Sinopec says oil refining business has lost in recent days

Source: Internet
Author: User
Keywords Oil
Tags business clear development development and reform commission international market it is market national development
NDRC hopes all sides weaken price forecast Sinopec said refining business has lost the report (Reporter Yan) yesterday evening, the National Development and Reform Commission authorities have made it clear that oil prices will not be raised in the near future, and hope that the increase in oil prices is expected to weaken. It is reported that the recent market rumors, the latest oil prices will be up May 28, the move led the industry to yesterday's petrol station oil prices are concerned.  However, yesterday's Chinese voice, "Yang News" reported that the national Development and Reform Commission authorities have made it clear that oil prices will not be raised in the near future, but also hope that everyone to weaken the expectations of oil price hike, a happy Dragon Boat Festival. In addition, the National Development and Reform Commission related officials also said that the development and Reform Commission related department staff yesterday normal work, the festival will not work overtime.  This means that during the holiday period, the price of refined oil will not be adjusted, because the oil prices, whether adjustment or not, the NDRC is the core approval and development departments. However, the market has been the end of the price of finished oil speculation, not groundless. According to the state of the oil price management method, when the international market crude oil for 22 consecutive working days moving average price changes more than 4%, the corresponding adjustment of domestic oil prices. Since March 25 the national Development and Reform Commission last raised oil prices, the international oil price changes have already exceeded the range of 4%.  On the May 26 deal, the New York Mercantile Exchange delivered light crude oil futures in July, up 78 cents from the previous trading day, to $62.45 a barrel, a new high since last November 5. In addition, the oil price management method also stipulates that when the international market crude oil price is lower than 80 U.S. dollars per barrel, the normal processing profit rate of the calculation of refined oil prices.  And China's first oil refining giant Sinopec boss Su said that when the international oil price of more than 60 U.S. dollars/barrels, according to the current oil prices to see refining business will face losses. Yesterday, the reporter learned from the Chamber of Commerce and Industry of China, yesterday, the industry is generally waiting for price adjustment, wait-and-see atmosphere, and some parts of the country's oil prices have even risen to the same price.
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