Seven straight up!!

2022-06-09 0 By

According to the National Development and Reform Commission (NDRC), a new round of refined oil price adjustment window will open at 24:00 today.It would be the seventh straight rise since 24:00 on Dec. 31, 2021.According to the National Development and Reform Commission price monitoring center monitoring, this round of refined oil price adjustment cycle (March 17 – March 30) international oil prices rose by shock.On average, London Brent and New York WTI prices rose 1.4% from the previous price adjustment cycle.Affected by this, domestic gasoline, diesel retail prices subsequently up.According to the National Development and Reform Commission (NDRC), the price of gasoline and diesel will be raised by 110 yuan per ton.The national average: 92 gasoline increased by 0.09 yuan per liter;95 gasoline increased by 0.09 yuan per liter;No.0 diesel will be raised by 0.09 yuan per liter.The reporter calculates an account to everybody, estimate by 50L capacity of oil tank of general household car, fill a box 92 gasoline, will spend 4.5 yuan more.Oil prices will remain volatile in the near term as a rebound of COVID-19 in some regions dampened demand during the price adjustment cycle.But there is no sign of a ceasefire in the Conflict between Russia and Ukraine, and the market is worried about a new round of sanctions by Europe and the United States.Saudi Arabia and the United Arab Emirates said they would stick to their current production policies and would not increase production.In addition, storm-damaged black Sea pipeline berths and an attack on a Saudi oil facility added to concerns about a supply decline.Under the influence of supply and demand factors, the overall price of oil shows a large shock trend.On average, London Brent and New York WTI prices rose 2.27 percent and 0.53 percent, respectively, from the previous price adjustment cycle.The price monitoring center of the National Development and Reform Commission expects that in the short term the oil price will still be volatile.The prospect of russia-Ukraine negotiations is still a great variable, and the market’s worries about tight crude oil supply have not been fundamentally alleviated.Speculative capital, taking advantage of geopolitical factors to speculate, has also increased the uncertainty of oil prices.A list of changes in oil prices during the year (according to cover news)