文章摘要
刘 悦.国际原油价差中的政治因素[J].国际安全研究,2013,(4):119-134
国际原油价差中的政治因素
Political Factors in the International Oil Benchmark Spread
投稿时间:2012-12-21  修订日期:2013-05-20
DOI:
中文关键词: 石油基准油  石油定价体系  西得州轻质原油  布伦特原油  原油价格倒挂  能源安全
英文关键词: oil benchmark  oil pricing system  energy security
基金项目:
作者单位
刘 悦 中国社会科学院世界经济与政治研究所,北京 100732 
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中文摘要:
      国际石油价格一直是影响各国经济发展的重要因素,同时石油定价作为一种经济问题也会威胁各国能源安全,从而转化成为政治问题。作为世界上两种最重要的基准油,西得克萨斯州轻质原油(WTI)和布伦特原油(Brent)是国际石油定价中的核心要素,两者价格从历史上来看基本趋平,但从2010年至今,这两种原油价格倒挂价差峰值大,持续时间长,从本质上改变了WTI 和Brent相互参照联动的关系。从历史上WTI和Brent四次价差拉大案例的发展变化,可以看出政治因素能够影响并左右国际石油定价的经济问题。从中国角度来看,WTI和Brent倒挂对中国来说是一把双刃剑,一方面,美国由于获得低油价优势制造成本下调,中国制造占相对优势的行业相对处于劣势;另一方面,美国WTI对油价的低估,将导致其他石油生产国更倾向于同中国合作,并且WTI影响力的下降给中国参与国际石油定价系统提供了更大的空间。
英文摘要:
      International oil pricing has always been a key factor in national economy and even in national energy security, and it can be transformed into a political issue. According to the world’s two most important oil benchmarks, WTI and Brent, the price difference from a historical point of view has been basically flattening. The phenomenon that the WTI and Brent crude oil prices spread peak lasted for a long time since 2010, shows a fundamental change in the relationship between WTI and Brent. Given the four spreads of WTI and Brent, based on historical and layer-by-layer analysis, the author argues that political factors can influence international oil pricing. From the Chinese perspective, the spread is a double-edged sword. On the one hand, the United States takes the advantage of low oil prices to lower manufacturing cost while China’s manufacturing industries are in relative disadvantage; On the other hand, the US underestimation of oil prices will make other oil-producing countries more willing to cooperate with China, and the falling influence of WTI provides a larger space for China in the international oil pricing system.
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