On the trend of the rise and fall of oil prices

The reduction of oil prices is a favorite topic for everyone who owns a car. But since 2015, the three announced oil price reduction has not been realized yet. Many people say seriously, you will lose.

Recently, there is news that a new round of refined oil price cut window will be officially launched in 29, but a number of agencies said that in view of the international oil price is likely to remain below the national development and Reform Commission set a floor price of 40 U.S. dollars / barrel, so the oil price down will face will face aground.

International oil prices, the oil producing countries to make the production of frozen agreement may be a short period of time but does not support oil prices, oil prices rebounded sharply, because this is not a production agreement, even if the crude oil output of oil producing countries will maintain the level in January, the global crude oil supply is still over 3 million barrels, can only wait for the increased demand; and Iran has not said will limit production, is expected in the next few days, international oil prices rose sharply or difficult.

In this round of product oil price adjustment period, although Russia and Saudi Arabia agreed to freeze crude oil output at the level of January, but the US crude oil inventories continued to record high and lay a solid foundation. International oil prices continued to linger at 31-32 US dollars / barrel. The price range stipulated by the state $40 / barrel floor price, there is still a large gap, so in February 29th the domestic gasoline and diesel retail price adjustment will be "three stop".

According to the current pricing cycle of the domestic product oil pricing mechanism, the fifth round of gasoline and diesel price adjustment nodes in 2016 will be ushered at 24 in March 14th.

Nowadays, the international environment is not stable, and the oil product market is also changeable. Therefore, it is suggested that everyone should take an objective and rational attitude towards the adjustment of oil price and not expect too much.

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