The high international crude oil price fluctuated in a narrow range, the news of international crude oil market was less exciting, and the price of refined oil market was stable and slightly decreased. According to the monitoring data of the business agency, the price of gasoline on August 21 was 5508 yuan / ton, down 0.36% from the beginning of the week; on August 21, the price of diesel oil was 4835 yuan / ton, down 1.17% from the beginning of the week.

This week’s meeting of the OPEC + Joint Ministerial Supervision Committee (jmmc) will put pressure on oil producers whose production exceeds the target to further reduce production in August September. However, the scale of OPEC production reduction has not been adjusted. This week, the international crude oil market lacks the directional news, the international crude oil price high level narrow range movement.

In terms of gasoline, domestic sunny days were dominant this week, but domestic hot weather declined, and gasoline terminal demand remained rigid. On the 21st, the price of domestic refined oil was raised by 85 yuan and 80 yuan per ton of domestic gasoline and diesel oil respectively. The gasoline market is not willing to follow up, and the market price is mainly stable. In terms of diesel, the demand for diesel terminal in southern China is recovering, and the domestic industrial and mining, outdoor construction, transportation and other industries are just waking up and waiting for support. However, due to the lack of action power in the international oil price, the diesel market has a low willingness to increase the price, and the diesel market price has been stable and falling this week.

On August 21, the average start-up load of daily decompression unit was about 71%, and the start-up load of refinery decreased slightly by 2%.

Lu Xingjun, a refined oil analyst at the business club, believes: the international crude oil market lacks good news, and crude oil prices fluctuate in a narrow range; the refined oil market purchases more on demand, but the traditional peak season of gold, silver and ten is coming, and the refined oil price is expected to rise steadily.