In the first ten days of October, the international crude oil price rose, but the domestic refined oil price adjustment was stranded, and the domestic product oil market price confidence was insufficient, and the product oil price fell slightly. According to the monitoring data of the business agency, the gasoline price on October 11 was 5353 yuan / ton, down 0.36% from the beginning of the month; on October 11, the price of diesel oil was 4623 yuan / ton, down 0.93% from the beginning of the month.

More than 90% of crude oil production capacity has been stagnated due to the hurricane in the Gulf of Mexico; Norwegian oil workers have gone on strike; Saudi Arabia has raised the official price of Arab light crude oil; and the EIA report at the beginning of the month showed that crude oil stocks fell by 1.98 million barrels last week. The positive will stimulate the rise of international oil prices. With the end of Norway’s oil workers’ strike and the increase of OPEC’s crude oil exports in September, the EIA reported on October 7 that the US crude oil inventory increased by 501000 barrels to 492.9 million barrels, which was far more than expected. International oil prices fell back. On the whole, the international crude oil price rose first and then fell slightly. In the first ten days of October, the price of WTI crude oil rose by 4.86%, while that of Brent crude oil rose by 4.69%.

In terms of gasoline demand, the overall demand of gasoline market is relatively stable. At present, it is still in the peak season. With the continuous outflow of bad news in the later period, the industry’s operation enthusiasm is not high. In addition, the domestic refined oil price adjustment is stranded, and the demand for replenishment after the festival has not improved, and the gasoline market price has risen. In terms of diesel, engineering infrastructure, logistics, autumn harvest and other links are still good for diesel consumption. Refinery shipment is good in the week. The current market is mainly affected by the impact of sufficient supply and refinery inventory reduction before the festival. On the whole, crude oil prices went up, and domestic refined oil price adjustment ran aground, which restrained the upward trend of domestic refined oil prices.

The daily load of the vacuum distillation unit is sufficient, which is about 74% of the daily load before the start-up of the refinery, which is relatively high compared with that before the start-up of the domestic refinery, which is about 74% of the daily load.

Lu Xingjun, an oil product analyst at the business club, believes: the blockade of some regions caused by the second epidemic in Europe is the biggest negative for the weak adjustment of the oil market, and the international crude oil market will continue to be under pressure; after the festival, the replenishment of the refined oil market will provide support for the demand of the refined oil market, and the price of the refined oil is expected to be stable and small.