Recently, the United States and Japan announced the release of oil reserves and sold 70 million barrels of oil. However, oil prices did not fall, but rose to a higher level.
According to reports, after the United States officially announced the release of 50 million barrels of crude oil on the 23rd, the prices of New York Mercantile Exchange crude oil futures and London Brent crude oil futures rose by 2.28% and 3.27% respectively.
At present, summarizing the releases of India, Japan, South Korea, the United Kingdom and other countries, the crude oil reserves released by this multi-country joint are expected to be 65 million to 70 million barrels in the short term, while the global average daily oil demand is about 100 million barrels. Obviously In a drop in the bucket, oil prices are now at their highest level in seven years.
High oil prices have a great impact on my country. Although China is also one of the world's major oil producers, its output in 2020 will be only about 200 million tons, and the import of crude oil will exceed 540 million tons, with an import value of 12.217.6 billion yuan.
Regarding the current situation, Zhou Dadi, former director of the Energy Research Institute of the National Development and Reform Commission, said in an interview that my country should do two things in the future:
First, try not to increase unreasonable production capacity. For example, do not export a large amount of refined oil after importing a large amount of crude oil, or even export a large amount of petrochemical products.
Second, actively adjust the industrial structure and accelerate the conversion from oil to electricity. At present, 80% of China's oil is used for transportation. If this part is electrified, China's dependence on imported oil will be weakened in the future.
In recent years, China has imported an average of more than 240 billion U.S. dollars of oil and gas each year. If the volume of oil imports is reduced, the pressure on import prices will also decrease.
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