Shanghai crude oil futures, launched in March this year, has become a typical representative of China's financial market opening to the outside world, promoting the construction of an open economy and supporting economic globalization. On November 10, Teng Jiawei, deputy general manager of China International Petroleum Trade Congress, said at the special event on the real economy of crude oil futures service: "As of October 31, the total volume of crude oil futures was 169.145 million lots (unilateral, the same below), with a total turnover of 8.57 trillion yuan. 41 overseas intermediaries have completed the filing, widely distributed in Hong Kong, Singapore, the United Kingdom and other places, and foreign participants' positions have accounted for about 13% of the market. The holding value was only 5% around five months ago, and the international influence of Shanghai crude oil futures continued to rise.

Just one day before the Expo, Iraqi National Petroleum Marketing Corporation and Northern Industrial Zhenhua Petroleum Company announced that they would establish a joint venture in China to sell Basra crude oil, one of the seven types of crude oil futures that can be delivered. After the project is landed, it expects to import 8 million tons of Iraqi oil annually, with an annual trade volume of 26 billion yuan.

In 2017, China surpassed the United States for the first time to become the world's largest importer of crude oil. After 17 years of sharpening a sword, on March 26, 2018, crude oil futures were successfully launched in Shanghai International Energy Exchange Center of Shanghai Stock Exchange. After it has been listed for more than three months, in terms of trading volume, it has become the third largest crude oil futures in the world and the largest crude oil futures in Asia.

As of October 31, the total volume of crude oil futures was 169.145 million lots, with a total turnover of 8.57 trillion yuan; the average daily turnover was 115,000 hands, and the final position was more than 22,000 lots; the average daily turnover was more than 58 billion yuan. At present, crude oil futures have successfully completed the physical delivery of three contracts, and some oil companies such as Unified Petrochemical Company use Shanghai crude oil futures contract price as the benchmark price to purchase and sell crude oil.

In order to further promote the function of the crude oil futures market, the SHFE attached great importance to the construction of relevant systems and market cultivation work, Teng Jiawei said: "On the one hand, through adjusting margin and fees, introducing market maker system and other combinations to enhance the liquidity of crude oil futures long-term contracts, to achieve continuous monthly contract transactions, better. To meet the risk management needs of spot enterprises. On the other hand, we must continue to increase overseas marketing efforts. "

It is understood that since 2018, SHFE and INE have sent several visits to Hong Kong, Singapore and the United Kingdom, and participated in overseas market promotion, market research activities and visits of foreign institutions. In addition, the Singapore Office SHFE has been officially opened, and, in IINE, the Hong Kong Automated Transaction Service (ATS) registration has been completed and the registration of Singapore (RMO) has been actively promoted.

Teng Jiawei said: "On the basis of the existing three major energy futures of crude oil, fuel oil and asphalt, we should further promote product innovation, focus on building a rich and perfect energy variety system, plan and promote the listing of liquefied natural gas, liquefied petroleum gas, gasoline and diesel in an orderly manner, and strive to build a complete range of energy futures to become the center of energy product pricing.

于今年3月上线的上海原油期货，已成为中国金融市场对外开放、推动建设开放型经济、支持经济全球化的典型代表。11月10日，在“中国国际石油贸易大会-原油期货服务实体经济专题活动”上，上期所副总经理滕家伟透露：“截止到10月31日，原油期货累计成交量1691.45万手（单边，下同），累计成交金额8.57万亿元。已有41家境外中介完成备案，广泛分布在中国香港、新加坡、英国等地，境外参与者持仓量已占全市场约13%。” 而该持仓数值五个月前仅在5%左右，上海原油期货国际影响力持续提升。
就在进博会召开前一天，伊拉克国家石油销售公司与北方工业振华石油公司宣布将在华成立合资公司，销售巴士拉原油，其为原油期货可交割7个油种之一。项目落地后，预计年进口伊拉克石油800万吨，年贸易额260亿元。
2017年，中国首次超过美国成为全球第一大原油进口国。十七年磨一剑，2018年3月26日，原油期货终于在上期所上海国际能源交易中心成功推出，上市短短三个多月，从交易量来看，已成为当今世界第三大、亚洲第一大原油期货品种。
截至10月31日，原油期货累计成交量1691.45万手，累计成交金额8.57万亿元；日均成交量11.5万手，期末持仓量超过2.2万手；日均成交金额超过580亿元。原油期货目前已顺利完成三个合约的实物交割，并有联合石化等石油公司采用上海原油期货合约价格作为基准价购买和销售原油。
为进一步推进原油期货市场功能发挥，上期所高度重视相关制度建设和市场培育工作，滕家伟表示：“一方面通过调整保证金及手续费、推出做市商制度等组合方式提升原油期货远月合约流动性，实现连续月份合约交易，更好地满足现货企业风险管理需求。另一方面，持续加大境外市场推广力度。”
据了解，2018年以来，上期所和上期能源多次派员出访中国香港地区、新加坡及英国等地，并参与了期货公司境外市场推广、市场研讨活动以及境外机构走访调研。此外上期所新加坡办事处已正式开业，上期能源也已完成香港自动化交易服务（ATS）注册，并在积极推进新加坡（RMO）注册。
滕家伟表示：“在已有原油、燃料油、沥青三大能源期货的基础上，进一步推动产品创新，着力构建丰富完善的能源品种体系，统筹规划和有序推进液化天然气、液化石油气、汽柴油等能源期货序列品种的上市，努力建设有全球影响力的能源产品定价中心。”