The West Texas Intermediate (WTI) crude oil price in 2011 (Source: editor)

◆International oil price fluctuates sharply domestic refined oil price finally decline
International oil price looks like roller coaster this week and experience rarely sharp fluctuates
The gasoline and diesel price will average reduce 300 Yuan per ton from 9th.
The Bohai oil spills event did not end and oil remnant is monitored.
◆Worldwide economic staggered and new energy development faced with great pressure
World PV market gradually decline and U.S. PV market will be on the verge of bankruptcy.
The development of new energy in China has focused on technology research and eight new energy research institutes have been established.
The development of new energy is slow. The Netherlands intends to uniform the fraction of clean energy usage.
◆Other News
Russia will deploy combat brigades in the Arctic region to snatch resources
New government of Libya exports the first lot oil to Asia.
A cargo ship from Liberia ran aground in New Zealand, inducing the fuel leakage.