Review of International Energy News

◆According to Reuters report, European Commission approved the penalty tariffs on solar panel imported from China on May 8th.

◆In the energy outlook report of May, EIA predicts that crude oil supply will exceed the market’s demand in this year and next.

◆In accordance with European Photovoltaic Industry Association’s statistics, PV capacity in European fell 24% in 2012, from 22.4GW in 2011 to 17GW in 2012.

◆Saudi oil production increased to 9.30 million barrels per day in April from 9.14 million barrels per day in March.

Review of Domestic Energy News

◆NDRC proclaimed on May 9th that the prices of gasoline and diesel would have both increased 95 yuan per ton since May 10th.

◆Bohai-Rim Steam-Coal Price Index reached 613 yuan per ton on May 8th, the lowest over the past three years.

◆According to the data released by China Iron and Steel Association, nationwide crude steel production reached 2.1287 million tons per day in late April, which has further deteriorated the situation of excess production.

◆The Ministry of Land and Resources claimed that exploration results have exceeded expectations with the discovery of a batch of ores that possess world-class ore reserves.

◆The world’s first system of speedy drivage in coal mine had been experimented successfully in Daliuta Coal Mine recently.