The exact time of this round of18th national oil price adjustment is 24: 00 on September 2, 2022, and it will be implemented from 0: 00 on September 22. At that time, the official notice of the National Development and Reform Commission shall prevail. The disadvantage is that the international crude oil rose by nearly 4% in early September 10, which may make the adjusted volume stop falling in the next statistical window, although this will not offset all the decline. The oil price statistics will be completed in seven working days (September 2 1), and crude oil prices will continue to rise like this, not to mention the 400 yuan/ton falling by 500.
However, since the second half of this year, influenced by the release of strategic oil reserves by the United States and other countries and some commitments made by OPEC+,international crude oil futures prices have gradually cooled down. Russian President Vladimir Putin has threatened to stop exporting oil and natural gas to Europe if the price cap is implemented. This week, the Organization of Petroleum Exporting Countries (OPEC+) and its allies (the so-called OPEC+) announced a small-scale production reduction plan, which also supported oil prices.
Domestic refined oil prices followed closely, ending the continuous upward trend and realizing the "five-day losing streak" trend during the year. The price of gasoline and diesel oil dropped sharply, and the prices of No.92 gasoline, No.95 gasoline and No.0 diesel oil dropped sharply, which made some car owners see hope again. As of the close of the day, the futures price of light crude oil for the New York Mercantile Exchange 10 delivery rose by 3.25 US dollars to close at 86.79 US dollars per barrel, with an increase of 3.89%; Brent crude oil futures for June delivery in London, England 1 1 rose 3.69 USD to close at 92.84 USD per barrel, with an increase of 4. 14%.
Of course, for the rebound of international oil prices, it is precisely Russia's threat to cut off the supply to any country that supports the ceiling of crude oil prices, the slight reduction of production by the Organization of Petroleum Exporting Countries and its allies, and the weak prospect of oil production growth in the United States, indicating that the potential supply in the oil market is still tight and the decline in oil prices has been curbed.
On the whole, at present, the international oil price has fallen below the support level, which may have a negative traction on the domestic market. However, this is also a short-term market, so it is not excluded that OPEC+will further reduce production. In August, the output of OPEC+was still far below the production target. In August, the output of OPEC+oil producing countries only increased by 30,000 barrels per day, which was significantly lower than its total output target of 3.4 million barrels per day. There are other damages and the impact of sanctions on Russia. The crude oil output of some countries is far below the target, while OPEC+is trying to catch up with the production target.