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SunSirs: The Prices of Gasoline and Diesel oil in China Shandong Refineries Rose on September 28

September 29 2021 14:54:53     SunSirs (Selena)

On September 28, the price trend of gasoline and diesel in Shandong increased, and the price of domestic 92# gasoline was 7,772 RMB/ ton; The price of domestic 0# diesel oil was 6,819.6 RMB/ ton, the refinery unit operates stably, the delivery situation was acceptable, and the price trend of refined oil in Shandong was rising. The transaction price of national VI standard vehicle 92# gasoline was 7,650-7,850 RMB/ ton; The transaction price of national VI standard vehicle 95# gasoline was 7,800-8,000 RMB/ ton; The transaction price of national VI standard vehicle 0# diesel was 6,500-6,700 RMB/ ton. The settlement price of the main contract of WTI crude oil futures in the United States was $75.45/ barrel, and the settlement price of the main contract of Brent crude oil futures was $78.72/ barrel. Brent crude oil rose to a high since October 2018, approaching the $80 mark. The economy of the world's major economies continued to recover and fuel demand rebounded, but U.S. inventories continued to decline, and the oil and gas recovery in the Gulf of Mexico was slow. In addition, it is difficult for the organization of Petroleum Exporting Countries and its allies (OPEC+) to increase production in the short term. The supply-demand gap is expected to provide strong support for oil prices. The sharp rise in crude oil prices is good for domestic product oil prices. It is expected that product oil prices in China may rise in the later stage.

 

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