Forecasting international oil price is one of the hot issues of research for each country in the world.

By the year of 2005,international oil price has kept on high level for 3 years and set new records many times.

With the sharply rise of international oil price in recent years, the profits of oil and gas enterprises have improved evidently, which means great opportunities and challenges to the newly restructured drilling industry.

The paper utilizes a model of econometrics to carry out a qualitative analysis of the relations between the international oil prices and the domestic coal prices and then proposes relevant suggestions to the Chinese coal mine companies.

It is predicted that international oil prices will continue to hover around US60-80/bb(?),a relatively reasonable price range,in the second half of 2009 and that the business climate index for the Chinese petroleum and petrochemical industry will remain low.

Analysis of the Effect on Chinese Economy by the Fluctuation of International Crude Oil Price;

The interference of the international crude oil price fluctuations on China\'s macro-economy will continue to deepen, so I begin my research with the international crude oil prices, as a discussion of the Econometrics, this paper has a certain theoretical and practical significance.

A Co-integration Analysis on RMB Exchange Rate and International Oil Price

So, research on the relationship between the oil price and our economic development,on the basis of integrating international oil price tendency with our economic development principle,will be necessary and helpful to deal with the impact of oil price fluctuation proactively,and further,to keep our economic growth.