OPEC decided to decrease oil output for the first time in recent 8 years; The Chinese version of the World Energy Outlook 2016 has been launched.

（2016/11/28-2016/12/04）

Review of International Energy News
◆ OPEC decided to decrease oil output for the first time in recent 8 years, which resulting in large increase in international oil price.
◆ Oil price has gone back up. The increasing re-inflation expectation may enhance the global stock market.
◆ Venezuela’s oil minister called on that oil-producing countries should seek a united front for stable prices.

Review of Domestic Energy News
◆ The Chinese version of  the World Energy Outlook 2016 has been launched in December 2.
◆ National Development and Reform: It’s a must to strictly investigate the behavior of manipulating the coal market prices.
◆ The 2016 China International Energy Forum& Exhibition has been successfully held in National Convention Center during Nov.18 to Nov. 30.
◆ During the 13th Five Year Plan, the total investment in hydropower industry will reach 500 billion yuan and six hydropower bases will be built up.