China won't manipulate oil prices, SDRC_财经新闻

China won't manipulate oil prices, SDRC

文章来源：文章作者：发布时间：2007-09-14 06:24 字体： [大中小]　进入论坛

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Chinanews, Shanghai, Sept 13 – China's strategic oil reserves might only be used in emergency cases. China will not manipulate oil prices with such oil reserves, said Hu Weiping, head of the Energy Department at the State Development and Reform Commission (SDRC), on Monday, the Shanghai Securities Journal reported.

He made the statement while attending the Sino-US oil annual forum¹. Before he made the statement, some international communities had attacked Chinese strategic oil reserve policy several times. The International Energy Agency once criticized Chinese strategic oil reserves system for lacking in transparency, stressing that the strategic oil reserves could only be used to solve the oil shortage problem.

Hu's remarks will become more meaningful at this time when China's third strategic oil reserve base, Huangdao base, is near completion.

At present, Chinese oil reserves fall far below the 90-day oil reserving average level. Even if Chinese oil reserve has reached this level one day, it may still be hard for China to control international oil market with its oil reserves, said Niu Li, an analyst² at the State Information Center.

Crude oil market is a fully³ open market. Unless there is some big incidence happening, no country in the world can manipulate crude oil prices, Niu said.

While China reserves its cotton mainly to balance the supply and demand, it stores crude oil for national security's sake, Niu noted⁴.

China doesn't store oil in order to manipulate oil prices. Rather, it reserves some oil in case there may be an oil supply shortage in the market. Days ago, when China's southern region encountered oil supply problem, police had to stand guard near the gas stations to keep the order, Hu said.

As the first four oil reserve bases are all located in the southern areas, when these oil reserve bases are put into operation, it will be less likely for these areas to encounter the oil shortage problem, Niu said.

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收听单词发音

1 forum
n.论坛，讨论会
参考例句：
They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。 The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。

2 analyst
n.分析家，化验员；心理分析学家
参考例句：
What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？ The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。

3 fully
adv.完全地，全部地，彻底地；充分地
参考例句：
The doctor asked me to breathe in,then to breathe out fully.医生让我先吸气，然后全部呼出。 They soon became fully integrated into the local community.他们很快就完全融入了当地人的圈子。

4 noted
adj.著名的，知名的
参考例句：
The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。 Jim is noted for arriving late for work.吉姆上班迟到出了名。

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