deal! Oil price is about to adjust

At 24:00 on Tuesday, January 3, the first round of refined oil price adjustment window for the new year will open, and oil prices may usher in the “first rise” in 2023. Before this rise, domestic oil prices had already experienced a “three consecutive declines” at the end of 2022, so this increase was basically in line with expectations. Looking back on the whole year of 2022, the fluctuation of international oil prices affects the hearts of the whole world. Affected by multiple factors such as geopolitical conflicts, the evolution of the epidemic, and interest rate hikes by the Federal Reserve, international oil prices will continue to stage a “roller coaster” market in 2022. How will oil prices go in 2023? Can we “afford to refuel”? | Related reading (China Fund News)

Chu Xiangyang

According to the refined oil price adjustment mechanism, 10 working days is a price adjustment cycle. In the past year, the development of the Russia-Ukraine war has exacerbated the energy crisis, and the crude oil price has fluctuated continuously, which has had a great impact on domestic refined oil prices. According to rough statistics, domestic refined oil prices have been adjusted 24 times since last year, and there was a period of consecutive rises in the middle, but this trend was curbed towards the end of the year. But this year has just begun, and oil prices will start to rise again. This may be a reminder to us that the oil energy crisis is still not over.

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