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International oil prices rise; China's oil demand increases
Author: Source: Date:2014-07-17 Views:

Review of International Energy News

◆ Owing to the positive economic data of U.S. and Algeria’s hostage incident, international oil prices rose sharply on Jan. 17th.

◆ The 4th Annual Nuclear Power Asia conference & exhibition was held in Kuala Lumpur, Malaysia on 15-16 January 2013. According to the International Atomic Energy Agency statistics, 100 nuclear reactors over the next 10 years will be built in Asia.

◆ The International Renewable Energy Agency (IRENA) launched the Renewable Energy Roadmap on Jan.14th.

◆ India plans to cut crude oil imports from Iran by 17% in this financial year.

Review of Domestic Energy News

◆ State Grid Corporation of China has made a plan that strong smart grid will be built completely in 2020.

◆ The IEA predicts that China’s oil demand will grow faster in its monthly oil market report.

◆ China’s coal imports rose to 36 million tons in December last year, which made a new record, according to data from China’s General Administration of Customs.

◆ Mongolia has stopped its coal exports to China, probably bringing out a rise in coking coal prices in China.

◆ The National Energy Administration released the total electricity consumption showed year-on-year growth of 5.5%, with a total of 4.9591 trillion kWh.