Chen Rui, deputy director of the Petroleum Market Research Institute of China Petroleum (4.460, 0.00, 0.00%) Economic and Technological Research Institute, pointed out that the main problem of this mechanical passive adjustment is that it can't reflect the changes in the supply and demand of domestic refined oil, which makes the price set by the government often deviate greatly from the market. Crude oil futures trading can reflect the expectation, demand and production cost of market micro-subjects, and has the function of price discovery. Therefore, the development of domestic crude oil futures trading is helpful to form a barometer of domestic oil supply and demand. If the crude oil futures trading is mature, it will also be conducive to the introduction of later refined oil futures trading varieties and promote the reform of domestic refined oil pricing mechanism.
Expanding knowledge This is the third increase in the price of refined oil in China this year. According to the reporter's understanding, after the price adjustment, it will cost 6.5 yuan more to fill a tank of oil for an ordinary private car with a fuel tank capacity of 50L. ?
Is the oil distribution high and narrow?
The rebound in the number of active oil drilling in the United States is not good for the oil market, and international oil prices have begun to fall. However, with the geopolitical news and the unexpected decline in US crude oil inventories, international oil prices showed a volatile upward trend.
On March 2 1 day, the data released by American Energy Information Association (EIA) showed that as of the week of March 16, US crude oil inventories decreased by 2.62 million barrels to 428 1 100 million barrels, and the market had expected to increase by 2.56 million barrels.
In addition, on March 23, Saudi energy officials said that OPEC member countries need to continue to coordinate supply restriction measures with Russia and other non-OPEC oil-producing countries in 20 19 to reduce global oil stocks.
This news is a powerful boost to oil prices, and Brent crude oil once again stands at the $70/barrel mark. As of the close of March 23rd, the futures price of light crude oil for May delivery in the New York Mercantile Exchange rose by $65,438+$0.58 to close at $65.88 per barrel, with an increase of 2.46%. London Brent crude oil futures for May delivery rose 1.54 USD to close at 70.45 USD per barrel, with an increase of 2. 19%.