Yesterday, reporters from PetroChina, Sinopec was informed that the State Development and Reform Commission issued "on the protection of the current stable supply of refined oil market notice" requirements, strict control of the recent oil exports, in addition to Hong Kong and Macao, in principle, to suspend the export of diesel arrangements . In this regard, Sinopec Group said it has suspended exports of refined oil base, while the oil group said it would strictly enforce the requirements of Development and Reform Commission.
In this regard, some analysts said that diesel sales are gradually entering the traditional peak season, started mining industry, agriculture, fisheries, not by demand, the traditional increase in demand, while electricity shortage in some areas led to generation since the purchase of diesel oil had increased, resulting in additional new demand for diesel.
The notice said the oil companies to ensure the safety of the premise, speed up construction projects put into operation, reasonable arrangements for maintenance, to maintain a high load operation, increased oil production; to take economic and technical measures, the adjustment of product structure and improve the yield of short supply; enhanced import and export regulation, strict control of the recent oil exports, in addition to Hong Kong and Macao, in principle, to suspend the export of diesel arrangements, while increasing the chemical light oil and other imports.
Concern is that local refining is also concerned that the State Development and Reform Commission. Notice that over regulation of economic sectors to strengthen the organization and coordination of local production and refining, PetroChina, Sinopec, CNOOC to continue to do business in refining crude oil and supply refined oil, the acquisition of work, effectively increase the supply of resources. It is reported that in refining capacity accounted for more than 20% of total capacity, once the cut to stop large-scale refining, often face domestic oil shortage.
In addition, the notice requirements, give priority to ensuring highway, downtown and other key areas and agriculture, public utilities and other key industries and stable supply.
Sinopec, CNPC are two main domestic oil supplies have said it will strictly enforce the Government's request, efforts to increase market supply. Among them, Sinopec Group, has announced the basic pause before the oil exports.
The market price adjustment is expected to reduce the government press interview yesterday, multi-found, including traders, gas stations, etc., the market multiple of price adjustment is expected to reduce oil, refined oil wholesale market for the resources to increase sales of refined oil, which traders have begun hoarding oil before hand.
Analysts told reporters that the tension before the oil, and human factors - the international oil price rose, the market is expected to increase domestic refined oil prices, Sinopec, CNPC this limits approved, traders hoard goods to be up. Now, as before the crash in international oil prices and the current shocks, the market for refined oil significantly reduced the expected increase, the market supply of refined oil was improved than before, although in the petrochemical, oil retail market in order to ensure, in some region is still limited batch of diesel.
Many industry insiders said that if international oil prices remain volatile, the rate of change in international oil prices late in May to about 4% of price adjustment retracted within the red line. (Zhang Yan)