Whether the global oil price can be stabilized is still unknown; The domestic spot steel prices increased a lot in the first week after Spring Festival

（2016/2/15-2015/2/21）

Review of International Energy News
---- Qatar, Saudi Arabia, Russia and Venezuela, which are the world's major oil producers, agreed to stabilize the oil production, but whether the global oil price can be stabilized is still unknown.
---- Venezuela increases the oil price for the first time since 20 years ago because of the economic crisis which is caused by the tumble of the international crude oil prices.
----“The Belt and Road Initiative” is expected to get through the energy channels and build the global energy market.
----The standard & poor's announced that the credit rating of oil producers such as Saudi Arabia, Kazakhstan, Bahrain and Oman are downgraded on February 18.

Review of Domestic Energy News
----The ministry of industry said that the “production capacity reducing ” goal during “the 12th five year plan” has been completed a year in advance.
----The domestic spot steel prices increased a lot in the first week after Spring Festival, and the global iron ore prices hit a record during the past three months.
----Beijing will open 5 one-level ventilated corridor to blow away the haze.