Spot oil is also called spot crude oil and international crude oil. In China, no unit may conduct standardized contract trading (including spot crude oil trading) by means of centralized bidding, electronic matching, anonymous trading, market makers, etc., except for the establishment of futures trading places approved by the futures regulatory authorities in the State Council or the State Council according to law.

Extended data:

1 China developed crude oil relatively late. From the first oil well to the Second World War, the United States once controlled two-thirds of the world's crude oil production, while China's annual oil production was only1.2000 tons.

The oil resources and reserves of the United States far exceed those of China. The proven oil reserves of the United States are 48.5, while that of China is only 18.5 (unit: billion barrels). At the same time, the population of the United States is less than a quarter of that of China. The United States "has more oil but less people", while China "has less oil and more people".

China's oil price just looks "expensive". The main reason is that domestic oil prices include not only crude oil prices, but also the costs of refining, oil transportation and gas stations. Finally, add fuel tax. Take 92 # gasoline with a price of 5.67 yuan/liter as an example. If tax is not included, the price per liter should be 2.95 yuan, which is actually the same as that of most gas stations in the United States.

References:

Spot oil? Baidu baike