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    Home > Chemicals Industry > Petrochemical News > Hope and Hope! After seven consecutive increases, oil prices will meet the first sharp decline this year

    Hope and Hope! After seven consecutive increases, oil prices will meet the first sharp decline this year

    • Last Update: 2023-03-01
    • Source: Internet
    • Author: User
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    At 24:00 on April 15 (Saturday 0:00), a new round of oil price adjustment window is about to open, and after 7 consecutive rises, this round may usher in the first downward adjustment
    of this year.

    During the current round of price adjustment cycle, the international crude oil market traded in the bearish factors of short-term oil prices, the anxiety of the new crown pneumonia epidemic, and the release of crude oil reserves by the US Energy Information Administration (EIA) and the imbalance between supply and demand in the crude oil market, and oil prices fell into adjustment
    , continuing last week's decline.

    On Monday (April 11), EU officials held talks with OPEC representatives
    .
    The OPEC secretary-general said the current sharp volatility in the market was caused by "non-fundamental factors" outside of OPEC's control, suggesting that the organization would not increase production
    .

    On the evening of April 13, EIA announced that it would lower its local production growth forecast for this year and next; Meanwhile, U.
    S.
    API data came out, and the change in API crude oil inventories for the week ended April 8 was 7.
    757 million barrels, the largest increase
    since the week of March 5, 2021.

    Multi-faceted influence, international oil prices ended the decline, New York futures oil back to the $100 mark
    .

    As of April 13, the 8th working day of the current round of refined oil pricing cycle, for the upcoming adjustment day, the sharp rise in international oil prices is not enough to make domestic oil prices "turn from falling to rising"
    .

    According to the agency's calculations, it is expected that this time it will be reduced by 610 yuan / ton, equivalent to about
    0.
    5 yuan per liter.
    According to the calculation of 50L fuel tank, filling a tank will save about
    25 yuan.
    According to the reporter, this round is the 7th price adjustment in 2022, after the price adjustment, the price adjustment of refined oil products in 2022 will show a pattern
    of "6 up, 1 down and 0 stranded".

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