Influences To The World Oil Companies From The Changes Of The World Oil Price

Along with economic integration and financial globalization, the energy problem has already become the focus in national economic and financial fields. Because of the special status of energy and finance in the economic development, energy shortages are not only a problem in itself but it also gradually becomes the core problem of economic growth. When looking at world energy price rises and falls since the beginning of the 21st century, compared to other periods in history, the biggest characteristic is that it has something to do with the financial market. Energy and financial integration becomes a key variable which has profound influence on the energy market prices. But our country's current energy price system is not perfect, and it still cannot achieve efficient allocation of resources. Thus profound research on China's energy price forming mechanism and conduction mechanism is necessary. As in the long run, China must have a reasonable price determining mechanism, establish a developed and perfect energy market and seek the ability to influence the international prices of energy.As China's reform and oil prices increased dependence on foreign oil, the international oil price fluctuations on the impact of China's economy is also growing. Therefore, the in-depth study on the impact of fluctuations in international oil prices on China's economy has great theoretical and practical significance to get the coping strategies of effectively reducing the impact of oil prices and the stable, sustained growth in our national economy surly.In this paper, it expounds the theory of oil pricing and oil price fluctuations firstly, recalls the history of the fluctuations in oil prices, analyses the oil price volatility of the current situation ,Next, it analyses the influencing factors of the international oil price volatility from the supply and demand, political, the dollar and futures speculation. The focus of this paper is the discussion on the fluctuations in the international oil prices on China's oil companies impact. As the most important part, the paper proposes countermeasures dealing with the fluctuations in international oil prices.