Review of International Energy News
◆ Symons recently reported that US oil production will reach its history high in 2016.
◆ US crude stocks held by refiners, traders and pipeline companies have hit the highest level since the Great Depression, which reflects that the US oil is overpriced.
◆ The oil exporting countries in Latin America are facing lower production capacity and decreasing revenue nowadays, and they tackle those problems in different ways.
◆ A joint venture between Russian Railways and the North Korean Ministry of Railways has rebuilt one of the port's coal wharfs and a rail link connecting it to Russia, which sought to relieve the congestion at Russia's Pacific ports.
Review of Domestic Energy News
◆ The first ultra-low emission desulphurization device for power station in China was put into operation in Zhoushan on 24th April.
◆ The negotiations of natural gas cooperation between Russia and China are drawing to a close.
◆ Wuhan city will spend 29 billion yuan to control air pollution between now and 2017, aiming that the annual average concentration of PM2.5 will decrease by 20% then comparing with that in 2013.
