From the supply side, domestic crude oil production is weak. Since 20 15, the domestic crude oil output has remained at 1.9 to 220 million tons. In 202 1 year, China produced crude oil198.98 million tons, up 2.4% year-on-year.
The price of crude oil has risen by 65% this year, reaching $83 a barrel. In most parts of the United States, the price of gasoline is above $3 per gallon, which is higher than 20 14 at any time, and the inventory is at the lowest level in five years. At the same time provide 30% for the United States.