Core Viewpoint - The domestic fuel prices in China are set to increase for the seventh time this year, with gasoline and diesel prices rising by 125 yuan and 120 yuan per ton respectively, effective from November 10, 2023. This adjustment reflects the ongoing fluctuations in the global oil market and seasonal demand changes [1][3]. Group 1: Price Adjustments - The price of gasoline will increase by 5 yuan for a typical family car with a 50-liter fuel tank [1]. - This marks the 22nd adjustment of domestic oil prices this year, with a total of 7 increases, 9 decreases, and 6 instances of no change [1]. Group 2: Global Oil Market Dynamics - The international oil prices have shown narrow fluctuations during the recent adjustment period, with Brent crude oil futures oscillating between 63 to 65 USD per barrel [3]. - Factors such as the prolonged U.S. government shutdown, unexpected increases in U.S. crude oil inventories, and ongoing geopolitical tensions (e.g., the Russia-Ukraine conflict) are contributing to market concerns about economic outlook and oil supply surplus [3]. - Seasonal demand is anticipated to rise due to colder weather in the U.S., which may increase heating oil requirements, potentially supporting oil prices [3].

Core Viewpoint - A new round of domestic fuel price adjustments will take effect on November 10, with gasoline and diesel prices increasing slightly due to fluctuations in international oil prices [1][4]. Group 1: Price Adjustments - From November 10, the retail price of gasoline and diesel will be raised by 125 and 120 yuan per ton, respectively, leading to an increase of 0.10 yuan per liter for 92-octane gasoline, 95-octane gasoline, and 0-octane diesel on average nationwide [1]. - Filling a 50-liter tank with 92-octane gasoline will cost an additional 5 yuan [3]. Group 2: Market Conditions - The global crude oil market is currently characterized by an overall supply surplus [4]. - Geopolitical risks, particularly tensions between the U.S. and Venezuela, could escalate, potentially impacting Venezuelan oil supply [4]. - Seasonal demand for heating oil is expected to rise as winter approaches in the Northern Hemisphere, which may provide support for oil prices [4].