The price of oil products is adjusting for the first time this year. Ji'nan 93 gasoline is down by 0.1 yuan per litre.
the Ji'nan Daily reporter Xu Kai Yao Linlin
Sun Xuejun, a JOYOU information analyst, said the downgrade was related to the restarts of the Libya oil field, the increase in US crude oil production and the impact of higher dollar exchange rates on international crude oil.
on the next stage of the trend of oil prices, analysts believe that the possibility of a reduction or no adjustment is greater. Li Yan, an analyst at Sinopec, said that because of the continued growth of U.S. crude oil production, recent severe weather has also suppressed gasoline demand, refinery start rates are shrinking, U.S. crude stocks will start to recover and the new year's Federal Reserve is starting to reduce QE (QE), consolidating the positive front of the US economy. Jing provided support for the Fed's decision to reduce QE and also suppressed the atmosphere in the oil market. In the short term, Brent showed a weak finishing trend. It is expected that the next round of oil price reduction or no adjustment will be more likely.