Can oil prices return to the 6 yuan era? It won't be possible in the short term. 1. From a development perspective, it is impossible for oil prices to return to the 6 yuan era. After all, there are three factors that determine oil prices. One is oil supply, the other is changes in market consumption of oil, and the third is currency factors. In other words, it is impossible to return to the era of 6 yuan oil price. 2. Regarding the current oil price adjustment, it is basically impossible to return to the six-yuan era. my country’s oil prices have been rising more than falling. Although it has experienced six declines, the decline has only exceeded There is still a big gap between the one yuan per liter and the three yuan increase in the first half of the year. Therefore, instead of waiting for oil prices to drop completely, car owners should fundamentally solve the problem of car fuel consumption. 3. After the outbreak of the Russo-Ukrainian war, Russia, an important oil producing and exporting country, was forcibly expelled from the international bulk market, causing international oil prices to rise. Although the United States has abundant shale oil resources, it once relied on shale oil to lower the international crude oil price ceiling to US$120 per barrel. However, the current pressure of inflation and interest rate hikes in the United States is high, giving shale oil producers no incentive to expand production. Without expansion, crude oil prices cannot be stabilized. Brothers in the Middle East are holding crude oil reserves and waiting to see what happens. OPEC has not yet relaxed on its oil production reduction plan and is waiting to negotiate terms with the other side of the Pacific. Under such domestic and international conditions, if domestic oil prices want to return to the 6 yuan era, unless there is a major change that causes global oil demand to shrink rapidly and significantly, just like when the epidemic first broke out in 2020, and then international crude oil prices plummeted, but this is obviously It's impossible.
Can oil prices return to the era of 6 yuan?
Oil cannot return to the era of 6 yuan yet. Since entering 2021, oil has been affecting the hearts of car owners. Due to various influences, domestic refined oil products are generally on the rise, which has increased everyone's travel costs a lot.
According to official statistics, as of August 17, 2021, my country's refined oil prices have been adjusted 15 times a day, with 10 rising, 2 falling, and 3 stranded. Moreover, data provided by Oriental Fortune Network shows that at the beginning of 2021, 95-proof gasoline in many areas of our country was still at a level of 6.4 per cent.
According to the news released by Xinhuanet, international oil showed a decline on August 12, 13, and 16, and what is gratifying is that on August 16, international oil ushered in a decline. dropped significantly.
London Brent crude oil futures for October delivery closed at 69:51 per barrel, down 1:08. It can be seen that the international oil situation is very good, which is undoubtedly good news for us, because with the continuous setbacks in national oil prices, by August 23, the relevant departments of our country may lower the price of oil.
Many people dare not even think about the return of domestic refined oil products to the 6 era. After all, the majority of car owners have experienced too many oil increases this year. Under such circumstances, it would be a blessing if oil could no longer rise. How dare we expect oil to return to the 6 era?