saudi crude oil always get the maximum benefit. Moreover, Saudi crude oil is not the only energy channel for China, so China will not be afraid that the rising price of Saudi crude oil will cause a major blow to the economy.

Third, domestic oil prices will only rise protectively. Although many people complain that domestic oil prices can't keep up with the decline of international oil prices, when foreign oil prices rise, the rising range and frequency of domestic oil prices can't keep up with the rising range of international oil prices. Therefore, the rise of domestic oil prices will only be changed and adjusted according to the domestic economic development, and there is no need to worry about the sharp rise of domestic oil prices.

Of course, for consumers, maintaining low oil prices for a long time will have many benefits to our lives, but low oil prices will also have a great impact on the development and recovery of the global economy. Because the long-term downturn in global oil prices means that the global economy is already in a very bad state.