This week, the international crude oil price is running at a high level, the terminal market is bullish, the demand for refined oil is supported, and the domestic product oil price is up. According to the monitoring data of the business agency, the gasoline price on December 11 was 5707 yuan / ton, up 2.38% from the beginning of the week; on December 11, the price of diesel oil was 4993 yuan / ton, up 1.67% from the beginning of the week.

Due to the positive news of the new crown vaccine, the market hopes for a rebound in fuel demand, adding to the news of the oil well attack in Iraq, offsetting the negative effect of the substantial increase in US commercial crude oil inventories. In the near future, oil prices are likely to remain strong. WTI crude oil prices rose 0.67% this week, while Brent crude oil prices rose 1.46%.

In terms of gasoline demand, the weather turns cold, the number of car trips increases, and the demand for gasoline market is supported. In addition, the international oil price is rising, and the demand for diesel oil in the terminal market is increasing. In terms of diesel demand, the domestic weather is getting colder, and the outdoor diesel demand for road engineering and infrastructure projects is gradually declining. However, the rush work of some infrastructure projects a year ago has a certain supporting effect on the diesel market demand.

As of December 11, the average start-up load of the daily decompression unit was about 75%, and the start-up load of the refinery was basically stable, and the domestic product oil supply was sufficient.

Lu Xingjun, oil product analyst of business agency, believes: the growth of oil market demand for vaccine mass vaccination is expected to push the international oil price to a periodic high, but there is no real supply-demand news to boost it. At the same time, the oil product market demand maintains a just demand. In the short term, the oil product market price is expected to decline steadily.