New York market oil prices fell to the lowest point in three months
Xinhuanet Beijing May 23 (Reporter Liu Wei) According to the recent changes in the international market oil price and the current oil price integration method, the National Development and Reform Commission decided to reduce the price of gasoline from 24:00 on May 23, and the gasoline ex-factory price is reduced per ton. 150 yuan, the retail price of the quasi-price is adjusted by the ex-factory price reduction.
The Development and Reform Commission requires that the two groups of oil and petrochemical companies should separately arrange the retail price of gasoline according to the market supply and demand situation, and publicly release it to the public through provincial-level major newspapers. All local price departments should strengthen supervision and inspection of market oil prices and investigate and deal with violations of relevant price regulations.
Previously, due to the high crude oil prices in the international market, since March 23, the Development and Reform Commission has increased the ex-factory price of gasoline by 300 yuan per ton, and the retail price has increased by the same amount as the ex-factory price adjustment. (Finish)
Recent international oil price trend
US oil inventories surged more than expected New York oil prices hit a three-month low
On the 18th, the US Energy Information Administration (EIA) announced the latest week's oil inventories. The inventory increase significantly exceeded the expected level, resulting in the New York Mercantile Exchange (NYMEX) crude oil futures contract price fell sharply by $1.72 per barrel, to close at $47.25. The barrel, the new low since February 11.
US crude oil stocks 334 million barrels record record OPEC attitude to let oil prices fall
On Wednesday, the US Department of Energy's Energy Information Administration (EIA) released a US energy inventory report last week. Crude oil inventories increased for the 13th consecutive week, reaching 334 million barrels, the highest since June 1999. Affected by this, NYMEX crude oil June contract fell sharply by 1.7 US dollars to close at 47.25 US dollars / barrel, a new low in 13 weeks. However, market participants believe that the record-breaking crude oil inventories in the United States and the OPEC's constant interest in increasing production are still likely to continue to drive down oil prices.
The OPEC Chairman said that the current oil price is suitable for all parties.
The rotating chairman of the Organization of Petroleum Exporting Countries (OPEC) and Kuwaiti Energy Minister Fahd said here on the 19th that the current oil price is suitable for oil-producing countries, especially OPEC members, and for consumers.
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