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Delhi has also said that OPEC is not ready to cut production. IEA report shows that increase the impact of Iraq, Saudi Arabia and other countries, OPEC's June average daily crude oil production increased to 3170 million barrels, 3-year high. In addition, the market for the Fed to start raising interest rates during the year is expected to increase, the dollar also reduces the investment attractiveness of dollar-denominated oil. Meanwhile, although the United States once the national commercial crude oil inventories unexpectedly fell for the international oil prices rose slightly, but failed to reverse the overall international crude oil prices throughout the pricing period, down trend. China in the end of March 2013, the introduction of refined oil prices improved after the formation mechanism. Under the new mechanism, domestic gasoline and diesel prices once, when the price rises of less than 50 yuan per ton, not adjusted changes in international oil prices adjusted every 10 days, or to offset the cumulative price adjustment included in the next time. The reduction, if implemented, will be the fourth consecutive time since June this year, lower domestic gasoline and diesel prices, the seventh this year also reduced. Long petrochemical market institutions public network analyst Li Yan said that the Greek debt crisis worsened, increasing the risk of possible exit from the euro, as well as the smooth progress of the Iranian nuclear issue, is expected to ban oil exports weighed on the market is the recent two bearish. And from the bearish supply and demand fundamentals and the economic side of the fundamental factors affecting the international crude oil price movements, and may in the future continue to put downward pressure on international oil prices. If there is not enough good third quarter, it is expected to be difficult to reverse the pattern of low oil prices. From the supply side, the US crude oil production has reached record highs 960 million barrels / day, the amount of oil drilling and more recently ended decreased rebound. OPEC output steady out by dark, Saudi Arabia, Iraq and the UAE are the highest on record. From the demand side, the global economic recovery difficult, China's economic slowdown, no doubt drag on demand expectations. The strong dollar will further pressure the international oil prices. So far this year, domestic gasoline and diesel prices have experienced 14 price adjustment period, six times lower, raised five times, three times 'stranded.' Gasoline prices increased 100 yuan per ton, the cumulative, diesel prices up 30 yuan per ton cumulative; equivalent to 90 per liter, retail gasoline prices up by 0.07 yuan, up by 0.01 per liter for diesel 0 yuan. The price drop