Diesel Oil Prices



diesel oil prices

China’s Processed Oil Price Fell by 32.1USD/ton on 29th, July

www.shcri.com – On July 28th, 2008, China’s Development and Reform Commission issued a notice of lowering processed oil price — cut off 220 RMB/ ton (32.1 USD). The adjusted prices of gasoline and diesel were 6,510 RMB/ton (950.4 USD) and 5,770 RMB/ton (842.3 USD) respectively, equivalent to 0.16 RMB/L and 0.19 RMB/L from 0:00 on July 29th, 2009. This is the second price reduction of Chinese refined oil in 2009, and also the first reduction of refined oil price after the publication of the new price adjustment mechanism.

Market is the first to respond; in all parts of China, the wholesale price of refined oil has already dropped. Recently China’s wholesale price of refined oil dropped continuously; therefore the market profit space of wholesale markets has been greatly compressed. The wholesale prices of refined oil throughout China have been diving sharply; the average decline was between 500-600 RMB / tons.

Behind the cutting of prices is the weak demand. A few days ago, statistics of production and operation released by China’s largest processed oil seller — China Petroleum & Chemical Corporation shown that the whole sales volume for domestic oil products fell by more than 8% in the first half of 2009, with a decrease of almost 6 million tons; with the largest decline rate in retail sales volume of 12.77%.

According to “Oil Pricing Mechanism”, which published by Chinese government on May 8th, 2009, the adjustment of domestic oil products prices would be made when the average international market price of crude oil has been changing more than 4% for 22 days. On July 28th, the price in September crude oil futures contracts was about 67 USD/barrel on the international benchmark of oil prices in New York Exchange, and in the last domestic oil products price adjustment (on June 30th) the quote was about 70 USD / barrel, cut about 4%.

July 28th was just 22 working days from June 30th when China’s National Development and Reform Commission raised the price of refined oil. Monitoring data showed that as far as July 24th , in three regions such as Brent, Dubai, Cinta the change rate of average crude oil price have reached -5.41%, with a decrease rate of more than 5%.

China Development and Reform Commission announced that after this price cut, the Chinese domestic refined oil prices remained more than 7 USD higher than international oil prices, and much lower than the three types of reference prices. However, many people questioned that on June 1st and June 29th, China National Development and Reform Commission twice raised the price of refined oil prices by about 6% and 9% respectively, while at this time the price-cut range is only 4%, which means that the decline rate of domestic refined oil prices cannot keep up with that of international oil prices. Therefore it cannot change people’s questioning for “fast increase and slow decrease”.

The Change Events of China’s Refined Oil Price Since 2009:

? on Jan 14th, gasoline and diesel prices decreased by 140 RMB/ton and 160 RMB /ton respectively 

? on March 25th , gasoline and diesel prices increased by 290RMB /ton and 180 RMB /ton respectively

? on June 1st , the price of petrol and diesel were increased by 400 RMB /ton respectively

?on June 30th , products such as gasoline and diesel oil prices both increased 600 RMB /ton

?on July 28th , gasoline and diesel prices reduced 220 RMB/ton respectively

 

Since China officially launched the fuel tax reform this year, oil prices have been adjusted for 5 times, the increase rate far exceeded the decline rate.

Take the ex-factory price of gasoline as an example, on January 14th and July 28th the price went down by 140 RMB/ton and 220 RMB/ton respectively, but on March 25th, June 1st and June 30th it was raised by 290 RMB/ton, 400 RMB/ton and 600 RMB/ton respectively. By integration calculation, gasoline prices in China have raised 930 RMB/ton this year (135.8 USD/ ton.)

 

Source: China Research and Intelligence

If you’d like to copy or quote this article, please keep the source information

 

More details, please visit

http://shcri.com/reportdetail.asp?id=330

About the Author

Based on the database, Interviews and research methods from China Research and Intelligence, CRI analyzes the development and opportunities in this industry clearly.
Contacts:
Eileen Gu
China Research and Intelligence
www.shcri.com
Email: eileen@shcri.com
TEL: 86-21-6852-1029
86-21-5842-6733

FINAL DIESEL REVIEW~ EMP ~SOLAR FLARES ~CLIMATE CHANGE ~OIL PRICES~JEFF THE CANUCK


Lisle 14500 Oil Filter Socket

Lisle 14500 Oil Filter Socket


$6.29


Removes and installs filters on 6 Liter Ford Diesel PickupsThe low profile socket fits both the 35mm and 36mm fuel and oil filtersThe low profile socket works in confined spaces3/8 in. driveNot for use with an impact wrench…

Mr. Heater 80,000 BTU Propane Convection Heater #MH80CV

Mr. Heater 80,000 BTU Propane Convection Heater #MH80CV


$99.99


MR. HEATER PORTABLE PROPANE HEATER *Heats approximately 1900 sq. ft. *Runs up to 14 hours on 20 lb. tank (low setting) *Standing pilot for increased safety *Convenction *Piezo push button ignitor *Two stage chamber for reduced ship cube/retail space *”Instalock” chamber for easy assembly *10 foot hose and regulator included *CSA certified…

Lucas 10008 Power Steering Stop Leak 12 oz.

Lucas 10008 Power Steering Stop Leak 12 oz.


$6.34


Lucas Oil 12oz. Power Steering Stop Leak – Lucas Oil 10008L….

ioSafe Rugged Portable 1 TB USB 3.0 External Hard Drive (PA51000U1YR)

ioSafe Rugged Portable 1 TB USB 3.0 External Hard Drive (PA51000U1YR)


$274.99


ioSafe Rugged Portable PA51000U1YR 1 TB External Hard Drive PA51000U1YR Hard Drives – External…

ioSafe Rugged Portable 500 GB USB 3.0Hard Drive (PA50500U1YR)

ioSafe Rugged Portable 500 GB USB 3.0Hard Drive (PA50500U1YR)


$189.99


Designed to military specifications, the ioSafe PA50500U1YR Rugged Waterproof External Hard Drive pretects data from drops, water, chemicals, and more. This drive also comes with one year of the ioSafe Rugged Portable Data Recovery Service (DRS), which provides a one time use, no questions asked data and hardware recovery service….



Gasoline And Diesel Usage And Pricing


Gasoline And Diesel Usage And Pricing


$56


The usage and pricing of gasoline results from factors such as crude oil prices, processing and distribution costs, local demand, the strength of local currencies, local taxation, and the availability of local sources of gasoline. Since fuels are traded worldwide the trade prices are similar, the price paid by consumers largely reflects national pricing policy some regions, such as Europe and Japan, impose high taxes on gasoline others, such as Saudi Arabia and Venezuela, subsidise the cost. Western countries have among the highest usage rates of gasoline per person. The largest consumer of gasoline is the United States, which used an average of 386 million US gallons of gasoline each day in 2005

Integrating comprehensive air quality modeling with policy analysis: Applications for distributed electricity generation.


Integrating comprehensive air quality modeling with policy analysis: Applications for distributed electricity generation.


$49.99


Small scale and located close to the point of demand, distributed electricity generation (DG) could reduce the cost of electricity, improve grid reliability and support renewable technologies. These facilities also shift the magnitude, timing and location of air quality emissions. The costs from adverse human health effects caused by changes in air quality may outweigh any benefits. In this work, I evaluate the air quality, human health effects and costs for two DG applications. I transform the emissions into ambient concentrations using a chemical transport model, the Particulate Matter Comprehensive Air Quality Model with extensions (PMCAMX), and dispersion plumes. I then translate the concentrations into health effects with concentration-response functions. Finally, I express the health effects as a social cost reflecting the "willingness to pay" to avoid these effects. First, I investigate using installed backup generators instead of a more expensive peaking turbine for meeting peak electricity demand. Many generators are uncontrolled diesel engines which have a high social cost. Adding a diesel particulate filter with exhaust gas recirculation to reduce fine particulate matter and nitrogen oxides can mitigate these costs. This result holds in four urban centers over a range of specified health endpoints and when accounting of uncertainty in the representation of the formation of secondary PM 2.5 in PMCAMX. I conclude that properly controlled generators can be employed for meeting peak electricity demand without substantial harm to human health. Second, I evaluate the changes in the net and distribution of social cost from integrating a utility-scale battery into the New York State electricity grid. Located in New York City, the battery would discharge when electricity prices are high and charge with cheaper generation during off peak hours. For most types of charging plants, I calculate a net social benefit from displacing dirtier fuel oil peaking

Integrating comprehensive air quality modeling with policy analysis: Applications for distributed electricity generation.


Integrating comprehensive air quality modeling with policy analysis: Applications for distributed electricity generation.


$49.99


Small scale and located close to the point of demand, distributed electricity generation (DG) could reduce the cost of electricity, improve grid reliability and support renewable technologies. These facilities also shift the magnitude, timing and location of air quality emissions. The costs from adverse human health effects caused by changes in air quality may outweigh any benefits. In this work, I evaluate the air quality, human health effects and costs for two DG applications. I transform the emissions into ambient concentrations using a chemical transport model, the Particulate Matter Comprehensive Air Quality Model with extensions (PMCAMX), and dispersion plumes. I then translate the concentrations into health effects with concentration-response functions. Finally, I express the health effects as a social cost reflecting the "willingness to pay" to avoid these effects. First, I investigate using installed backup generators instead of a more expensive peaking turbine for meeting peak electricity demand. Many generators are uncontrolled diesel engines which have a high social cost. Adding a diesel particulate filter with exhaust gas recirculation to reduce fine particulate matter and nitrogen oxides can mitigate these costs. This result holds in four urban centers over a range of specified health endpoints and when accounting of uncertainty in the representation of the formation of secondary PM 2.5 in PMCAMX. I conclude that properly controlled generators can be employed for meeting peak electricity demand without substantial harm to human health. Second, I evaluate the changes in the net and distribution of social cost from integrating a utility-scale battery into the New York State electricity grid. Located in New York City, the battery would discharge when electricity prices are high and charge with cheaper generation during off peak hours. For most types of charging plants, I calculate a net social benefit from displacing dirtier fuel oil peaking

Strategic Petroleum Reserve


Strategic Petroleum Reserve


$71.21


To help prevent a repetition of the economic dislocation caused by the 1973-74 Arab oil embargo, Congress authorized the Strategic Petroleum Reserve (SPR) in the Energy Policy and Conservation Act (EPCA, P.L. 94-163). Physically, the SPR comprises five underground storage facilities, hollowed out from naturally occurring salt domes, located in Texas and Louisiana. Oil stored at one of the sites, Weeks Island, was transferred after problems with the structural integrity of the cavern were discovered in the mid-1990s. Hurricane Katrina made landfall early in the morning of August 29, 2005 inflicting severe damage and shutting down oil and gas production and refining activities in the Gulf of Mexico. Damage assessments continue. By September 2, three requests for loans totaling 8.5 million barrels had been approved; a few others are pending. The Administration also announced it was making 30 million barrels available. However, as a policy tool to respond to the crisis, the SPR has limitations because a barrel of crude contributes to product supply only if there is refining capacity to turn the crude into gasoline or diesel fuel. Consequently, recovery from the hurricane’s effects will depend upon resumption of production and refining operations in the Gulf, and the ability to transport petroleum products. On August 8, 2005, the President signed the Energy Policy Act of 2005 (H.R. 6). The bill as enacted permanently authorizes the SPR and requires, “as expeditiously as practicable,” expansion of the SPR to its authorized maximum of 1 billion barrels. The Secretary is required to develop procedures for achieving the fill objective without “incurring excessive cost,” or placing upwardpressure on prices. Any fill policy is also to take into consideration minimizing income foregone to the Treasury by filling the SPR with additional royalty-in-kind (RIK) oil.

The Katrina Puzzle


The Katrina Puzzle


$23.19


Stop those who want to double gasoline and diesel prices overnight!So how does abandoning South Louisiana effect you? It affects everyone that uses gasoline, diesel, or home heating oil. It affects every taxpayer whose money has been almost totally wasted by FEMA and other federal government agencies. Insurance companies are being allowed to not pay thier policies And, it can happen to you next!The levee protection system has not begun in most places. People are still suffering. Progoganda and disinformation is deceiving the nation about the progress of the recovery. The Iraq War is being used to “Wag the Dog” and distract the nation from the real threat–That a hurricane could wipe out South Louisiana and it’s oil refining abilities. We could lose half the county’s gasoline refining capabilities in one storm. The price of gas and diesel could double overnight for you the consumer. It would result in higher prices of everything that must be shipped. Inform yourself by reading this book which is chocked full of true facts and true life experiences. The same abandonment could happen in your area next. Also consider the common sense solutions that are offered to save a region so critical to everyone in the United States and all connected to the new global economy.10 cents from every book will go to Katrina Surivor relief. Please help U.S. citizens victimized by the lack of recovery efforts!

Subscribe to our Newsletter