PetroChina Sinopec says: Oil shortage ends next month

Xiashixiang, deputy general manager of Sinopec Sales Co., said 1 months later, Sinopec's diesel stock should be able to reach normal levels, the end of December diesel oil tight situation will be over.　　Diesel stock rally is mainly the result of a series of measures such as increasing diesel oil production, import increase and postponement of refinery overhaul.　　PetroChina's two largest companies will soon add 1 million tonnes of diesel to the market.　　After 8 months of decline in diesel stocks, November 24, deputy general manager of Sinopec Sales Co., Xiashixiang, said in an interview with the Daily economic news that Sinopec's diesel stocks had started to rebound late last week.　　He predicted that 1 months later, Sinopec's diesel stock should be able to reach normal levels, the end of December diesel oil tension will be over.　　In this regard, PetroChina concerned people in the interview also made a similar statement.　　Analysts said that the recent decline in crude oil triggered the domestic market wait and see, domestic diesel resources are increasingly loose, the coastal key cities of the two major companies under the control of foreign sales of gas stations from tight to loose, the retail link resource tension is expected to further ease.　　However, some experts believe that Sinopec's forecast is too optimistic, the end of the year enterprise electricity, coal transport diesel demand will also increase, oil drought mitigation is possible, the end of the show is not seen.　　Xiashixiang revealed that the two major companies, the actual consumption demand is not so much, coastal, along the river, east China, South China diesel tension is easing. According to the monitoring of energy consumption, coastal key city gas stations are basically open to oil, such as Guangdong, Shanghai, Shandong, Jiangsu and Zhejiang and Sinopec has basically liberalized sales.　　But the central China and other inland areas only Hubei Sinopec, such as a few cities open up, the southwest is only Guangxi open, the rest of the main gas stations still limited. "The waiting time for petrol filling stations is now getting less and more, and the amount of diesel which is limited to $200 to $300 per vehicle is now increased to $500 to $600."　　"Xiashixiang said.　　According to Guangdong Sinopec insiders said that the recent sales of each company's retail volume is significantly increased by about 5% to 10% last week. PetroChina sources said that the company in the north-east, most parts of the Northwest gas stations have been open to supply, and will be based on supply and demand around the country to expand to the national. Lio Kaisun said: "International oil prices continue to fall, the two companies released a negative signal of the increase in resources, speculative oil hoarding frustration, reduce purchase, diesel resources have been out of the tension."　　"Xiashixiang that if international crude oil prices no longer rise, panic demand falls, the end of December diesel shortage or will end." However, China Energy Network CEO Han Xiaoping said: "Energy conservation at the end of the year pressure, power rationing will continue; December is also the peak of the delivery of enterprises, electricity consumption, can only increase diesel power generation; In addition, this year, the new billion tons of coal, sinotrans diesel demand is very large, therefore, mitigation is possible, the end of the see no signs "According to the Daily economic news"