For the first time in history!

At 24:00 today (3rd), the second domestic oil product price adjustment window in the Year of the Ox will open.

In February, Saudi Arabia voluntarily reduced production on the basis of the OPEC+ alliance's production reduction agreement, and OPEC oil production fell.

As of the early morning of March 2, Beijing time, the price of light crude oil futures for April delivery on the New York Mercantile Exchange fell by US$0.

According to Reuters' Chinese website, OPEC will meet on Thursday and may discuss allowing crude oil production of up to 1.

At 24:00 on the 3rd, domestic refined oil prices will be adjusted for the second time after the Spring Festival.

Longzhong Information analyst Li Yan pointed out that once the oil price increase is implemented, it will become the first "eight consecutive increase" of the current price adjustment mechanism since its implementation in the spring of 2013.

Zhongyu Information estimates that at 24:00 on March 3, the retail prices of domestic gasoline and diesel will be increased by 270 yuan and 265 yuan per ton, respectively.

Sino-Singapore Jingwei Client noticed that domestic refined oil prices will end in a "four consecutive rises" in 2020.

　　March 2021 will experience three price adjustment window periods, namely March 3, March 17, and March 31.
The next round of price adjustment windows will open at 24:00 on March 17.
Li Yan predicts that OPEC+ may increase production slightly, and Saudi Arabia may cancel additional production cuts.
It is expected that the next round of refined oil price adjustments will have a greater probability.

　　Jin Lianchuang analyst Jiang Na believes that in terms of market outlook, international crude oil futures mainly fluctuate at a high level, and the rate of change runs in a positive range.
After this round of "eight consecutive rises" is fulfilled, the expectation of "nine consecutive rises" remains.
At the same time, starting this month, some Shandong local refineries and main refineries will enter the planned maintenance phase, and the market resource supply will be relatively reduced.
As the epidemic is effectively controlled and the temperature gradually warms up, downstream demand for refined oil is improving.
Jiang Na said that, in summary, the market's favorable factors are relatively concentrated, and the domestic gasoline and diesel prices continue to rise.
(Xiong Jiali)

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