First quarter oil prices rose more than 25% year-on-year

Sina Financial news on the morning of May 10, China Petroleum and Chemical Industry Federation reported the morning report showed that the first quarter of domestic product prices rose, No. 0 diesel and 93rd petrol quarterly average year-on-year rise of more than 25%; The report predicts that the two-quarter international oil price will continue to maintain a high oscillation trend,　　The likelihood of a sharp rise or fall is small. The China Petroleum and Chemical Industry Association held its third general meeting this morning and officially renamed "China Petroleum and Chemical Industry Federation".　　A report on the economic performance of the oil and chemical industry in the first quarter of 2010 was released.　　In the first quarter, the refinery industry output value of 539.37 billion yuan, an increase of 59% per cent, a higher increase; The oil and gas mining industry, driven by strong crude oil prices, has grown at a rate of 55.3% per cent to 216.42 billion yuan. The first quarter, the national crude oil production 48.188 million tons, an increase of 4.6% per cent, natural gas production 24.16 billion cubic meters, the year-on-year growth of 13.8%, the growth rate of 6.3%, crude processing 100 million tons, the year-on-year increase of 21.6%; oil production (gasoline, kerosene, diesel total) 59.329 million tons,　　Rose 17.9%. The first quarter of oil sales 54.47 million tons, an increase of 22.7%. and the oil market price, in the international crude oil prices, driven by a sharp rise in the first quarter of the domestic oil markets overall a steady upward trend.　　No. 0 Diesel Quarterly average price of 7204.9 yuan per ton, up 27.4%; 93rd Gasoline Quarterly, a 8462.3 yuan per ton, rose 25.8%.　　The first quarter of crude oil imports continued to grow at a high rate, imports reached 56.682 million tons, an increase of 38.6%, the import amount of 31.38 billion U.S. dollars, an increase of 150%, accounting for the Chemical Industry import trade volume of 41.6%. The first quarter, the international oil price in demand growth, fund speculation and to the world economic expectations of the good and other factors under the joint action, significantly higher. WFI crude Oil (spot) first-quarter average price of 77.2 U.S. dollars per barrel, up 85.7% year-on-year. The price of New York's crude oil futures market is still fluctuating above $80 trillion. The report predicts that the two-quarter international oil price will continue to maintain a high level of oscillation, the likelihood of a sharp rise or fall. (Huayan from Beijing)