Alteration Factors Of Crude Crude Oil Price And Solution Analysis Of Impact

Our dependence on foreign oil import reached51.171%in2009, and become the world’s second largest oil-consuming country, a significant increase in China’s oil import dependence and the high international oil prices are bound to impact on the domestic oil industry, this tends to happen through certain mechanism. Studying the impact of fluctuations of international oil prices on China’s oil industry can actively adjust China’s oil industry to cope with the change of international oil prices, strengthen domestic oil industry’s ability to resist risks. Firstly, the distribution of international oil reserves, production, trade status were analyzed. Then following the way from phenomenon to the nature of supply and demand, made comprehensive and systematic analysis of factors affecting the oil price variation, in which the reserve-production ratio, supply and demand, oil production cost, the monopoly of the international oil companies, and political factors etc.Basing on summary of the international oil price variation mechanism, carried out deep analysis of the high oil price affection to upstream and downstream prices of world oil industry. By comparing the distribution and trade of the world crude oil, reviewed the status of China’s oil industry. Ultimately identify the impact of high international oil prices to national oil industry, and accordingly provided constructive and preventive recommendations as well as countermeasures.