This is a common problem of many friends who have just come into contact with the crude oil market. In fact, there are many kinds of international crude oil, and the prices of crude oil in different regions are inconsistent. It is necessary to discuss clearly what is the international crude oil price system. The international crude oil price system contains many contents, such as official price of OPEC, official price of non-OPEC, spot market price, futures market price, barter trade price, net repurchase price and price index. , reflecting the pricing power in different regions and in different ways. The international crude oil price mainly refers to the weighted average price change rate of crude oil prices in three places. What is the price of crude oil? According to the Measures for the Administration of Petroleum Prices, when the average price of international crude oil changes by more than 4 percentage points for 22 consecutive trading days, the domestic refined oil prices can be adjusted accordingly. Among them, the average international crude oil price is based on the weighted average price change rate of Brent crude oil in the North Sea, Dubai in the Middle East and Thaksin crude oil. "Three places" refers to Brent in the North Sea of the United States, Dubai in the Middle East, and sunda strait North Oil Port between Java and Sumatra. Brent crude oil in North Sea is produced in Brent area of North Atlantic, and transcontinental trading in London and all futures trading in American commodity market are one of the important benchmarks of crude oil futures market. Brent crude oil, also known as Brent crude oil futures, low-sulfur crude oil produced in Beihai is also of standard quality and is the mainstream trading variety in the crude oil market. Brent crude oil has a daily output of 500,000 barrels, which is produced in shetland islands. It is mainly processed and refined in northern Europe, and a small amount is processed in the east coast of the United States and the Mediterranean region. Dubai crude oil in the Middle East is a kind of crude oil produced in the United Arab Emirates, and it is the main pricing label of sour crude oil, which is the most prominent among the pricing standards of crude oil exported from the Middle East to Asian countries. The main crude oil trading variety of Singapore Stock Exchange is Dipai acid crude oil futures. The latest crude oil prices in the three places include the terminal Dubai crude oil price parameters. If you want to have an overall summary of the worldwide cause price system, you can look at the crude oil price index. Download the real-time price trend software of baoti crude oil, which is called "continuous crude oil". As long as you install one in the computer, you can see the overall trend of global crude oil prices. This crude oil price index, like the US dollar index and the Shanghai Composite Index, is an important basis for the whole market trend.