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If 7 yuan is 100 kilometers, how many kilometers can a car with 100 yuan run?
It is said that a car runs 100 km and consumes 7 liters of fuel.

According to the market price, it costs 53.2 yuan to run100km in 7.6 yuan.

100 yuan gasoline mileage:100×100 ÷ 53.2 =187.97km.

The world energy market is not interested in the political system, but is concerned with stability, stability and stability. Obviously, in this respect, oil businessmen and brokers are completely different from western public opinion excited about the situation in the Middle East. At present, there are two things that push oil prices: the present situation and future expectations.

According to the principle of "price adjustment every ten working days" in the domestic refined oil pricing mechanism,1October 20, 2065438+2005, 65438+26, domestic oil prices once again ushered in the price adjustment window. It is estimated that the downward adjustment of gasoline and diesel will be about 360 yuan/ton, equivalent to about 0.26-0.30 yuan per liter. This is the first "13-day losing streak" in the history of refined oil price adjustment.

2016 65438+1October 13 The National Development and Reform Commission decided to further improve the refined oil price mechanism and set the upper and lower limits of regulation. The upper limit of regulation is $0/30 per barrel, and the lower limit is $40 per barrel.

Extended data

1960 in September, representatives of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela met in Baghdad and decided to unite against western oil companies to ensure oil revenue. On June 4th, 65438, the five countries announced the establishment of the Organization of Petroleum Exporting Countries (OPEC).

With the increase of its members, the Organization of Petroleum Exporting Countries has developed into an international oil organization composed of some major oil-producing countries in Asia, Africa and Latin America. The headquarters of OPEC is located in Vienna, Austria. At present, the Organization of Petroleum Exporting Countries aims at ensuring the stability of oil prices in the international oil market by eliminating harmful and unnecessary price fluctuations, ensuring that all member countries can obtain stable oil revenues under any circumstances, and providing sufficient, economical and long-term oil supplies for oil-consuming countries. ?

Members of the Organization of Petroleum Exporting Countries analyze and predict the current situation and market trends, clarify many basic factors such as economic growth rate and oil supply and demand, and then negotiate what adjustments to make in oil policy. For example, at the previous meeting, the members of the Organization of Petroleum Exporting Countries decided to increase or decrease the overall oil production of the organization, so as to maintain the stability of oil prices and provide stable short-,medium-and even long-term oil supplies for consuming countries.

Summary of commonly used institutions and abbreviations in international oil market

When observing the international crude oil market, we often see the abbreviations of professional institutions such as IEA, EIA and the Organization of Petroleum Exporting Countries. Do you know those oil market institutions that can directly affect the oil price trend?

1, Organization of Petroleum Exporting Countries: Organization of Petroleum Exporting Countries, founded in 1960, has 12 member countries, and its oil reserves account for 77% of the world's total oil reserves. It is an international organization that has the greatest impact on international oil prices.

2.IEA: The full name is the International Energy Agency, which is an international organization that coordinates and guides international energy work. Founded in 1974 and headquartered in Paris, France.

3.EIA: us energy information administration, a statistical agency under the US Department of Energy, aims to provide accurate and independent judgment, prediction and analysis for crude oil investors.

4.API: api gravity, an American oil industry organization, provides weekly important data on American oil consumption and inventory level, which was established in 19 19.

5.NYMEX: New York Commodity Futures Exchange, which mainly trades energy products. Trading methods are futures and options trading. ?

Rising oil prices

Although the whole world is paying attention to the situation in the Middle East, there are also views that the political crisis is not the only reason for the soaring oil prices.

The sharp rise in oil prices should be said to be only a market panic, and the structural supply crisis is far from coming. Although the situation in Libya has been confusing. But judging from the whole oil supply structure in the world, Libya's share is not large. The main problem is that the oil price itself is on the inflation track. The bigger reason is speculation. "

Judging from the energy supply at this time, it is more global. In the past, there were several oil crises near the Persian Gulf. Today, Latin America, West Africa and Eastern Europe have all become new energy sources. In 2009, Russia has surpassed Saudi Arabia to become the world's largest producer of crude oil. The share of the Organization of Petroleum Exporting Countries (OPEC) in global crude oil production has also dropped from 565,438+0% in the 1970s to 40% today.

At the same time, Fu Chengyu, chairman of CNOOC, also expressed the view that in the short or long term, the flood of liquidity, the weakness of the US dollar and the expected depreciation of the US dollar will lead to the continuous rise of oil prices, and the era of low oil prices will never return. China should be prepared to deal with long-term high oil prices.

To put it simply, the oil price at this time is not the relationship between rising and falling. When the situation is good, it rises slowly, and when the situation is bad, it rises quickly.

At this time, the main problem comes from market demand, especially the demand of global economic recovery. The daily demand for oil increased by 2.7 million barrels year-on-year, and all major countries were operating at full capacity. The only countries that can provide surplus production are the countries of the Organization of Petroleum Exporting Countries.

According to us energy information administration's data, Saudi Arabia can still have nearly 4 million barrels of excess capacity every day, and the United Arab Emirates and Kuwait add up to nearly 6.5438+0 million barrels. This is similar to OPEC's own claim that it can increase production by 6 million barrels per day.

International oil prices skyrocketed.

International oil prices rebounded sharply on Thursday, with Brent crude oil futures and US crude oil futures both soaring by more than 10%, recovering the huge lost ground during the global market turmoil earlier this week, which benefited from market speculation that Venezuela called for an emergency meeting of the Organization of Petroleum Exporting Countries, the global stock market rebound and the slowdown in supply, which gave birth to a short covering-style rebound.

The Wall Street Journal reported that Venezuela contacted members of the Organization of Petroleum Exporting Countries and urged an emergency meeting with Russia to work out a plan to curb the sharp drop in oil prices.

Brent crude oil futures price closed up 4.42 USD on Thursday, up 10.25% to 47.56 USD/barrel; NYMEX crude oil futures prices in the United States closed up $3.96, or 10.26%, at $42.56/barrel on Thursday. The surge in China's stock market eased the market's worries about the country's economy, and promoted the general rise of commodities after this week's selling. On Thursday, the Shanghai Composite Index closed up 5.3%. On Wednesday, the US stock market broke the trend of falling for six consecutive days, creating the biggest one-day gain in nearly four years. Analysts said that the rise of securities assets supported the general rise of so-called risky assets such as oil and copper.

References:

Baidu encyclopedia/oil price