IEA Says Global Oil Supply Grows at ‘Breakneck Speed’; China's Energy Consumption Per Unit of GDP Falls 5.9% in First Half

（2015/08/10-2015/08/16）

Review of International Energy News
——The global oil glut will persist well into 2016, IEA, the world’s leading energy body said on 13th August, even as the collapse in prices is pushing up demand at the fastest pace in five years.
——India, the world’s third largest consumer of coal, plans to increase domestic coal production and to cut down on coal imports, which poses a threat to the increase of global coal price.
——On August 3, 2015, President Obama and EPA announced the Clean Power Plan - a historic and important step in reducing carbon pollution from power plants that takes real action on climate change.

Review of Domestic Energy News
——China's energy consumption per unit of gross domestic product dropped 5.9 percent in the first half of 2015 from the same period a year earlier after China steps into “new normal”, high energy-consuming industries maintain themselves at a lower rate of increase, and energy-saving and environment-friendly industries develop rapidly.
——The city of Karamay in Northwest China's Xinjiang Uygur autonomous region held the 2015 China-Pakistan Economic Corridor Forum on Aug 11, which aimed to contribute to and enhance the Sino-Pakistani cooperation in the fields of culture, education, medicine, technology and economy
——The Chinese capital Beijing has unveiled a new preferential policy for electric cars that includes a subsidy of up to CNY50,000 for electric buses.