Russian Energy Minister against Russia led to global oil oversupply; Some suggestions regarding China's price mechanism released

（2015/10/12-2015/10/18）

Review of International Energy News
——On 14th October, Russian Energy Minister Alexander Novak said Russia did not lead to the global oil oversupply when it comes to the increase in both shale gas production in the United States and oil production in OPEC.
——On 13th October, Saudi Oil Minister Ali al-Naimi agreed with the signs of global oil demand improving despite the economic slowdown in China and that the market's balance between supply and demand would move more into line in the short term.
——On 13th October, France’s environment minister Ségolène Royal was satisfied with the conditions concerning the negotiation agreement for the 21st Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21/CMP11) and noted that the goal of concluding an agreement to limit the rise in the Earth’s temperature to 2 degrees Celsius needed more participation.

Review of Domestic Energy News
——On 15th October, Some suggestions regarding The Central People’s Government of the People’s Republic of China improving price mechanism reform has been released to encourage competition, innovation and stability of China’s price mechanism.
——On 15th October, National Development and Reform Commission announced that it had ratified and approved 218 fixed assets investment projects of 1800 billion yuan in the first three quarters of 2015.
——On 16th October, Hangzhou held Internet of Energy Conference China and Smart Energy Industry Expo 2015 where experts from Korea, Germany and the United States discussed the new improvements of energy interconnection.