The international crude oil price rebounded after the overall bottom stabilized, but the upward range was limited. In addition, the domestic oil product price decreased on September 18, and the domestic oil product market rose slightly. According to the monitoring data of the business agency, the gasoline price on September 18 was 5529 yuan / ton, up 0.56% compared with the beginning of the week; on September 18, the price of diesel oil was 4875 yuan / ton, up 1.64% from the beginning of the week.
Affected by the hurricane, crude oil production in the Gulf of Mexico region declined for a short time. EIA data showed that the U.S. crude oil inventory decreased significantly, stimulating the rebound of international crude oil prices. However, Saudi Arabia lowered the official price of crude oil and faced the risk of a second outbreak in the world, resulting in weak market demand and limited increase in international oil prices.
In terms of gasoline demand, near the Mid Autumn Festival holiday, residents’ driving trips increased and gasoline consumption performed well. However, the decline of domestic refined oil limited the upward trend of gasoline market price. In terms of diesel demand, entering the “golden nine silver ten” peak demand season, diesel demand in engineering, infrastructure, logistics and other industries is supported, and the fishing moratorium is over, which has a certain driving effect on diesel demand, and the domestic gasoline price rises slightly.
On September 11, the average operating load of the daily decompression unit was about 73%, and the refinery operating load decreased slightly by 1%. The domestic oil product supply was relatively sufficient.
Lu Xingjun, an oil product analyst at the business club, believes that: the international crude oil market has stabilized and rebounded, but the crude oil price has not been reflected sufficiently; in addition, the domestic oil product price has been lowered on Friday (September 18), and the refined oil price is expected to decline steadily.
| Thiourea |