bharatbhasha.com
Free Articles  >>  Business And Finance >>  Page 1700  >> 

International Crude Oil Prices Fell the Fastest Domestic Refined Oil Prices Down Tomorrow





"Expected tomorrow or the day, the weighted average price of crude oil moved three places the rate of change may well break -4%." Energy analyst information storage section Mong Mong, said yesterday that the recent sharp decline in international crude oil prices, domestic oil prices may be the fastest in the Friday cut.

Wang said storage section, from the last week by U.S. economic data and other adverse factors, international crude oil prices falling sharply. As U.S. Eastern Time on July 6 closing, the New York Mercantile Exchange (NYMEX) the WTI8 month futures price settled at 71.98 U.S. dollars a barrel, London Intercontinental Exchange (ICE) of Brent8 month price of crude oil settled at 71.45 U.S. dollars a barrel. According to the latest information Mong energy data, as of the date, the weighted average price of international crude oil moved three places up the rate of change -3.9%, close to the domestic oil price adjustment threshold.

Can check the information, the National Development and Reform Commission last cut retail oil limit is 1 June. But in the following June 2 to June 25 period, interim relief by the debt crisis in Europe, the euro rebounded against the dollar and other factors support a relatively strong crude oil prices trend, from 70 U.S. dollars / barrel soared to 78 U.S. dollars / barrel.

From June 28, the international crude oil prices fell sharply, down nearly 8 percent last week, while Brent, Dubai, Cinta weighted average price of crude oil changes in the three rates (base period of May 28) has also begun to - close to 4%.

According to the State Development and Reform Commission promulgated last year, oil prices have fallen condition, "22 working days of the three changes in crude oil prices lower than -4%", refined oil prices may cut again.

Storage section Wong said yesterday, this time down the window and perhaps more so soon, "Development and Reform Commission last price adjustment too fast". June 1, the National Development and Reform Commission will be gasoline and diesel prices were reduced by 230 yuan per ton and 220 yuan (equivalent to about 0.2 yuan per liter).

It is reported that, although in Beijing recently welcomed a record-breaking hot weather, many gas stations are off the peak oil price cuts in the summer tide. The gas station is located in the central area of Beijing, the highest per liter of petrol price cut to almost 0.3 yuan, while a number of private stations in the suburbs of Beijing's price cut to 0.4 yuan per liter.

Rate of change of the three crude oil prices

According to the "oil price control approach", when the international market of crude oil for 22 consecutive working days moving average price changes of more than 4%, can adjust domestic oil prices. In which international oil price changes moving average reference Brent, Dubai, the weighted average price of crude oil Cinta three rate of change.

When international oil prices fall below 80 U.S. dollars per barrel, the profit margin calculated in accordance with the normal processing of oil prices. More than 80 U.S. dollars a barrel, the profit margins began to reduce processing until the processing of zero profits calculated according to oil prices. When more than 130 U.S. dollars a barrel, according to both the producer, consumer interests and maintain smooth operation of the principle of appropriate fiscal policies to ensure the production and supply of refined oil, gasoline and diesel prices raised in principle to mention or less.
About Author Orietta Qi :

I am a professional editor from China Products, and my work is to promote a free online trade platform. <a href="http://www.himfr.com/" target="_blank">http://www.himfr.com/</a> contain a great deal of information about gold foil label,leather bucket hats,leather outback hats, welcome to visit!


Article Source: https://www.bharatbhasha.com
Article Url: https://www.bharatbhasha.com/finance-and-business.php/331298


Article Added on Monday, October 24, 2011
LD
Other Articles by Orietta Qi

Russia s Economy Again Appear Signs of Stagnation
Russia's central bank on September 28 Jiangzai financing interest rates unchanged at 7.75%, saying the economy is still need for further monetary stimulus support. Previously the bank had for 14 times lower refinancing rate to help the economy from the worst recession in a decade to recover. September 27, Russian crude oil pipeline was officially completed, according to protocol in the next 20 years, transport 15 million tons per year of crude oil to China. The pipeline construction tangle 10...

Commodity Currencies Become Major Banks Favorite
Ireland set off by the debt crisis, an upgraded version of Europe, the euro once again under strong selling pressure. Citigroup has recently released a report urging customers to reduce the appreciation of the euro against the dollar bet. However, the bank highlighted the continued bullish commodity currencies. Including Greg? Anderson, an analyst at Citigroup, including 24 released a report that the bank had proposed to do the euro against the dollar, but the overall investment portfolio for...

Polysilicon Prices Break Through 90 U S Dollars
Polysilicon spot prices in the international break last weekend, 90 U.S. dollars / kg mark, and continued to 100 U.S. dollars mark for the impact, which caused the domestic industry the cost of PV power plant licensing concerns. As quoted 0.7288 yuan / lowest price, the price of polysilicon to be reduced to 25 dollars / kg can be achieved. September 14, a solar company executives have questioned the cost of polysilicon components occupy 60% above the current price of polysilicon, the state the...

Speculators Pushed the International Food Prices
The hands of food, hearts do not panic. Since July this year, soaring international food prices, the international community really flustered for a while. Then the international food prices continued to rise Why? Will come back a new round of food crisis? Food and Agriculture Organization recently convened an expert meeting made it clear that the current global grain supply and demand balance, there is no new outbreak of the food crisis at risk. Led to the recent rise in grain prices was...

International Wheat Prices Rise
As Russia continued in parts of the long hot dry weather is expected to be eased, Chicago Board of Trade December wheat contract on the 16th dropped 38.0 cents to settle at 6.9625 U.S. dollars per bushel, down 5.2%. December corn and soybean November contract by the wheat contract fell by tired, were to close at 4.2275 U.S. dollars per bushel, and 10.315 U.S. dollars, declines of 1.1% and 1.2%. International wheat prices in the August 5, after Russia announced the suspension of grain exports...

Short term Speculation in Wheat Prices May Remain Higher
August 13, Chicago Board of Trade December wheat contract fell 9.5 cents to settle at 7.3425 U.S. dollars per bushel. Since August 5 has hit nearly two-year high for wheat have fallen 51 cents, a fall of 6.5%. However, market participants believe the price drop is not the market participants no longer worry about high temperatures and drought caused by global production of the signal, but profit-taking caused by speculative funds. August 12, the fund bought the CBOT wheat contract of 9000,...

China Should Not Misjudge the World Economy Again
Many people do not believe the U.S. will once again dip into the world economy, which tends to optimism on the world economy knowledge is the arrangement began to withdraw from China's macroeconomic policies to stimulate the main guiding principle. We have the first half of 2008 on world economic trends to determine the errors of optimism once concentrated expression of the developed countries to ease monetary policy when we are in the contract, such an error we have to try again? So, the...

Why the Fed Introduced the Quantitative Easing Policy
Federal Reserve Chairman Ben Bernanke's remarks today the logic for the use of quantitative easing deflation, fear deflation. This recent economic data from the U.S. to see support for the U.S. core inflation rate has been negative, excluding crude oil commodity procurement, residents showed downward trends in commodity CPI. In my opinion, the Fed introduced the quantitative easing policy, which is based on the consideration for the U.S. economy in transition. 70% share of the U.S. economy...

Four Advantages of LED Backlight Technology to Meet Market Demand
Since early 2009, LED backlight LCD TV market in household appliances into the consumer perspective star, LED backlight LCD TV began its rapid growth path, especially into 2010, the energetic efforts of domestic and foreign manufacturers, LED backlight Source LCD TV market share keeps climbing. Ovid Consulting (AVC) data show: first half of 2010, LED backlight LCD TV penetration rate of retail sales in January from 3.7% in June rose to 10.6%, retail sales penetration increased from 9.0% to...

Japan s Economic Recovery Experienced Ups and Downs
Japan's economic recovery in case of Canton in China to become world's second largest economy Cabinet Office on August 16 released preliminary data show that removing price changes and to a seasonally adjusted basis, Japan's second-quarter gross domestic product (GDP) rose 0.1% Central, 0.4% annual rate of growth, which is Japan 3 quarter economic growth rate has been minimal, far below market expectations of 2.3% annual increase. In dollar terms, the second quarter, real GDP in Japan for the...

Click here to see More Articles by Orietta Qi
Publishers / Webmasters
Article ID: 331298
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:


219 Users Online!!
Related Articles:
Latest Articles:
 
Business And Finance >> Top 50 Articles on Business And Finance
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts
Aging


Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of bharatbhasha.com and/or its owners.


Copyright AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Business eMail Hosting Provided By AwareIndia







Company IDS