industry

ASTANA - Kazakhstan, one of the biggest foreign investors in Georgia, has ditched plans to build a $1 billion oil refinery in the Caucasus country, an industry source told Reuters on Wednesday. Earlier this week Kazakhstan, the region's biggest economy and oil producer, abandoned ...
PERTH - Oil climbed toward $107 a barrel on Wednesday, pausing from its 2.5 percent decline a day earlier, as forecast of a drop in U.S. crude stocks more than offset doubts about the U.S. government's financial rescue plan. A dip in the U.S. dollar also lent support to oil ...
23 Sep 2008 - Syrris, has opened a new subsidiary office in Japan. Syrris Japan, Inc. officially opened for business in May, 2008 and has already received a significant number of orders. " This is a very exciting development for the Syrris Group, said Syrris Managing Director, ...
PERTH - Oil paused for breath and shed $1 on Tuesday as investors, still unsure about the impact of the U.S. bailout plan, booked profits after a historic one-day rise in prices of nearly 16 percent in the previous session. Although prices surged a day earlier on hopes the rescue ...
PARIS - The International Energy Agency IEA said on Saturday it would not release emergency oil stocks after hurricane Gustav and Ike disrupted oil production, the agency said on Saturday. "After a thorough joint assessment of the impact of Hurricanes Gustav and Ike, the IEA and ...
LONDON - The International Energy Agency (IEA) and the U.S. government have decided there is no need to release oil from strategic reserves after hurricanes Gustav and Ike disrupted production, the IEA said late on Friday. The two recent storms shut down almost all U.S. Gulf ...
BANFF, Alberta - The way Daniel Yergin sees it, the high-stakes debate over energy security in the U.S. presidential campaign has ignored one of the most critical parts of the United States' oil supply equation: Canada. The United States' neighbor to the north has quietly become ...
VIENNA -- The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) dropped to 89.17 U.S. dollars per barrel (dpb) last week, said the Vienna-based cartel Monday. The prices of OPEC have dropped for three consecutive trading weeks since the first week ...
Chemical giant BASF has reportedly declared that it will curtail its polystyrene production by about 25% effective from October 1 due to weakening demand and the current global economic slump. This is certain to impact the production capacities at the company's Ludwigshafen site ...
The European Commission has fined 9 petrochemical makers, including Sasol, Exxon Mobil, RWE, ENI, Hansen & Rosenthal, Repsol and Tudapetro a total of ?76 mln for forming a paraffin mafia to fix prices and portion out markets for wax. The cartel activities are reported to have ...
Hans ten Cate has been named global marketing manager of the Dow Corning Solar Market Business Unit. Based at Dow Corning s European headquarters in Belgium, he is responsible for defining and leading the implementation of marketing and brand management strategies. "Hans talent ...
SINGAPORE - Oil plunged as much as 3 percent to a fresh eight-month low below $88 a barrel in a cross-asset sell-off on Wednesday on growing concerns the world's biggest financial crisis since the Great Depression would hurt demand. Even Britain's effort to kickstart stalled ...
JAKARTA - Indonesia must do more to save pristine rainforests in Papua from destruction, particularly with plans to open up huge tracts of land to develop palm oil plantations, environmentalists said on Wednesday. The rapidly expanding palm oil industry in Southeast Asia has come ...
NEW YORK - Oil prices rose over $2 on Tuesday as signs OPEC was considering a supply cut outweighed concerns about the global financial crisis. U.S. crude settled at $90.06 a barrel, up $2.25, after hitting an eight-month low on Monday as part of a four-day decline. London Brent ...
Falling for the fourth consecutive day, oil prices have dropped to US$91 a barrel, on concerns that efforts to restrain the spreading financial crisis will not be successful in avoiding a further decline in oil demand. US light crude for November delivery dipped to US$91.91 a ...
Existing controls are failing to reduce the air pollutant ground level ozone to a level that protects human health and the environment, and climate change will make the challenge harder, warns a major new report from the Royal Society the UK national academy of science. The ...
MELBOURNE - Qantas Airways Ltd, Australia's top airline, said it would cut its fuel surcharges on international flights and cut domestic fares in response to recent falls in oil and jet fuel prices. It said on Wednesday it would cut fuel surcharges by between 7 and 9.5 percent ...
The new Peugeot 308 sw will exhibit its bodywork structural inserts manufactured using BASF's Ultramid A3WG10 CR, new class of special polyamides which are reinforced with 50% glass fibers for high durability and strength. The structural insert, manufactured by Sika Automotive is ...
LONDON - The plunge in oil prices toward $80 a barrel will curtail oil companies' spending on new projects, limit production growth and perpetuate the industry's tendency for boom and bust. The surge in oil prices since 2004, to an all-time high above $147 a barrel in July, ...
LOS ANGELES -- U.S. oil giant Occidental Petroleum said Wednesday that it will invest 500 million U.S. dollars to develop two oil and gas fields in the United Arab Emirates' Abu Dhabi region. The Los Angeles oil and gas exploration and production company said it will pay Abu ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...
Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...