Many statistical figures on the Chinese and world oil markets in 2005 finally became available. Based on those figures, the truth about the so-called "Chinese factor" in the soaring international oil price was also disclosed - it has been seriously overplayed. The average WTI price in 2005 soared by 36.8 percent year on year to a record high of US$56.7 per barrel, while both the domestic oil consumption and oil import of China fell in the year.
展开▼
