Review of International Energy News

◆The fifth round of China-US Strategic and Economic Dialogue was held in Washington on July 10, arriving at three important agreements: climate change, energy cooperation and investment protocol.

◆ The international oil price went up to a new peak on July 10 with $106.52 per barrel in NYMEX and $108.51 per barrel in ICE.

◆IEA reports on July 11 that the prosperous development of shale oil in North America will induce substantial increase of oil supply from non-OPEC, eroding the market share of OPEC.

◆ The World Bank claimed that it would not provide loans to coal-fired power plant projects.

Review of Domestic Energy News

◆ The Energy conservation and environmental protection industries would be accelerated to develop with policy support and mechanism innovation, said a State Council meeting chaired by Premier Li Keqiang.

◆ NDRC said in an analysis report on the trends of energy conservation and emission reduction that high energy-consuming products output and energy consumption of high energy-consuming industries continue to keep a faster increase while the statistical gap between central and local governments.

◆ A nuclear fuel project of Jiangmen, Guangdong has been cancelled due to the opposition of local residents.

◆ Domestic coal prices continue to fall on account of low demand of the market and international price competition.