For the unrest in the Middle East and other reasons, the international crude oil prices to a certain degree of turbulence in 2011, while it will return to fundament with the stabilization of the situation in the Middle East. In China, oil production steadily maintained with an increase and the imports of crude oil goes up. The refined oil import holds a little part with an unreasonable pricing mechanism. In 2012, the main factors affecting international crude oil prices include Middle East politics, the European debt crisis, the U.S. economic trends and prospects of emerging economies. Chinese coal price dropped significantly in 2011. The coal price has a close relationship with Chinese economic and international crude oil prices. The natural gas production rate of growth slowed down in China, and the gas imports will increase in 2012. In 2011, the generation of electricity grows rapidly. The electricity supply and demand will keep in balance in 2012, with a structural power shortage which is difficult to change.
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