Domestic oil prices may rise again on October 10, what is the future trend of oil prices?
On October 5, 2023, the national comprehensive oil price continued to rise, and it is expected to be adjusted in the evening of October 10 after the National Day holiday, and the oil price increase is about 60 yuan/ton (0.05 yuan/liter -0.06 yuan/liter). This means that oil prices after the Mid-Autumn Festival National Day may be more expensive. In the second half of the year, oil prices continued to rise and have yet to fall. This makes the first 19 oil price adjustments this year a total of 10 rises, 6 falls and 3 stranded adjustments. Cumulatively, this year's oil price has risen by more than 1015 yuan/ton compared to the end of last year, which is equivalent to a rise of more than 0.83 yuan/liter. The 20th oil price adjustment or rise again, the oil price for three months "rose nearly 1 yuan", the current oil price hit a new high this year. No. 95 gasoline "has risen more than 9 yuan", and the oil price this year is "a new high."
First, international oil prices rose again, the holiday international oil prices "three rises and one fall" Recently, international oil prices have risen again, and international oil prices have appeared in the "three rises and one fall" market during the holidays. Affected by a variety of factors such as global economic recovery and crude oil supply and demand, international oil prices have continued to rise since the second half of this year. Although there was a brief dip in international oil prices during the holiday season, the overall increase in oil prices still exceeded the increase standard. Second, Comparative analysis of domestic oil prices and international oil prices Compared with international oil prices, the increase in domestic oil prices is relatively small. This is mainly due to the adjustment of domestic refined oil prices under the control of the National Development and Reform Commission, and its adjustment range is usually not fully consistent with the volatility of international oil prices. However, despite the relatively small increase in domestic oil prices, the continued upward trend is in line with international oil prices. This means that domestic consumers are also facing rising oil price pressure in the second half of the year. Third, Thought-provoking questions: Why do oil prices keep rising? The continued rise in oil prices has many people thinking: Why do oil prices keep rising? What are the reasons behind this? First, the recovery of the global economy has boosted demand for crude oil. With the improvement of vaccination rates in various countries and the effective control of the epidemic, the global economy has gradually recovered, and the demand for crude oil has also increased. Secondly, the crude oil supply relationship is also an important factor affecting the oil price. Recently, some major oil producing countries have appeared tight supply, resulting in a rise in international oil prices. In addition, some political factors and geopolitical risks may also have an impact on oil prices. Fourth, Attractive highlights: the rise of new energy vehicles In the context of rising oil prices, the rise of new energy vehicles has become a bright spot. With the increasing attention of consumers to environmental protection and energy conservation issues, as well as the state's strong support for the new energy automobile industry, more and more consumers have begun to choose to buy new energy vehicles. The development of new energy vehicles not only helps to reduce the dependence on traditional fuel vehicles, reduce carbon emissions, but also saves energy costs for consumers. Future Outlook: What about oil prices? For the future trend of oil prices, industry experts generally believe that oil prices may continue to rise due to a variety of factors. However, with the vigorous development of renewable energy in various countries and the increased acceptance of new energy vehicles by consumers, the market share of traditional fuel vehicles may gradually shrink, thereby reducing the demand pressure on crude oil. In addition, some producers are also trying to increase production to calm prices. Therefore, there is still some uncertainty about the future trend of oil prices. Welcome to leave your comments!
