In 2004, the international oil price continued to rise, which attracted worldwide attention. At the beginning of June 5438+ 10, 2004, the price of the New York Mercantile Exchange oil futures was about $32 per barrel, but in June 5438+ 10, the international crude oil futures price actually reached $55.67 per barrel, with an increase of 73%! This undoubtedly casts a shadow over the development prospects of the world economy.

According to the estimation of the International Monetary Fund, for every $5 increase in oil prices, the global economic growth rate will be reduced by about 0.3 percentage points.

The continuous rise in oil prices has also increased the cost of enterprises and compressed the profit margin, especially in the fields of aviation and automobiles. In the face of high oil prices, although the economic growth in Asia has not slowed down significantly, the inflationary pressure brought about by it is obvious.

According to the report "Short-term Energy Outlook in February 2007 +65438" issued by the US Department of Energy and Information, it is estimated that the average global crude oil demand will reach a record of 8710.6 million barrels per day in two years, an increase of10.38 million barrels per day over the two-year level, with an increase of 654.38+0.6%. The previous month is expected to increase by 6.5438+0.46 million barrels per day, and the expected increase is 654.38+0.7%.