On August 16, the price trend of refined gasoline and diesel in Shandong continued to rise. The price of 92# gasoline in China was 8,916.6 RMB/ ton, and the price of 0# diesel in China was 8,251.2 RMB/ ton. The price trend of gasoline and diesel in the field was rising, the start-up of refinery units was slightly lower, and the production and sales rate was good. Affected by the national military exercise and the withdrawal of Sinopec and Sinopec from the United States, the price of domestic refined oil rose. The transaction price of 92# gasoline for National VI Standard was 8,800-9,000 RMB/ ton; The transaction price of 95# gasoline for National VI Standard was 8,900-9,100 RMB/ ton; The transaction price of 0# diesel for vehicles of National VI Standard was 8,200-8,400 RMB/ ton. The demand for gasoline was normal. The travel radius of private cars in the summer is increased, but the epidemic has suppressed the demand. The price of gasoline is still rising. Recently, the demand for diesel is increasing, and the supply is decreasing. The price of gasoline and diesel in the field is rising.

The settlement price of the main contract of WTI crude oil futures in the United States was US $89.41/barrel, down US $2.68 or 2.9%; The settlement price of the main contract of Brent crude oil futures was US $95.10/barrel, down US $3.05 or 3.1%. Mainly affected by the expectation of global economic recession, China's economic data is weak, and the social finance data is far lower than expected. In addition, the Iranian nuclear talks have surfaced again, and the oil price is under pressure. However, the demand of the oil product market is still supported, and it is expected that the price of the oil product will rise in the later period in China.

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