The current round of domestic oil product price adjustment will start on May 28 and 24, which is likely to run aground for the second time this year.
Entering this round of pricing cycle, the new crown in some parts of Asia is still serious, and the EIA inventory is still high, which has a certain pressure on the international oil price. If the United States lifted the sanctions on Iran, the latter may increase the oil delivery volume, which will increase the global crude oil supply and keep the oil price under pressure. However, due to the storm in the Gulf of Mexico that may lead to the closure of oil fields, and there are still differences in Iran's talks on lifting sanctions, international oil prices rose for a time. As of May 25, Beijing time, international oil prices rose slightly. The settlement price of the main contract in the U.S. WTI crude oil futures market was $66.07/barrel, up to $0.02. Brent crude oil futures market settlement price of the main contract at 68.65 U.S. dollars/barrel, or 0.19 U.S. dollars, the oil market line to a relatively high performance of stalemate, the market long and short intertwined. The positive side: the promotion of vaccines stimulates demand, and the driving season in the United States boosts demand; Bad news: the return of Iranian crude oil to the international market has brought some supply worries. At present, there are only two working days left from the price adjustment window, the fluctuation range of the reference crude oil rate of change will be limited, and this round of price adjustment may be stranded. According to the monitoring data of SunSirs, the crude oil change rate of the three places rose slightly, with the crude oil change rate of 0.05% as of May 25. At 24:00 on May 28, the price adjustment of refined oil will be grounded for the second time in the year, and the travel cost of consumers may maintain the status quo.
A new round of refined oil price adjustment or a small increase is expected
In the later stage, the market is still optimistic about the growth of global crude oil demand, but the US Iraq negotiation process still affects the market sentiment. The recent crude oil change range is not large. However, the overall news is difficult to be significantly boosted in the face of the domestic market, so that the oil price is supported. The crude oil price is rising at a high rate, and the new round of refined oil price adjustment will face certain uncertainty, a small increase may become the main theme.
