Today, 5 november 2025, the issue of oil prices has become a subject of discussion at the table, but this time it is good news, and the price of oil has fallen considerably overnight。
For the owners who have just been enjoying a consecutive reduction in october, it feels like another pie fell from the sky。
Looking back at these months, oil prices are moving like a roller coaster, and the heart follows the oil watch。
In october, however, the cumulative decline in the second half of the year was reduced twice, to more than 50 cents per litre, and the price of oil quickly returned to its lowest point in almost four years。
It didn't hurt that much。
But the market thing, the face gets faster than the sky。
The international oil prices have been winding up before the happy drop in october。
International crude oil prices have rebounded particularly in the last two weeks, rising more than before。
The wind soon hit the country, and the timing of the new round of oil price adjustments is only half past, and the burgeoning of prices is already evident。
In particular, today, the new pricing cycle has run for six working days, with a crude oil rate of 3. 46 per cent, which is estimated to increase by $165 per ton。
The price we care about when we refuel is about to increase by 0. 15 to 0. 17。
This means that next monday, 10 november, at 12 p. M., we are likely to encounter a very high price adjustment。
Behind that is, of course, international oil prices。
The latest figures show that the price of wti light crude oil has climbed to $61. 03 per barrel and brent crude oil to $64. 75 per barrel。
Although the increase appears modest, ranging from 0. 08 per cent to 0. 17 per cent, the steady increase in this warm water-cooked frog type is putting real pressure on domestic oil prices。
Those who know how to do so say that the policies of some oil-producing countries are now likely to reduce world oil supplies by between 500,000 and 1. 5 million barrels a day, and that once supplies are strained, oil prices will have a bottom line in the short term。
Jim burkhard, vice-president of global, said that, fundamentally speaking, the demand for oil was still strong, and that there was even a “oil-to-buyer” situation on the market, which might continue to push oil prices upwards, and ultimately our consumers would pay for it。
Morgan stanley's analysts also said a key thing。
Opec+ decided not to increase production in the first quarter of 2026, and although it did not change production immediately, it sent a clear signal that the oil-producing countries were watching the market and carefully controlling the water tap。
They still have almost 1. 2 million barrels of production capacity per day, but the actual supply has not increased as fast as anyone thought, because some countries have to make up for the excess production they had before, or have to increase their production。
Once opec+ announced this decision, morgan stanley immediately raised the short-term price projections for brent crude oil。
Even so, they cautioned the market against the risk of “serious oversupply” in the future。
The united arab emirates has spoken out, standing with other oil-producing countries, to keep everyone from worrying about oversupply。
After all these big things, let's look at the price of the gas station next to ourselves。
With the most popular of all, the price is much worse across the country。
The best friend in xinjiang (urumqi) is the price of cabbage for the whole country。
And hainan's friends would have to pay $7. 96 a litre, which is really high。
Overall, the price of heilongjiang and jilin in the northeast is $6. 8 and liaoning is slightly higher, $6. 93。
Beijing, tianjin and hebei in north china are almost all around $6. 83。
The prices in east and central china are also mostly in a small circle of $6. 8 to $6. 85。
Oil prices are generally higher in the south-west, with yunnan approaching $7, $6. 99, and sichuan and chongqing moving up $6. 9。
In addition to being cheaper in the northwest, ningxia and xinjiang, it is similar to the national average。
And look at gasoline 95, the price gap is even greater。
In most parts of the country, 95 is 40 to 60 cents more expensive than 92。
Hainan's gas 95 was sold at $8. 44 a liter, and it's nothing but dust。
Yunnan's gasoline 95 was also sold at $7. 5。
The cheaper place is in the north-west, where petrol 95 in shaanxi is $7. 11, xinjiang $7. 10 and ningxia $7. 13。
Most cities in north and east china, such as beijing, tianjin, shanghai and jiangsu, have prices between $7. 2 and $7. 3。
So, while today's title is “the oil price drops”, it's more like a little quiet before the storm。
While we are enjoying lower oil prices now, we have to prepare for the price increases that may come next week。
