The sharp rise in international oil prices can not hinder the advance of oil prices back to the "6 eras"

The international oil price rose sharply to US$87.66 per barrel on the 3rd, and the Brent crude oil price in the North Sea closed at US$100.68 per barrel. It is the first time since May 31 that it has returned above 100 US dollars. Although the rise in international oil prices will bring some boost to domestic refined oil products, the prices of gasoline and diesel in the local markets continued to stabilize in the early July. The gas stations all over the country have launched promotional measures, and Beijing has the price of gas station No. 92 gasoline after concessions. At 6.99 yuan, the price of oil in some regions has already returned to the "6 era."

The sharp rise in international oil prices can not hinder the advance of oil prices back to the "6 eras"

As Iranian tensions escalate international oil prices rose sharply on the 3rd, due to the escalation of tensions in Iran, causing oil supply shortages, international oil prices rose sharply on July 3. As of the close of the day, the price of light crude oil** delivered by the New York Mercantile Exchange in August rose by 3.91 US dollars to settle at 87.66 US dollars per barrel, an increase of 4.67%. The August delivery of Brent crude oil in North Sea prices rose 3.34 US dollars to close at 100.68 US dollars per barrel, an increase of 3.43%, for the first time since May 31 to return above 100 US dollars.

Iran’s official media reported on the 3rd that Iran has successfully tested a variety of weapons during military exercises. This is Iran’s latest response to the United States and Israel’s surge in the Persian Gulf. Iran’s tensions have escalated.

The Iranian parliament had submitted a bill on the 2nd that it recommended intercepting all tankers that sailed through the Strait of Hormuz to European countries and supported the U.S. economic sanctions, as a counterattack against western economic sanctions and the European oil ban.

After three rounds of talks between Iran and the six countries ended without results, the EU began to impose an import ban on Iranian oil since July 1. The ban caused the tension between Iran and the West to intensify once again.

Agency: International oil price rises hard to stop refined oil from falling. Expected Yu Yu, an analyst at Sinoram, said that the sharp increase in international oil prices has boosted the prices of gasoline and diesel in the society. On the 2nd, Shandong's gasoline and diesel prices rose slightly. Unit oil prices also rose sporadically, but the overall trading atmosphere was still light, and there was insufficient upward momentum.

In spite of the recent sharp rise in international oil prices, the prices of gasoline and diesel in the various markets continued to maintain a steady downward trend in early July. Except for the steady northeast and northwest market conditions, the sales policy in North China market has remained stable. The actual transactions of gasoline and diesel in most parts of East China, along the Yangtze River, southwest and south China have continued to decline, ranging from RMB 50/ton to RMB 100/ton. At present, most of the domestic market mainstream is: 93 # gasoline 8800 yuan / ton ~ 9200 yuan / ton, 0 # diesel 7400 yuan / ton to 7600 yuan / ton; partially like the Southwest and other places high prices of gasoline and diesel, 93 # gasoline 9400 Yuan/ton, 0# diesel 7800 yuan/ton to 8,000 yuan/ton.

The spot price of crude oil has a certain lag compared with that of **, and the current market price has already digested the price adjustment estimate in advance, and the poor sales of gasoline and diesel in most markets have caused prices to continue to decline. It is expected that the purchase and sales in the short-term market will still be based on the demand, and the local gasoline and diesel will still have a loose downward trend, but the overall decline will be limited and the market will continue to be weak.

Wholesale to go low oil station promotion part of the oil prices ahead of time "6 era"

Although there is still a week or so before the price adjustment window for refined oil products, due to the recent decline in the wholesale prices of gasoline and diesel in many places in the country, some gas stations have already “stood irresolutely” and made spontaneous price cuts in advance.

In Beijing, for example. After visiting several gas stations, the reporter found that except for most of the PetroChina and Sinopec gas stations located in the Beijing area, there are few discounted sales, similar to Sinochem Total, Shell and other joint venture gas stations, some private gas stations, and some are located Beijing PetroChina and Sinopec gas stations outside the 4th ring have preferential discounts ranging from 0.2 yuan to 0.55 yuan, of which 0.35 yuan is mostly from top to bottom, and many gas stations have discounts all year round. According to CNTV, there are nearly 300 gas stations in Beijing offering promotional offers. Among them, PetroChina's gas stations, such as Shunfang, have their lowest price drop to 6.99 yuan/liter, and have taken the lead in returning to the “6 eras”.

Analyst Han Jinyuan, an analyst with Treasure Island, said in an interview with the China New Energy Channel that since the Development and Reform Commission lowered the retail price of oil products on June 9 this year, the wholesale price of oil products has declined. She said that with the widening of the price gap between wholesale and retail, the gas stations will have room for discounts, and many gas stations will begin to voluntarily reduce their prices.