Study on Mechanism for Pricing of Chinese Crudes and Recommendations on Improvement of Pricing System

摘要

Crude oil is the most important basic energy in the world nowadays and is closely connected with the development of national economy, consolidation of national defense and the living standard of the people. Changes in crude price can have a decisive impact on a nation's political and economic situation. Hence the government of every country sticks great importance to control over crude oil resources and adjustment of crude price to assure the stabilization of its domestic crude oil market.