The national development and Reform Commission said that the supply of refined oil products was stable in the third quarter
the inventory of domestic refined oil products fell significantly; The national development and Reform Commission disclosed data yesterday that since the beginning of this year, the production and operation of the domestic oil industry has generally improved, and the market supply and demand has been stable as a whole. Crude oil production totaled 1.83 million tons, a year-on-year increase of 1.6%, while the consumption of refined oil reached 180.43 million tons in the first nine months, and the growth rate gradually narrowed in the first three months
according to the data of the national development and Reform Commission, in terms of crude oil supply, domestic production is basically stable. Since the beginning of this year, the international oil price has fluctuated in a wide range, and the domestic crude oil has been affected by free on-site maintenance during the warranty period (except for the failure or damage caused by human factors or irresistible natural phenomena). Compared with the first quarter, the growth rate in the second quarter dropped by 5.6 percentage points. After the third quarter, imports increased by 9.4%, up by 2.6 percentage points compared with the second quarter. However, on the whole, crude oil imports still showed an increasing trend. The data showed that the imported crude oil in the first September was 188.97 million tons, a year-on-year increase of 9.5%
in terms of demand, the growth rate of refined oil consumption narrowed. The national development and Reform Commission explained that in the first quarter, driven by the sustained economic growth and the high level of automobile production and sales, the demand for refined oil was strong. However, as the growth of automobile sales slowed down, the growth rate of refined oil consumption also began to slow down
it is worth noting that the inventory of domestic refined oil depots has dropped significantly. The storage of finished oil depot reached 15.61 million tons at the end of February, and fell back to 11.48 million tons at the end of September. Linboqiang, director of China Energy Research Center of Xiamen University, automobile lightweight non-metallic materials industry alliance will also become an important part of the development of China's automobile industry (microblog). The analysis points out that the inventory has dropped significantly, the growth rate of refined oil consumption has narrowed, and the domestic crude oil production capacity and import are stable. From the perspective of supply and demand, it means that the domestic crude oil export volume has increased significantly
private oil enterprises in some regions have "cut off oil"
recently, it was reported that the new capacity of domestic power batteries in 2016 was 2.8 times that in 2015. Recently, private oil wholesale and retail enterprises in some regions across the country have encountered the dilemma of "cutting off oil". Many domestic private oil enterprises are unable to obtain normal product oil supply from PetroChina and Sinopec when the product oil price has just been lowered
zhaoyoushan, chairman of the oil circulation Committee of the China Chamber of Commerce, said in an interview with the China business times that the circulation of refined oil in some regions of China has been "cut off", which has affected the current autumn harvest and cultivation. If the relevant state departments do not supervise in time, this severe situation will lead to the recurrence of large-scale "oil shortage"
in this regard, linboqiang, director of the China Energy Research Center of Xiamen University, said yesterday that "at present, under the conditions of stable domestic oil production capacity and moderate international oil prices, the two oil giants should not tighten the supply of refined oil to private enterprises."
as for whether there will be an "oil shortage", linboqiang said that since private oil enterprises account for a small market share, it is not convincing to judge whether there will be an "oil shortage" only by the status of private oil enterprises. Whether there will be "oil shortage" depends on the domestic power consumption. "There will be a shortage of electricity and oil. Judging from the domestic situation this year, there has been a 'electricity shortage' in many places, and I am afraid the supply of refined oil will still be less optimistic this winter."
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