Many statistical figures on the Chinese and world oil markets in 2005 finally became available. Based on those figures, the truth about the so-called “Chinese factor” in the soaring international oil price was also disclosed - it has been seriously overplayed. The average WTI price in 2005 soared by 36.8 percent year on year to a record high of US$56.7 per barrel, while both the domestic oil consumption and oil import of China fell in the year. Many statistical figures on the Chinese and world oil markets in 2005 finally became available. Based on those figures, the truth about the so-called “Chinese factor ” in the soaring international oil price was also disclosed - it has been seriously overplayed. The average WTI price in 2005 soared by 36.8 percent year on year to a record high of US $ 56.7 per barrel, while both the domestic oil consumption and oil import of China fell in the year.