U.S. cancels plans to allow Arctic oil drilling; China to release supporting scheme for New Electric Change Plan

（2015/10/26-2015/11/01）

Review of International Energy News
——The United States government has cancelled plans to allow oil drilling along the Arctic coasts of Alaska for the next two years, signifying the elimination of offshore lease sales for oil drilling rights in the Chukchi and Beaufort Seas.
——According to data released by Energy Information Administration(EIA) on 28th October, total US commercial crude inventory last week was 0.48 billion barrels and increased by 3.4 million barrels with the increase below market expectations.
——City regulators will take another look at the potential Pepco-Exelon merger, following a unanimous vote Wednesday to consider a settlement Exelon reached with the District, and probably witnessing one of the largest utilities form after a Pepco-Exelon merger.

Review of Domestic Energy News
——Supporting scheme for China’s New Electric Change Plan will be released, which allows for both providing electric service undertaken by power grid corporations and carrying out market-oriented electricity sales under the supervision of the government.
——On 28th October, Li Hao-Feng, deputy director of the Department of Coal at the National Energy Administration, said China would strictly control the coal consumption by taking innovation, cooperation and cleaner production into account on the 2015 International Coal Summit hosted by China National Coal Association in Beijing.
——China's first State Key Laboratory operated by companies in the field of nuclear is approved as Ministry of Science and Technology of the People’s Republic of China releases the list of the third batch of State Key Laboratories operated by companies.
——Green car registration will not be allocated by a license-plate lottery system in Beijing, indicating that China’s new energy vehicle industry will be confronted with new opportunities if this policy can be generalized widely.