International crude oil fluctuates at a high level, oil prices will rise for the sixth time this year

The original question: nailed! International crude oil fluctuates at a high level, oil prices will rise for the sixth time this year

Original source: Sino-Singapore Jingwei

Sino-Singapore Jingwei Client, April 28 (Dong Wenbo) A new round of price adjustment window for domestic refined oil products will open at 24:00 today (28th).

During the current pricing cycle, the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) raised expectations of global oil demand growth, which continued to boost oil prices, and international oil prices remained relatively high.

Zhuo Chuang Information analysis pointed out that the recent epidemics in India and Japan have severely strengthened the blockade, and market participants are worried about the impact of crude oil demand.

Zhongyu Information said that during this cycle, the world’s third largest oil consumer, India, got out of control, and the US Biden administration plans to consider relaxing restrictions on Iran’s oil and financial industries.

Regarding the adjustment range, according to Jinlianchuang’s calculations, as of the ninth working day on April 27, the average price of the reference crude oil product was US$65.

Longzhong Information estimates that gasoline and diesel are expected to increase by about 105 yuan/ton, equivalent to 0.

In terms of retail, Longzhong Information stated that the gasoline prices of 92# and 95# at Sinopec gas stations in Shandong are currently 6.

　　According to the client of Sino-Singapore Jingwei, as of now, refined oil price adjustments have gone through seven rounds during the year, showing a pattern of "five ups, one down and one stranded".

　　According to the "ten working days" principle, the next round of price adjustment window will be opened at 24:00 on May 14, 2021.

　　Jinlianchuang refined oil analyst Ma Jiancai pointed out that in the future, the international market news will still face some risks.

　　Li Yan, an oil product analyst at Longzhong Information, also believes that the epidemic in India and other overseas countries is still severe, and the negotiations on the US-Iranian nuclear issue are still advancing, and it is expected that the next round of refined oil price adjustments is likely to be lowered.