Bearish on crude oil during afternoon session is predicted;
23 cities in China enveloped in heavy haze

（2014/10/06-2014/10/12）

Review of International Energy News
——With the constant decrease of crude oil prices in the past four months, bearish on crude oil during afternoon session is predicted, which is also proved by the price on10th, October, the lowest price since May, 2014.
——According to IEA, the oil production of USA will exceed that of Saudi Arabia in the near future, and influence the pattern of global energy market.
——The recent eight months has witnessed the rocketing increase in the sales of global green cars, showing a good prospect for development of green cars.

Review of Domestic Energy News
——23 cities in China were enveloped in moderate or heavy haze on 10th , October.
——The update for the energy conservation and emission reduction of coal and electricity will be promoted by National Energy Administration and Ministry of Environmental Protection of the People’s Republic of China to gain 40 billion form the reconstruction of the current market.
——Some benefits has occurred in the coal market with the increasing awareness for the game between coal industry and electricity industry.
——6 inspection groups were send by Ministry of Environmental Protection of the People’s Republic of China for the implement of pollution control and abatement on 9th , October.