At the same time as oil prices are generally falling, China imports 500,000 barrels per day, why do oil prices only rise and do not fall?

In recent days, the issue of oil prices has aroused a lot of attention and discussion, because the continuous rise in oil prices has led to an increase
in people's travel costs.
In the past, if a tank of fuel was filled and the cost was about 200 yuan, now it needs 400-500 yuan, which is doubled, and many car owners directly call "can't afford to drive"
.

Nowadays, the international situation continues to ferment, and the price
of crude oil in the world has generally increased.
Most of China's oil is dependent on imports, so the rise in international oil prices has brought great impact
to China.
According to rumors, the current Iranian oil price is only $4 a barrel, and China imports 500,000 barrels a day, but why is the price of gasoline still rising frequently?

First, why is Iranian crude oil cheap?

Affected by international disputes, countries around the world are frantically grabbing oil, so the world's major oil exporters are thinking of taking advantage of the opportunity to raise prices and make a big profit
.
Iran, on the other hand, did the opposite, not only did not raise prices, but lowered oil prices to a low price of $4 a barrel.

The reason why Iran's oil price has a "cabbage price" phenomenon is mainly due to the impact of
the international situation.
Some time ago, the United States announced its withdrawal from the Iranian nuclear agreement and launched various restrictions on Iran, which directly led to the downturn in Iran's own economy and frequent reductions in
crude oil prices.

Secondly, Iran, as a major oil producer, is heavily dependent on oil exports for its revenue, but Iran's oil export earnings have greatly decreased in
the past two years.
At the same time, the US restrictions have led to a sharp depreciation of Iran's currency, the rial, so Z House urgently needs to export oil to increase earnings, and crude oil prices are difficult to rise
.

Such a cheap oil price would normally be robbed by various countries, but it is strange that no other country except China has purchased Iranian oil
.
And despite this, China's oil prices are still only rising, not falling, what is going on?

Second, why China's oil prices continue to rise

According to the first quarter financial statements released by Sinopec, its net profit reached 22.
603 billion yuan, an increase of 24.
5%
year-on-year.
This is undoubtedly good news for companies in the gasoline sector, but it is miserable for working-class car owners
.

It is also because of this that it will arouse the curiosity of car owners, Iranian oil is so cheap at the same time, but also signed an oil import order with our country, the daily import volume of 500,000 barrels is not enough to solve the problem of China's oil rise?

In fact, due to the high pressure restrictions of the United States, China imports a limited amount of crude oil in Iran, only able to import 260,000 tons, a total of 1.
9 million barrels, and on average, only 20,000 barrels per day
.

In addition to the different import volumes, the import price is not 4 US dollars, the price of
Iranian crude oil reached 3330 yuan / ton, and a barrel is also more than 60 US dollars.
It can be seen that the information transmitted on the Internet is not true
.

At present, China's crude oil imports mainly rely on Saudi Arabia, Russia and Iraq, with imports of 21.
47 million tons, 19.
05 million tons and 14.
75 million tons
respectively.
In this comparison, the 260,000 tons imported from Iran are insignificant
.
It is not that our country does not want to buy more, but that Iran has nothing to sell to our country
.

The reason why China chooses to import from many countries is also to prevent changes in the international situation from bringing trouble
to our country.
However, the continuous rise in oil prices has made many car owners afraid to drive on the road again, so is there any way for the country to cope with the current situation of soaring oil prices?

Third, how to stabilize domestic oil prices

At present, China's oil prices have been at a fairly high level, on June 14 this year, the National Development and Reform Commission announced that domestic gasoline and diesel continue to rise in prices, respectively, increased by 390 yuan and 375 yuan per ton, which is the 10th adjustment of oil prices in just half a year, and oil prices have broken through ten
in some areas.

According to this growth rate, if the subsequent cost of crude oil cannot be reduced, I believe that China will take measures to stabilize it
.

The first way to stabilize oil prices is to exploit the existing shale oil
in China.
China's oil reserves are not small, but due to the limited extraction technology in the past, and oil is a non-renewable resource, out of the intention of protecting resources, even if the effective extraction technology is now mastered, there is no large-scale exploitation
.

The second way is that China can open a fiscal and tax policy subsidy to subsidize the current domestic oil price
with fiscal taxation.
This method was implemented in 2008, when the international oil price was as high as 147 US dollars / barrel, and China finally adopted a financial stabilization approach, controlling the oil price at about 7 yuan, alleviating the additional economic expenditure
brought about by the growth of oil prices for the majority of car owners.

summary

On the whole, Iran's crude oil is cheaper, and it can only play a role in the role of a big importer like China, and it is completely impossible to suppress the rise in
oil prices.