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Iran, Ecuador to boost oil cooperation

TEHRAN -- Iranian Oil Minister Gholam-Hossein Nozari and Ecuadorian Minister of Mines and Petroleum Galo Chiriboga Zambarno signed a deal on cooperation in oil industry on Saturday evening, the official IRNA news agency reported Sunday. Iran is ready to exchange its valuable oil ...

Oil dives $3, hammered for second day by bank woes

SINGAPORE - Oil tumbled by as much as 4 percent to a seven-month low on Tuesday, in free fall for a second day as Lehman Brothers' collapse made investors ditch oil for safe-haven assets, and on fears the credit crisis will hurt the real economy. Reports that Hurricane Ike caused ...

Huntsman unveils world class technology innovation centre in Shanghai

Huntsman Corporation, a leading global manufacturer and marketer of differentiated chemicals, announced on Sep 2 the official opening of its Asia Pacific Technology Centre (ATC) in Shanghai's Minhang Development Zone, giving regional customers direct access to a world-class ...

Pessimistic outlook prevails for PVC, PP and PS in Asia as demand wanes

Pessimistic outlook and bearish sentiments that are suppressing demand continue to keep PVC, PS and PP prices down in Asia. Despite conclusion of PVC deals for September shipment at lows of US$1100/MT CFR China, prices have not stabilized this week. The market expects to see a ...

Production of thermoplastic compounds growing in Central Europe

Production of thermoplastic compounds growing in Central Europe as per a report by Applied Market Information Ltd, as the industry continues to shift eastward with most of the new sites listed in the guide setting up in Central Europe. Within Western Europe there has been less ...

Canadian dollar's link with oil seen holding true

TORONTO - A tight relationship between the Canadian dollar and the price of oil has come back into play, though not as strongly as in recent years, and a further drop in crude prices would apply more pressure on the struggling currency. U.S. crude oil fell to as low as $100.10 a ...

Mexico lawmakers see deal on oil law by October

MEXICO CITY - Senate-level talks in Mexico are dragging over a politically thorny plan to tweak oil laws, although ruling and opposition party lawmakers said on Thursday a deal could still be reached by October. Leftists oppose conservative President Felipe Calderon's idea of ...

Crude oil slides near $100

NEW YORK -- Crude oil ended lower after tumbling near 100 U.S. dollars a barrel for the first time in five months on Thursday as a strong dollar overshadowed supply concern caused by the Hurricane Ike. Light, sweet crude for October delivery dropped 1.71 dollars to settle at 100...

Pessimistic outlook prevails for PVC, PP and PS in Asia as demand wane

keep PVC, PS and PP prices down in Asia. Despite conclusion of PVC deals for September shipment at lows of US$1100/MT CFR China, prices have not stabilized this week. The market expects to see a further fall in PVC prices as buyers have expressed intent to buy about fifty dollars ...

Nigeria militants threaten broader "oil war" in delta

PORT HARCOURT, Nigeria - Nigerian militants threatened on Wednesday to broaden their "oil war" to offshore oilfields, after attacking another Shell-operated (RDSa.L: Quote, Profile, Research, Stock Buzz) oil flow station in the Niger Delta. The Movement for the Emancipation of ...

Oil in steepest two-day slide since 2004

NEW YORK - Oil prices dropped another 5 percent to a seven-month low on Tuesday, extending the steepest two-day slide since 2004 as mounting economic turmoil sent investors fleeing to safer havens. The losses came despite U.S. supply disruptions after Hurricane Ike crashed ...

Asia markets breathe easy post $85bn AIG rescue

SINGAPORE--Asian market players are heaving a deep sigh of relief as news of the US Federal Reserve s $85bn (?0.35bn) rescue package for global insurer American International Group (AIG), came in on Wednesday. With $1.1 trillion in assets and 74m clients in 130 countries, Asia ...

Bayer MaterialScience starts a 20,000 mtpa PUD manufacturing plant in Shanghai

One of the world's largest polymer companies, Bayer MaterialScience has set underway a 20,000 mtpa polyurethane dispersions (PUD) production plant at an integrated site in Shanghai. Bayer MaterialScience now therefore has facilities in North America, Europe and Asia for these key ...

New polymer to endure volatile decompression and harsh chemical environment

LANXESS has developed a new polymer THERBAN XT HXNBR which is characterized by increased tear strength, abrasion resistance, high tensile strength and high elongation at high temperatures. The polymer is ideal for use in explosive decompression and harsh chemical environments ...

New coating system to improve wear resistance and extend life of molds

VICOTE Coatings are increasingly finding use as an alternative to fluoropolymer coatings, and a suitable choice for engineers aiming to enhance wear performance, and life of the coated part in their applications. VICOTE Coatings, whose main ingredient is VICTREX PEEK polymer, can ...

Oil shares fall on lower crude price, Lehman woes

LONDON - Shares in European oil producers and oil services companies dropped on Monday as oil prices fell and stock markets globally felt the fallout of the Lehman Brothers (LEH.N: Quote, Profile, Research, Stock Buzz) bankruptcy filing. The DJ Stoxx European oil and gas sector ...

Nigerian militants launch new attacks in "oil war"

PORT HARCOURT, Nigeria (Reuters) - Nigerian militants on Monday attacked a Shell-operated oil facility, forcing the evacuation of nearly 100 staff, in a third day of fighting with security forces in the Niger Delta. Security sources said the three days of clashes were the ...

Brazil's Petrobras approves contracts to build 10 offshore oil units

RIO DE JANEIRO-- Brazil's state-owned oil and gas giant Petrobras said Monday that it would contract to build 10 offshore oil production platforms in the coming eight years for a newly found pre-salt oil field. The 10 new units, to operate in ultra-deep waters, will tap the pre...

Firms line up to get in on Brazil oil 'gold rush'

RIO DE JANEIRO - The discovery of huge offshore oil reserves has made Brazil one of the world's hottest energy markets, with firms that make everything from planning software for wells to floating "hotels" for platform workers clamoring for a piece of the action. More than 35,000 ...

New fleet may mean U.S. covets Brazil's oil: Lula

SAO PAULO - Brazilian President Luiz Inacio Lula da Silva warned on Thursday that the resurrection of a U.S. naval fleet in Latin America may signal that Washington covets huge new oil reserves off Brazil's coast. The U.S. Navy is reestablishing the U.S. Fourth Fleet, which was ...

Latest World News

china

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 ...

world

market

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 ...

finance

company

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 ...

trade

sports

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 ...
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