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What are the main reasons for the skyrocketing domestic oil prices?
International crude oil closed up in a narrow range, as the optimistic signal of Saudi Arabia's firm production reduction and slowing trade friction provided effective support for oil prices. The futures price of light crude oil for delivery in the New York Mercantile Exchange rose by 0.30 USD to 57.26 USD per barrel, or 0.53%. London Brent crude oil futures for delivery rose 0.05 USD to close at 67. 12 USD per barrel, with an increase of 0.07%. Oil rose by 90 yuan per ton, and diesel rose by 85 yuan per ton. National average: 92 # gasoline rose by 0.07 yuan per liter; No.95 gasoline rose by 0.07 yuan per liter; No.0 diesel oil rose by 0.07 yuan per liter.

According to the estimation of 50L capacity of the fuel tank of a general family car, it will cost more 3.5 yuan to fill a tank of 92 # gasoline.

Regarding this price increase, PetroChina said that the international oil price maintained a volatile upward trend. In the first half of the year, countries began to introduce COVID-19 vaccine, which made the market optimism continue to ferment. OPEC+reached a follow-up production reduction agreement, boosted by multiple positive news, and oil prices rebounded to the highest point since March this year.

Considering that vaccines in Europe and America are still actively promoted in this pricing cycle, the market is optimistic about the new fiscal stimulus policy reached by the United States, which has boosted the atmosphere of the crude oil market.

In addition, on the supply side, government officials of relevant oil-producing countries reiterated their commitment to the OPEC+agreement at the recent meeting, saying that they would support the oil market to stabilize or limit the downward space of international oil prices. On the whole, favorable factors occupy a dominant position in this pricing cycle.

Up to now, oil prices have undergone 25 adjustments during the year. Eight up, five down, twelve stranded? Pattern, in which the price of gasoline is reduced per ton 1295 yuan, and the price of diesel is reduced per ton 1250 yuan.

Judging from the situation, oversupply is still the main tone of the crude oil market, demand recovery is greatly affected by epidemic prevention and control, and there are still great variables in the price trend. Specifically, OPEC+'s production reduction policy will continue to support oil prices, and the gradual expansion of the vaccination population will further boost market optimism; However, shale oil production is growing strongly, and the recovery process of crude oil demand will still face the risk challenge of epidemic situation, especially mutant virus.