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Adjustment in 皇冠体育app's oil import policy is needed
By Xuan Xiaowei
Date: 2004/11/10
Abstract:
皇冠体育app is now the second largest oil consumer in the world and the arch nation in terms of oil consumption growth . Changes in 皇冠体育app’s demand on oil exert strong impact on international oil market. 皇冠体育app is facing a dilemma in oil importing business: the more it buys the higher is the price, and that the higher the price the more it demands, due to a number of internal problems such as great variation in importing quantities, opaque price information, and flawed pricing mechanism in domestic market. Given the fact that 皇冠体育app is bearing huge price cost unnecessarily in terms of oil import, it should publicize its oil market information in time to encourage domestic oil companies to participate in the hedging business in the futures market, and improve the pricing mechanism in domestic market.
