The Impact Of International Oil Price Fluctuations On The Scale Of Oil Equipment Export

As a non-renewable energy source,oil is the lifeblood of global industrial development and its price movements have a profound impact on world politics,economies and people’s daily lives.The equipment manufacturing industry is the blood-making machine of the national economy,is the core of China’s manufacturing industry,is the manufacturing of machines,has the important task of driving the development of related domestic industrial industries,it is the heart of industrial development,is the pillar industry of the national economy,is to support the development of the country’s comprehensive national power.Therefore,analysis of international oil price fluctuations on the impact of the scale of exports of oil equipment,the rapid development of equipment manufacturing industry,has far-reaching significance.This paper elaborates on the history of international oil price fluctuations,the current situation and the reasons for the fluctuations,and an overview of the oil equipment manufacturing industry and exports to analyse the correlation between international oil price fluctuations and oil equipment exports.It also analyzes the impact of international oil price fluctuations on the export scale of petroleum equipment enterprises from multiple perspectives in conjunction with the specific situation of Company C.The article uses correlation analysis,multiple linear regression,breakpoint regression and other methods to analyse the amount of oil equipment exports and its possible influencing factors,the impact of each variable(WTI,Baltic Bulk Index,US dollar exchange rate,Euro exchange rate)on oil equipment exports,and the impact of China-US trade war shock on China’s oil equipment export situation.According to the results of correlation analysis,it is found that the export amount of oil equipment has a strong positive correlation with the international oil price,and a certain positive correlation with the exchange rate,but the correlation is not strong;according to the results of multiple linear regression,the international oil price has a certain positive effect on the export amount of drilling rigs and their accessories and the export amount of oil pipelines;according to the results of breakpoint regression analysis,it can be seen that the trade war between China and the United States has a certain negative effect on the export amount of Chinese drilling rigs and their accessories and oil pipelines,and the exchange rate of the US dollar and the exchange rate of the euro have significant positive and negative effects on the export amount of Chinese drilling rigs and their accessories respectively.This shows that international oil prices play a key role in influencing the scale of exports of oil equipment products.The analysis leads to the following policy recommendations:First,innovation of oil equipment export business model;second,independent innovation to promote industrial upgrading;third,from "traditional manufacturing" to "service-oriented intelligent manufacturing" transformation;fourth,strengthen brand building;fifth,strengthen marketing and after-sales service;sixth is to implement the strategy of strengthening the enterprise with talents.