Core Insights - The current expectation is for a price increase of 45 yuan/ton for oil, with a potential rise of 75 yuan/ton compared to the previous day's forecast, nearing the upper limit for price adjustments [1] - International oil prices have surged significantly due to optimistic market sentiment regarding the end of the U.S. government shutdown and sanctions affecting Russian oil exports, leading to a shift from a decline to an increase in domestic oil prices [3] - Recent market performance shows U.S. crude oil rose by 1.75% to $60.98 per barrel, while Brent crude increased by 1.80% to $65.09 per barrel, indicating volatility in oil prices [3] Market Dynamics - Analysts suggest that the short-term rise in oil prices is primarily driven by market risk premiums rather than fundamental supply-demand adjustments [3] - There are indications that India is reducing its December orders for Russian oil while increasing purchases of U.S. oil, which may tighten supply expectations and elevate oil prices in the short term [3] - Upcoming reports, including the EIA's monthly short-term energy outlook and the API crude oil inventory report, are expected to contribute to ongoing price fluctuations [3] Regional Price Adjustments - The following are the expected prices for various fuel types across different regions in China: - Beijing: 92 gasoline at 6.94, 95 gasoline at 7.39, 98 gasoline at 8.89, 0 diesel at 6.62 [4] - Shanghai: 92 gasoline at 6.91, 95 gasoline at 7.35, 98 gasoline at 9.25, 0 diesel at 6.56 [4] - Guangdong: 92 gasoline at 6.96, 95 gasoline at 7.54, 98 gasoline at 9.54, 0 diesel at 6.59 [4] - The price adjustments are set to take effect on November 24 at 24:00 [1]