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The next two months are the season in which the demand for oil products in China fluctuates greatly. It is also the season in which the demand for oil products varies greatly. Demand for diesel will gradually increase. In February, due to the low utilization rate of agriculture and infrastructure construction, the demand for diesel oil was relatively light; in March, with the gradual commencement of various economic work, the demand for diesel fuel rose; by April, the country’s agriculture was gradually entering a busy season, and infrastructure was normal. Demand. Despite the fact that the low operating rate of some industries in the Spring Festival in February affected diesel demand, due to better weather this year, demand for diesel will still grow by an average of 5%.
The trend of gasoline and kerosene demand is opposite to the demand for diesel fuel, showing a gradual decline. Due to Spring Festival travel and relatively good weather, gasoline and kerosene demand was strong in February. With the gradual passing of people's travel in the Spring Festival, the demand in March and April weakened. The average year-on-year demand for steam kerosene increased by about 7%.
The demand for chemical light oil is similar to that of diesel oil and is estimated to increase by about 10% year-on-year. The demand for fuel oil is affected by the better supply of coal and electricity, and the rapid development of alternative energy such as LNG has been affected, and will have decreased compared to the same period of last year.
With the increasing reduction of global natural resources and the intensification of environmental pollution issues, electric vehicles, as an environmentally friendly means of transportation, have begun to receive public attention. Due to the use of electric energy as energy, electric vehicles have lower pollution and noise compared to traditional fuel vehicles, reducing the harm caused by exhaust emissions to the atmospheric environment.
It is expected that domestic gasoline demand will increase by 7% year-on-year in the next two months
According to CNPC experts, the demand for domestic crude oil will be greater in the next two months; diesel demand will gradually increase, with an average increase of around 5% year-on-year; demand for gasoline and kerosene will gradually decrease, with an average increase of approximately 7% year-on-year.