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Analysis and Prediction of the Supply and Demand of China's Petroleum Products

In: Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023)

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  • Yuanqun Zhang

    (Northeast Sales Dalian Branch of Petrochina Company Limited)

Abstract

In the face of the changes in the operation of international crude oil prices caused by externality market factors such as the continuous fluctuation of international oil prices and the steady recovery of domestic oil product sales, this paper first analyzes the oil product market environment, and then introduces the completion of major indicators in the eastern region of PetroChina. The supply and demand situation of China's petroleum product oil was analyzed and predicted from both supply and demand levels. After analyzing the current market situation and comparing predictions, it can be seen that oil refining and sales enterprises must actively and pragmatically respond, closely connect with various measures such as sea and land transportation capacity, grasp the market situation, and jointly promote the maximization of overall benefits in the refined oil industry chain.

Suggested Citation

  • Yuanqun Zhang, 2024. "Analysis and Prediction of the Supply and Demand of China's Petroleum Products," Advances in Economics, Business and Management Research, in: Luiz Moutinho & Carlos Flavian & Rita Yi Man Li & Qiwei Zhou (ed.), Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023), pages 406-414, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-260-6_52
    DOI: 10.2991/978-94-6463-260-6_52
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