Study of Effect Factors to Crude Oil Import in China
Yang Liu
Abstract
Yang Liu
Abstract
It is necessary to explore the main factors that affect crude oil import for a better understanding of crude oil import and healthy development of oil industry in China. By illustrating and analyzing crude oil import in China,the main factors influencing crude oil import were as follows: the relationship of domestic crude oil supply and demand fundamentally affected the quantity of crude oil import,and national policy in our country made an important role in guidingcrude oil import,and crude oil transportation was directly related to the quantity and safety of crude oil import. At the same time,the international crude oil price impacted sources,types and quantity of crude oil import in a certain extent.
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It is necessary to explore the main factors that affect crude oil import for a better understanding of crude oil import and healthy development of oil industry in China. By illustrating and analyzing crude oil import in China,the main factors influencing crude oil import were as follows: the relationship of domestic crude oil supply and demand fundamentally affected the quantity of crude oil import,and national policy in our country made an important role in guidingcrude oil import,and crude oil transportation was directly related to the quantity and safety of crude oil import. At the same time,the international crude oil price impacted sources,types and quantity of crude oil import in a certain extent.
Key concepts: Crude oil, Crack spread, China, Business, Environmental science, Agricultural economics, Petroleum engineering, Economics