Review of International Energy News

◆ The Mexican government team announced a reform plan for energy law, which may end the monopoly of Petrol Mexico and CFE.

◆ OPEC revised its expectation of global oil demand for 2013 to 817 thousand barrels per day from 800 thousand barrels per day.

◆ Libya shut down its two largest crude oil export terminals again after a short recovery.

◆ Iowa wind power project, invested by Buffett's MidAmerican Energy Company, has been approved by Iowa government and will be start in September 2013.

Review of Domestic Energy News

◆ Coal price has been falling for ten month, which leads to appeals for the reduction of electricity price.

◆ New regulations on energy efficiency label will come into operation in October 1, 2013, according to National Development and Reform Commission.

◆ Ministry of Industry and Information points out that the second batch of backward production enterprises will be finalized and announced as soon as possible.

◆ A higher starting taxi fare is brewing in Shandong Province, for the reason that the operation cost of CNG taxi increased as the rising of CNG’s retail in refueling stations.