1. 1 oil consumption income elasticity
1. 1. 1 oil consumption elasticity coefficient
1. 1.2 unit GDP fuel consumption
1. 1.3 per capita GDP and per capita oil consumption
1. 1.4 Oil consumption and industrial structure changes
1.2 oil consumption price elasticity
1.2. 1 Long-term price elasticity of oil consumption
1.2.2 Short-term price elasticity of oil consumption
1.3 Oil production price elasticity
1.3. 1 Natural Law of Oilfield Production
1.3.2 Basic economic characteristics of oilfield production and crude oil processing
1.3.3 Long-term price elasticity of oil production
1.3.4 short-term price elasticity of oil production
Oil market and its financial attributes
2. 1 History and current situation of international oil price system
2. 1. 1 Evolution history of international oil price system
2. 1.2 Current situation of international oil price system
2.2 Current situation of international petroleum derivatives market
2.2. 1 Temporal and Spatial Distribution and Competition Pattern of Petroleum Derivatives Market
2.2.2 Product Structure of Petroleum Derivatives Market
2.2.3 Trading Scale of Petroleum Derivatives Market
2.3 the impact of the petroleum derivatives market on the petroleum base market
2.3. 1 market participant structure and investment strategy of petroleum derivatives
2.3.2 Financial strength of institutional investors such as funds
2.3.3 Reasons for institutional investors such as funds to enter the commodity market
2.3.4 Influence of institutional investors such as funds on oil futures prices
2.3.5 Convergence between spot price of crude oil and futures price and its influence
2.4 Examples of structured products in OTC petroleum derivatives market
The New Trend of the World Oil Market Game
3. 1 Basic pattern of supply and demand in the world oil market
3.2 0PEC countries' control over the oil market declined.
3.2. The economic and social development of10 pec countries is excessively dependent on oil exports.
3.2.2 Insufficient investment leads to insufficient surplus capacity in 0PEC countries.
3.2.3 0PEC internal system is facing new challenges.
3.2.4 Challenges from Non-OPEC Countries
3.3 The influence of major consumer countries on the oil market has been greatly enhanced.
3.3. 1 The dependence of economic development of major consumer countries on oil has decreased.
3.3.2 Western developed countries have collected a lot of taxes from oil consumption.
3.3.3 Western developed countries have established a perfect inventory adjustment mechanism.
3.3.4 The development of multinational oil companies has improved the ability of developed countries to resist price risks.
3.4 The new development of the game in the world oil market
3.4. 1 Oil prices jumped to a new level.
3.4.2 The cost of petroleum exploration and development has risen sharply.
3.4.3 The forecasting effect of inventory changes on oil prices is weakened.
3.4.4 Resource nationalism is on the rise.
3.4.5 Petroleum plays a very prominent role in the international monetary system.
3.4.6 The restructuring of the world oil market is just around the corner, and China faces a rare opportunity.
3.4.7 The structural contradictions in the oil market are prominent, and the oil refining capacity restricts the oil supply.
4 China petroleum market system status quo
4. 1 Current situation of oil market system and price system in China
4. 1. 1 Basic pattern of oil supply and demand in China
4. 1.2 Basic pattern of oil and gas exploration and production in China
4. 1.3 Oil import and export pattern in China
4. 1.4 Basic pattern of oil circulation in China
4. 1.5 China crude oil and refined oil price system
4. 1.6 China petroleum tax system
4. 1.7 social oil enterprises and hidden oil market
4.2 The main problems existing in the current oil circulation system and price system
4.2. 1 circulatory system problems
4.2.2 Problems in the price system
4.3 Suggestions on reforming China's oil circulation system and price system
4.3. 1 Formulate non-discriminatory market access conditions to promote the diversification of market players.
4.3.2 Gradually liberalize the right to operate oil imports and promote the diversification of supply sources.
4.3.3 Improve the supporting reform mechanism and gradually promote the market-oriented reform of oil prices.
Present situation of spot market and futures market of fuel oil in China
5. 1 World Fuel Oil Market Status
5.2 spot market status of fuel oil in China
5.2. 1 fuel oil market policy and system status
5.2.2 Fuel oil production, import and export market
5.2.3 Consumption and demand of fuel oil market
5.2.4 Fuel Oil Import Pricing and Cost Calculation
5.3 Current Situation and Development of Shanghai Fuel Oil Futures Market
5.3. 1 The position of Shanghai fuel oil futures market in the global oil market structure
5.3.2 Operation of Shanghai Fuel Oil Futures Market since its listing
5.3.3 Economic Function of Shanghai Fuel Oil Futures Market
5.3.4 Development and Prospect of China Oil Futures Market
Futures Market and Strategic Security of China Petroleum
6. 1 the meaning of oil security
6.2 The new trend of oil safety
6.3 Strategic Petroleum Reserve and National Petroleum Security
6.4 Futures Market and National Oil Security
6.4. 1 Use the futures market to form trading rules in the oil market that are in line with China's interests.
6.4.2 Use the futures market to form a price signal reflecting the relationship between supply and demand in the China market.
6.4.3 Use the futures market to promote the construction of commercial oil storage and transportation system.
6.4.4 Use the futures market to improve the macro-control effect.
6.4.5 Use the futures market to improve the ability of enterprises to cope with price risks.
6.4.6 Use the futures market to develop China's petroleum financial system.
6.5 Suggestions on the service of the oil futures market for the national strategic oil reserve
6.5. 1 How does the oil futures market serve the national strategic oil reserve?
6.5.2 Examples of Commercialization of Strategic Reserve and Utilization of Futures Market
6.5.3 Preliminary Suggestions on Strategic Reserve Oil Depot Utilizing Futures Market
6.6 Build a multi-level and all-round strategic system of petroleum security.
Futures Market and Risk Management of Petroleum Enterprises
7. 1 the current situation of western multinational oil companies using derivatives
7.2 Status of China Petroleum Enterprises Participating in Petroleum Derivatives Market
7.3 China petroleum enterprises to participate in the oil derivatives market.
7.3. 1 The perfect oil futures market system has not yet been established, and it is very risky to participate in foreign markets.
7.3.2 Enterprises' participation in the oil futures market is bound by traditional concepts.
7.3.3 Enterprises' participation in the futures market is bound by the current accounting system and performance evaluation system.
7.3.4 The risk control mechanism for enterprises to participate in the oil futures market needs to be improved.
7.4 The Realistic Choice of China Government and Enterprises
The basic idea of establishing China's modern oil market system
8. 1 China's target model of establishing a modern oil market system
8. 1. 1 unified, open, competitive, orderly and standardized modern oil market system
8. 1.2 Multi-level market system including spot forward trading and futures trading.
8. 1.3 Diversified sources of supply and diversified market players
8.2 Basic market conditions for building a modern oil market system in China
8.3 China's strategic plan for building a modern oil market system
8.4 Objectively understand the function of the oil futures market
8.4. 1 The futures market is an inevitable product of improving the structure of the spot market.
8.4.2 The basic function of the futures market is to discover the real price reflecting the market supply and demand.
8.4.3 Moderate speculation is a necessary condition for market liquidity and market efficiency.
8.5 Basic ideas for the construction of China oil futures market
8.5. 1 General market conditions for developing the oil futures market
8.5.2 Favorable conditions for China to develop the oil futures market.
8.5.3 Basic ideas for developing China refined oil futures market.
8.5.4 Basic ideas for developing China crude oil futures market.
appendix
Appendix I World Oil Production, Consumption and Price
Appendix II Changes of Different Crude Oil Production in the World
Appendix III Global Energy Futures Option Trading Data
Appendix IV Energy Production, Consumption and Import and Export Data of China
Appendix V Conversion Table of Units of Measurement for Crude Oil and Petroleum Products (approximate value)
refer to
postscript
……
Oil news
According to the announcement issued by State Taxation Administration of The People's Republic of China recently, starting from 2013101,the products that are liquid (except asphalt) under normal temperature and pressure conditions produced and processed by taxpayers will be subject to consumption tax according to regulations. According to the tax rate of naphtha 1 yuan/liter or fuel oil 0.8 yuan/liter. According to industry insiders, private gas stations should be the most affected by this new policy, because most private gas stations use blended oil, mainly because the wholesale price of blended oil is far lower than that of PetroChina and Sinopec (about 500 yuan-1500 yuan/ton). The increased cost of blending oil due to consumption tax will undoubtedly be passed on to private gas stations. Private gas stations are facing greater survival pressure. Only when the increased taxes and fees are passed on to consumers will oil prices rise again.