The increase in China's crude oil imports is the key driving force for the recovery of crude oil prices in recent months. But also an important place to keep rising. The recent rebound in the stock market has reflected the improvement in the momentum of economic recovery. However, people are increasingly worried that independent refineries in China will cut their purchases by 40% in September and 10. According to statistics, in August, China's crude oil imports further decreased to1180,000 barrels per day, far lower than the level in June, but increased by 12.6% compared with the same period last year.
With the end of the summer driving season in the United States, the global economic recovery still needs a period of evaluation to predict the further situation. China's crude oil import volume will become an important signal of future market standards. If China's crude oil imports drop sharply, it will inevitably affect the trend of the stock market. There is no doubt that the global crude oil price will be under great pressure. In addition, as China starts to use its own crude oil, the downward pressure on prices will further intensify.
According to market observation, crude oil futures prices fell to the lowest level in the past three months, and the uncertainty of China's demand aggravated the uncertainty of energy consumption prospects. The large-scale outbreak of global epidemic this year is the direct cause of the decline in the import price of refined oil. In order to prevent the spread of the epidemic, the policy of stopping production and delaying the resumption of production has led to the closure or suspension of domestic refined oil terminal enterprises. Reduce the traffic flow on the vehicle. As far as the whole country is concerned, the demand has also become relatively dull. Undoubtedly, it has also brought a lot of pressure to the export of refined oil.