Pipe Barrel

Pipe Barrel

A story about China's oil exports sparked the domestic oil consumers of anger.

China petroleum enterprise exported far below the export price increases, the domestic sale price, the pressure inside the design. Data from November bisiness weekly statistics, 1 ~ August, China's export products 1496 tons, exports 66.5 per ton, average $444.5 dollars/tonne, 3036 converted into renminbi yuan/ton. Gasoline 0.739 density, roughly equal to 1 ton gasoline 1353, Diesel density, 1 ton for 0.86 roughly equal 1163 litres. Diesel Namely, press 1 ton oil is 1258 litres, about average export prices are: 3036/1258 = 240 yuan/litre.

Under the impact of China's domestic decline, oil export quantity increased sharply lower income. According to the data of customs, 2009 season 3 Chinese export product 1704 tons, year-on-year, imported oil 37.9% 289 million tons, 8.2 percent year-on-year drop. But instead, exports export revenues fell down 170.4 tons of oil was 78.3 billion dollars worth than 2008 period 23.5%.

Convicted of treason China petroleum enterprise ", "I'm afraid that I can't international other oil exporters also declined. Year-on-year revenue In early November, the United States government department of energy, the QingBaoShu to Opec oil export income by 2010, from the previous forecast 5030 billion to $75 billion, Expected this year income 5760 billion dollars, well below the cartel won a record in 2008 earnings 9660 billion in 2008, crude oil prices, which peaked at $1.47 per barrel record.

China does not exported oil is impracticable, China's leading oil exports is asean, panama regions and countries. Asean's lack of crude oil and is the key area trade integration, panama is the main export shipping transportation channel, from the future economic development strategy, China is necessary to these areas oil exports. Also, China petroleum needs cutting peak and valley, increase production decline in exports means economic cycle, the rise of the import and export of some kinds of some kinds of oil production is oil.

An angry is that in China, insufficient domestic oil production, export prices decline, the domestic product prices are rising.

So far, China petroleum price, eight times more general, up to now, fell less oil prices have been raised to the finished product since 2007. In Beijing, for example, early 2009 product prices for 90 # retail gasoline (III) 6780 yuan/ton, diesel, about 6,240 yuan/ton, Now Beijing product prices for gasoline 8300 yuan/ton, diesel, 7630 yuan/ton.

In China, the price of before September export also creating high gasoline and diesel. China on September the 50.6 million tons of gasoline, with mouth than increase 153.45% long, achieve high; the third year 2009, In August of 51.8 tons of export gasoline. Before September export 313 million tons, gasoline, before 143% year-on-year surge in exports diesel to September 10 times million tons, up 326. In addition, September diesel exports reached 29.3 tons, 1066.29% year-on-year growth, August export 39.5 million tons last year, diesel oil exports surged more than 1800%.

Domestic prices high? A reverse index is whether the oil smuggling. By November 5, don't consider lag situation, Singapore imports gasoline tax than Shanghai securities market retail price low about 800 yuan/ton, rather than Shanghai import duty diesel retail market price is low 4.5m yuan/ton, together with the increase of 480 yuan/ton, if oil prices steadies or profits, smuggling oil. Previously, smuggling active is a fact.

On November 10th, after a year, the static measurement pricing, thickening sinopec, petrochina 0.365 performance 0.149 yuan RMB. And in the circumstances, has been rising oil prices, China's $10 a barrel of oil performance thickening, sinopec treatment thickening 0.17 yuan. If oil prices to rise, the gross lock in China, and it is more favorable oil revenue haven't part with oil giant at home and abroad. Arbitrage, Even so, the oil giant is still in place, not adjustable for oil and gas waste now forcing "price of gas. Now, China petrochemical downstream products in the international market is still on fire.

Let consumers do contribution for the oil magnate to develop, but might low-carbon economy also can speak cogently, China petroleum enterprises in the financial crisis in the serious influence, China consumer market for Chinese petroleum magnate became the first company has made the contribution to petroleum enterprise should always have the gratitude. But now, the oil giant apparently consumer as suckers, let a person pay the money, but also in the sacrifice of oneself how said. This they should buy oil from abroad, but, said is the international purchase oil in the market, not all speak to it.

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