International oil prices rose 2017 open welcome the domestic refined oil prices or four rising

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International oil prices rose 2017 open welcome the domestic refined oil prices or four rising

2017-01-10 23:58:24 129 ℃

Xinhua news agency, Shanghai, January 10Title: international oil prices rose in 2017 to open the door greet China's refined oil price adjustment or the four rising"

Xinhua News Agency reporter Liu Xue

At the beginning of this year, the world's largest oil exporter Saudi Arabia to take the lead to implement the production agreement, to stimulate the international oil prices hit a good start, nearly a year and a half high. Affected by this, in January 12th 24 when the domestic oil price adjustment or four rising". Agency is expected to increase the range of about 100 yuan per ton in the range of $110.

In November 30, 2016, global oil production accounted for more than 1\/3 of the organization of Petroleum Exporting Countries (OPEC) output to reach an agreement; in December of the same year, led by Russia's more than and 10 non OPEC announced collaborative production.

Entered in 2017, oil production commitments into the implementation period. Major oil producing countries have recently shown a strong position to reduce production. According to industry sources, Saudi Arabia's crude oil production in January at least cut 486 thousand barrels a day, Iraq and Iran also said it would abide by the agreement commitments.

The producers of positive action stimulation, the international oil price in 2017 ushered in the opener, climbing. January 6th, Brent crude oil futures prices reached $57.1 a barrel, hitting a new high of nearly a year and a half.

In addition, the active speculative funds for fuel prices rose. Since mid December 2016, the New York Mercantile Exchange crude oil futures speculative fund net positions remain at 400 thousand or more, at a high level in history.

Zhu Wenhao, deputy head of China's financial headquarters, said the letter, from the current point of view, Saudi Arabia, the United Arab Emirates and Kuwait and other oil producing countries have shown an active implementation of the agreement. Major oil producing countries in the implementation of the agreement seems to have a good start, but the actual results still need time to test and assess.

"Despite the recent international oil prices on the upgrade, but traders still feel uneasy." Longzhong information oil analyst Li Yan said that the latest disclosure of the data shows that the southern Iraqi oil exports high, plus the number of U.S. oil drilling market continues to increase, the elimination of excess supply worries remain.

U.S. oilfield technology services company Beck, the latest data show that last week, the United States operating oil drilling volume rose tenth consecutive weeks, and higher than the level of the same period last year. Analysts believe that the United States continued to increase the number of oil drilling, to some extent, weaken the efforts of OPEC production cuts, international oil prices fell nearly 4% in January 9th.

The Energy Research Institute of anxunsi analysts believe that international oil prices will be sustained by OPEC and non OPEC production in 2017 to support, however, still wary of U.S. shale oil production increased the inhibitory effect on international oil price.

Since the end of 2016 international oil prices "tail", China's refined oil prices with the three rising". The most recent oil price adjustment occurred in December 28, 2016 24, domestic gasoline and diesel prices were increased by $100 per ton and $95.

According to the oil price management approach, the domestic gasoline and diesel prices in accordance with the international market price of crude oil changes every 10 working days to adjust once, the effective time of the price adjustment for the release date of 24. When the price adjustment range is less than 50 yuan per ton, do not make adjustments, included in the next price adjustment cumulative or offset.

The current round of oil price adjustment cycle is the first valuation cycle in 2017. According to the pricing mechanism rules, at 24 on January 12th, China will usher in the first time since 2017, the price of refined oil price adjustment window. Due to the recent international oil prices rose overall, the agency expects the domestic oil prices or to meet up, to achieve four rising".

Xinhua news agency, the oil price system on January 10th released data show that in January 9th the average price of a basket of crude oil change rate of 2.68%. Anxunsi oil price change rate index shows that as of January 9th, the change rate index was 2.83%, forecast a round of domestic oil price increase rate of 105 yuan per ton.

Li Yan said that although the international oil prices fell overnight, but does not affect the direction of the current round of domestic oil price increases. The current round of refined oil prices are expected to increase the range of about 100 yuan per ton to $110 range, equivalent to the price range of 0.07 yuan to $0.09.