India has surpassed Japan to become the world's third-largest oil consumer; The Forum on Global Production Capacity and Business Cooperation opened up a wider development space
(2016/06/06--2016/06/12)
Review of International Energy News
◆According to Statistical Review of World Energy 2016 released this week by BP, India has surpassed Japan to become the world’s third-largest oil consumer, the oil demand of which grew by 8.1% in 2015.
◆Russia and Kyrgyzstan signed a bilateral cooperation agreement on tax-free supply of petroleum and petroleum products.
◆The oil price increased on June 6 because of decreased oil supply.
◆Because that the international oil price began to recover recently, the enterprises of Kazakhstan decided to increase crude oil production.
Review of Domestic Energy News
◆The Forum on Global Production Capacity and Business Cooperation was held in Wuhan from June 5 to 6.
◆After removing 40 years’ restrictions on crude oil exports, U.S. realized exporting oil to China for the first time in May.
◆As of June 8, the refined oil price index has increased to 603.47, which still remains stable.
◆China now has excess capacity in oil refining industry and China has become the net exporter of diesel.