car owners please remind each other that the oil price will rise again, just after New Year's Day. According to the crude oil change rate data on the 6th (December 26) working day of the new round of oil price adjustment cycle, the cumulative increase is predicted to be 270 yuan/ton, which is converted into liters and calculated as a price increase of 0.21-0.24 yuan/liter.
International oil prices rose to their highest in more than three weeks on Tuesday (December 27), as China lifted quarantine measures for incoming travelers, sparking expectations for higher fuel demand. Concerns over a U.S. winter storm affecting energy production also continued to support oil prices.
At 15:48 Beijing time, NYMEX crude oil futures rose 0.49% to $79.95/barrel; ICE Brent crude oil futures rose 0.47% to $84.90/barrel. Both cities hit new highs since December 5, reaching US$81.06/barrel and US$85.39/barrel respectively.
China's National Health Commission said on Jan. 8 that China would lift quarantine requirements for incoming travelers that have been in place since the pandemic began three years ago, from Jan. 8, fueling optimism about increased demand from the world's largest crude importer. mood.
A deadly snowstorm paralyzed Buffalo, N.Y., on Christmas Day, leaving motorists and rescue workers trapped in their vehicles, knocking out power to thousands of homes and chilling much of the U.S. for days The death toll from the storm increased. Severe cold and high winds have knocked out power and slashed energy production across the U.S., driving up heating and electricity prices.
Kazuhiko Saito, chief analyst at Fujitomi Securities Co Ltd., said: "Concerns over supply disruptions caused by winter storms in the U.S. sparked buying, although trading was thin as many market participants were on vacation. But U.S. weather is expected to improve this week, That means the rally may not last too long."
Fears that Russia may cut production also drove gains. The RIA news agency previously quoted Deputy Prime Minister Novak as saying that Russia may cut oil production by 5% to 7% in early 2023 in response to the price ceiling ($60/barrel).
Russian Finance Minister Siluanov said Russia's budget deficit could exceed the expected 2% of GDP in 2023 as oil price caps squeeze Russia's export revenue. He said the reduction in the size of energy exports was possible because some countries shunned Russia and Moscow wanted to develop new markets, a process that would determine Russia's export returns.
Algeria has set a crude oil reference price for 2023-2025 at a price per month, the Algerian state news agency (APS) said on Sunday, citing the 2023 budget approved by President Abdelmajd Teboun earlier in the day. Bucket $60. The budget set the market price of crude oil at $70 a barrel for the same period.
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