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IEA's Tanaka: spare oil capacity will tighten again

STAVANGER, Norway - The world's spare oil output capacity will tighten from 2013 due to an expected growth in demand after expanding towards 2010, the head of the International Energy Agency (IEA) said on Wednesday. "There will again be a less spare capacity from 2013, meaning ...

Iraq and China agree to $3 billion oil service deal

BEIJING - Iraq and China have agreed the terms of a $3 billion oil service contract, Iraq's oil minister said on Wednesday, announcing the first major oil contract with a foreign firm since the fall of Saddam Hussein. Energy-hungry China has beaten international oil majors to ...

Premier Oil H1 profits soar on high oil

LONDON - UK oil explorer Premier Oil (PMO.L: Quote, Profile, Research, Stock Buzz) said first half net profits soared 247 per cent to $71.2 million thanks to strong oil prices and higher production. The result was shy of a forecast of $109 million from analysts at Dresdner ...

Oil rises for 4th day towards $119 on storm fears

TOKYO - Oil rose for a fourth straight day to stay above $118 a barrel on Thursday, on fears Tropical Storm Gustav may hit the Gulf of Mexico after it morphs into a major hurricane, paralyzing the heart of U.S. offshore production. Crude for October delivery was trading up 79 ...

Price trends of oil, polymer feedstock and commodity polymers in Asia for this week

CRUDE OIL Instability prevailed in crude oil movement in the week of August 25, 2008. The week witnessed a five dollar leap in prices on signs of a weakening dollar and on news of a missile-shield agreement between USA and Poland that has intensified fears that Russia may disrupt ...

Vladimir V. Dmitriev awarded prestigious prize in low temperature physics

Springer advisory board member Vladimir V. Dmitriev, along with fellow scientists Yuriy M. Bunkov and Igor A. Fomin, have been named winners of the 2008 Fritz London Memorial Prize for their discovery and understanding of the "Phase Coherent Spin Precession and Spin Superfluidity ...

Oil rises as Gustav churns toward U.S. Gulf

NEW YORK - Oil rose on Tuesday as Hurricane Gustav churned through the Caribbean and took aim at U.S. oil and natural gas installations in the Gulf of Mexico. Most weather models showed Gustav entering the Gulf -- home to a quarter of U.S. oil production and 15 percent of natural ...

Thailand political tension may weaken economy

SINGAPORE--Renewed political tension in Thailand threatens to weaken the country's economy by deterring foreign investment, analysts and industry officials said on Wednesday. "I think it is hard to assess the overall situation. However, it is expected that the political risk will ...

New nanotechnology centre helps turn big ideas into real products

Small or large companies and tech-savvy entrepreneurs that want to bring nanotechnology products to world markets can now access technical and business services thanks to a new centre in Edmonton's Research Park. The Alberta Centre for Advanced Microsystems and nanotechnology ...

U.S. Gulf oil companies prepare for Hurricane Gustav

HOUSTON - Oil companies began early preparations on Tuesday as forecasters predicted Hurricane Gustav will enter the U.S. Gulf of Mexico as a major storm by the weekend and energy prices jumped on the threat. Royal Dutch Shell Plc, the largest oil and natural gas producer in the ...

World's first car to use 100% thermoplastic paintfilm for its exterior body

Soliant, LLC which won an environmental award for its Fluorex bright film (chrome alternative) at the March 2008 Society of Plastics Engineers-Global Plastics Environmental Conference (SPE GPEC) will see world's first car having 100% paintfilm thermoplastic exterior developed ...

Iran to outlay US$30 bln in South Pars petrochem project

Iran, the second largest producer of petrochemicals in the Middle East is expected to outlay close to US$30 bln in the South Pars petrochem projects, according to a senior executive in National Iranian Petrochemical Company (NIPC). Phase-1 and Phase-2 of the South Pars petrochem ...

China has head start over West for Iraq oil

DUBAI - China crossed the line first in the race for big oil contracts in post-Saddam Iraq and has gained a head start over Western oil majors in the competition for future energy deals. China's biggest oil company, state-run CNPC, agreed a $3 billion service contract with Iraq ...

Oil releases from U.S. Strategic Petroleum Reserve

The U.S. Department of Energy said on Thursday it will release crude from the nation's Strategic Petroleum Reserve if Tropical Storm Gustav causes severe supply disruption. The SPR, the world's largest emergency oil stockpile, was created by the Congress after the 1973-74 Arab ...

Oil firm near $117 on storm fears

TOKYO - Oil rose more than $1 to near $117 a barrel on Friday as energy companies prepared for Tropical Storm Gustav to deliver what could be the hardest hit to the heart of U.S. offshore production since the devastating 2005 hurricane season. Crude for October delivery was ...

Brazil's debate over new oil wealth heats up

SAO PAULO - Brazilians have long joked that Brazil is the country of the future, and always will be. But since massive oil reserves were found off its coast last year, many feel the future may have finally arrived. From the halls of Congress in Brasilia to the bars of Sao Paulo, ...

Oil drops $4 as weakened Gustav hits U.S. Gulf Coast

LONDON - Oil plunged more than $4 on Monday as concerns that Hurricane Gustav would cause lasting damage to the U.S. oil sector eased after the storm weakened before hitting the Louisiana coast. Gustav -- which forced more than a quarter of the United States' refining capacity to ...

EtOH-REACH Launches Joint Registration Initiative for European Ethanol Industry

Taking effect on 1 June 2007, REACH (Registration, Evaluation and Authorisation of Chemicals) is the European chemicals legislation which applies to all 27 EU countries plus Norway, Iceland and Liechtenstein. According to Regulation (EC) No 1907/2006, every chemical marketed in ...

Asian PME demand stagnant on cold weather

SINGAPORE--The market for Asian palm methyl ester (PME) remains stagnant as the impending cold weather dries up demand from blenders in Europe and the US, sources said on Thursday. While the recent plunges in feedstock vegetable oil values might have boosted the appeal of PME as ...

IEA says too early to decide on oil stocks release

PARIS - The International Energy Agency (IEA) is waiting for oil companies to assess the damage caused by Hurricane Gustav on Tuesday before it decides whether to release oil stocks, the energy adviser to rich nations said. Oil prices plunged on Monday as Gustav weakened to a ...

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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