At 24:00 on May 16, a new round of domestic refined oil price adjustment window will open. Following the drop in the price of refined oil in the last round, the agency expects that the price of refined oil in this round may continue to fall, and is expected to usher in the "biggest drop" this year.
Yang Xiaofen, a refined oil analyst at Jinlianchuang, believes that during the current round of pricing cycle, the rate of change as a whole maintains a negative trend, but the decline has narrowed slightly compared to the initial period.
According to agency estimates, as of May 15, the average price of reference crude oil was US$74.19 per barrel, with a change rate of -7.16%. Reduced by about 0.3 yuan. This means that No. 95 gasoline in most parts of the country is expected to return to the "7 yuan era".
After this round of adjustment, what is the follow-up oil price trend?
According to Xu Lei, a refined oil analyst at Zhuo Chuang Information, although the market's concerns about supply have brought support to oil prices, international crude oil prices are still subject to shocks and downward pressure, and the oil market is still volatile.
In Yang Xiaofen's view, international oil prices may be dominated by fluctuations in the future. "Looking at the market outlook, China's crude oil imports fell in April, which may have frustrated the demand side, while the Organization of the Petroleum Exporting Countries and its partners (OPEC+) expanded production cuts, which also supported the supply side. The crude oil market will reassess the supply and demand environment."
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