Constant rise of oil prices in 2006
1.The output growth of crude oil presents a declining trend
The output of crude oil in China increased again in 2006. It reached analltime high monthly output of 15.736million tons in July 2006. Due to therestriction of resources, however, thegrowth of crude oil production sloweddown in 2006. Impacted by factorssuch as the large volume of importsand the low activity in refining, in August and September 2006 in particular,crude oil had a relatively high inventory and the growth of productiondropped considerably. The output ofcrude oil in China was 137.929 milliontons from January to September 2006,an increase of 1.7% over the same period of 2005.