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The import price of oil is higher than that of exports, but the domestic import is 512.978 million tons in one year, and the export is 60.305 million tons

author:Knowledge watchman

Now at a time when domestic oil prices continue to rise, more and more drivers are worried about the high cost of refueling.

After March 17 this year, the domestic petroleum research institute predicted that domestic oil prices will enter the "9 yuan era".

At present, 8 yuan of gasoline makes the majority of drivers say that they can't stand it, and if they enter the 9 yuan era, it is bound to be more difficult to afford.

For a time, everyone questioned why oil prices were getting more and more expensive.

The import price of oil is higher than that of exports, but the domestic import is 512.978 million tons in one year, and the export is 60.305 million tons

Some say it is because the international situation has led to a decrease in oil production and soaring prices.

Although there is a certain truth, everyone has always had a misunderstanding of petroleum products.

Domestic gasoline or diesel are processed through crude oil.

The so-called crude oil and oil are not strictly equivalent.

Petroleum refers to the resources of fossil animals and plants that have been deposited for hundreds of years and thousands of years and stored in the earth's crust.

And once we extract them from the earth's crust through the extraction of machinery and equipment, they are called crude oil.

Therefore, it can be understood that although oil and crude oil are essentially a class of things, they are called differently because of different storage environments.

After refining and refining crude oil products, it has become gasoline, diesel and other products that we are exposed to.

But what is strange is that the current domestic crude oil import price is much higher than the export price.

In other words, the crude oil we buy for our own use is expensive, and the price of crude oil exported to foreign countries is cheaper.

The import price of oil is higher than that of exports, but the domestic import is 512.978 million tons in one year, and the export is 60.305 million tons

Why?

This year, The country released the previous year's crude oil import data.

In 2020, China imported a total of 543 million tons of crude oil, spending 1.22 trillion yuan.

In the same year, China exported 45.74 million tons of crude oil.

If the equivalent conversion is followed, the price of exported crude oil is lower than the price of imports.

The same crude oil products, why the price of different situations?

There were two reasons for that.

First of all, the domestic export is not crude oil, but gasoline and diesel products obtained through crude oil processing.

It is reasonable to say that with the processing link, the added value of the product should be higher, but gasoline and diesel are not like this.

Crude oil can be stored for a long time through storage, but gasoline and diesel have a fixed service life.

If stored for a long time, these products will be volatilized, and the value will be impossible to talk about.

The import price of oil is higher than that of exports, but the domestic import is 512.978 million tons in one year, and the export is 60.305 million tons

Therefore, in order to export these products as soon as possible, the price naturally cannot be compared with the imported crude oil products.

Secondly, most of these products are produced by processing and producing crude oil produced in China.

Most of these crude oils are relatively low-quality categories, so naturally they cannot be sold at high prices.

Some people may ask, who will buy low-quality gasoline diesel?

According to the import and export of crude oil products since 2016, most of them have been bought by Southeast Asian countries.

Although some of these countries can also produce large amounts of oil and crude oil, their own processing and purification technology is not in place.

Therefore, they often choose to export a large amount of crude oil and buy a lot of gasoline and diesel.

Moreover, the economic development level of these Southeast Asian countries is relatively backward, and the quality requirements for the quality of these processed oil and gas products are relatively low, so it has become the most ideal sales market.

It is precisely because of such a huge consumer market that China will spare no effort to choose low-priced exports.

The import price of oil is higher than that of exports, but the domestic import is 512.978 million tons in one year, and the export is 60.305 million tons

In 2021, China exported a total of 60.305 million tons of crude oil products abroad.

But some people have also questioned whether the cost of buying crude oil at a high domestic price should not be added to consumers?

It's not that simple.

China has been operating under a model that limits the price of gasoline and diesel.

To put it simply, no matter how the international oil price rises, as long as it exceeds the oil price standard set by China, the excess is all borne by the state.

At present, the maximum price of a barrel of crude oil in China cannot exceed $130, and even $1 is subsidized by the state.

Therefore, everyone does not have to worry about the problem of wool on the sheep.

In 2021, China imported 512.978 million tons of crude oil, which has a greater easing effect on the soaring oil prices in China.

It is worth mentioning that in March this year, Saudi Aramco restarted its plan to cooperate with China to build an oil refinery.

In accordance with Saudi Aramco's commitment, it will supply China with 210,000 barrels of crude oil per day when it is completed and put into operation in the future.

The import price of oil is higher than that of exports, but the domestic import is 512.978 million tons in one year, and the export is 60.305 million tons

Therefore, at present, oil prices continue to rise, and there is not much room for growth.

On the contrary, with the increase in the supply of crude oil, there will be a gradual trend of price decline.