[YesAuto News] A few days ago, the National Development and Reform Commission announced that as of June 10, the average price of crude oil on the international market for which domestic refined oil prices were linked was less than US$40 per barrel in the first 10 working days. In accordance with the relevant provisions of the “Oil Price Management Measures” and the “Administrative Measures for the Collection of Oil Price Regulation Risk Reserves”, the prices of gasoline and diesel will not be adjusted this time, and all unadjusted amounts will be included in the oil price regulation risk reserve and turned over to the Central Treasury in full.
The recent rebound in international oil prices has aroused people's concern about possible increases in domestic refined oil prices. Last week, OPEC+ decided to extend the current scale of production cuts by one month. At the same time, Europe and the United States and other countries have also eased epidemic control. Demand continues to improve. Both supply and demand sides have brought favorable support. International oil prices are mainly rising. However, judging from the current price adjustment cycle, the international crude oil price linked to the current price adjustment mechanism is still below $40/barrel, and the protection mechanism will continue to be triggered without adjustment. According to Longzhong Information, the comprehensive average price has reached 39.2 US dollars per barrel. This round of price adjustment is the 11th price adjustment this year. After this time, the price adjustment of refined oil products in 2020 presents a pattern of “0 up, 3 down, 8 stranded”. According to the calculation of the current domestic product oil pricing mechanism adjustment cycle, a new round of gasoline and diesel price adjustment window will be opened at 24:00 on June 28.
“In the next pricing cycle, the comprehensive average crude oil price is expected to exceed the red line of the floor price of $40/barrel, and the possibility of an upward adjustment is high.” Wang Xueqin, a refined oil analyst at Zhuo Chuang Information, also believes that in the later period, due to global public health The incident is under control compared with the previous period, and the intention to gradually restart the economy of various countries is becoming more and more obvious, and the performance of crude oil demand will continue to improve; from the supply side, OPEC+ announced that it will postpone the production reduction plan for one month, boosting the crude oil market sentiment. It is expected that crude oil prices may continue to rise in the near future, and there may be short-term corrections in the later period, but the magnitude may be relatively limited. (Source: National Development and Reform Commission/Beijing Daily; Compiler/Autohome Li Ziwei)