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Iraq oil minister sees possible oil oversupply

WARSAW - Oil supplies may be running slightly ahead of current world demand, Iraqi Oil Minister Hussain al-Shahristani said on Thursday. "It seems for the time being what (oil) is being made available on the market meets the demand or even there is slightly more than demand," ...

Venezuela oil company PDVSA to open sports office

CARACAS - Venezuelan state oil company PDVSA will open a sports office to train athletes after a lackluster Olympic performance, President Hugo Chavez said on Sunday, expanding PDVSA social efforts that already range from food sales to road repairs. PDVSA has become the financial ...

Europe shares open lower in thin trade, oils fall

LONDON - European shares fell in early trade on Monday, giving up some of their gains from the previous session, as volumes were hit by a UK stock markets holiday and energy stocks declined. At 0717 GMT, the FTSEurofirst 300 index of top European shares was down 0.3 percent at 1...

Goldman reiterates $149 oil forecast

LONDON - Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) reiterated on Wednesday its year-end price forecast of $149 a barrel for U.S. crude oil, and said strong fundamentals were a more important factor than a strengthening dollar. The restatement came in a research ...

Oil settles above $121 on geopolitical tensions

NEW YORK -- Crude surged more than 5 U.S. dollars a barrel Thursday on geopolitical tensions in Europe and a falling dollar. Light, sweet crude for October delivery jumped a sharp 6.48 dollars to briefly touch 122.04 dollars a barrel before retreating to settle at 121.18 dollars ...

DSM Engineering Plastics announces acquisition

DSM Engineering Plastics announced that it has reached an agreement on the acquisition of the polymerization assets of Diolen Industrial Fibers BV. These include the facilities for polyester polymer production in Emmen (Netherlands), which will now be integrated with DSM's ...

Polymer Group aims for the 200,000 tonnes mark

The Polymer Group continues to expand its role in the European compounding market. Based on an expected compounding volume of 180,000 tonnes in 2008, it now plans to reach the 200,000 tonnes mark in 2009 for the first time in its history. Reflected in this output are the joint ...

QuestAir announces management changes

The board of directors of QuestAir Technologies Inc. announced the appointment of Andrew Graham Hall as President and Chief Executive Officer ("CEO") in succession to Jonathan Wilkinson, with an effective date of September 1, 2008. At the same time, Mr. Hall will also be ...

India to be No 2 Asian PTA importer

SINGAPORE--India has been importing more spot purified terephthalic acid (PTA) since earlier this year, and is expected to increase these imports in the next few years to become the second largest spot market in Asia, buyers and sellers said on Monday. Before this year, PTA spot ...

Petrobras July oil output in Brazil flat with June

SAO PAULO - Crude oil output in Brazil from state-run oil company Petrobras averaged 1.867 million barrels a day in July, unchanged from June but up 2.9 percent from the 1.815 million bpd a year ago. Petrobras said in a statement that its domestic output combined with that ...

SABIC affiliate to use LyondellBasell's Spheripol PP process at Yanbu

LyondellBasell Industries has awarded the license to use its Spheripol process technology for polypropylene production to SABIC affiliate Arabian Industrial Fibres company (Ibn Rushd) at its new Yanbu-based 525 ktpa PP plant in Saudi Arabia. This license underlines LyondellBasell...

Crude prices rise on renewed concerns about Middle East

NEW YORK -- Crude prices traded higher Friday on renewed concerns after Israel raised new concerns about Iran's nuclear program. Israeli Deputy Prime Minister Shaul Mofaz, a hawkish former defense minister, said that Iran's nuclear program was poised to make a "major breakthrough...

Kuwait official sees oil staying above $100

KUWAIT - Oil was unlikely to fall below $100 per barrel as strong demand from emerging economies such as China and India put a floor under prices, a member of Kuwait's top oil council said in remarks published on Sunday. Concerns about the economy of the United States and falling ...

Olympic power cuts trigger chem shutdowns

SINGAPORE--A massive shutdown of China s petrochemical industry is slated to begin on 1 August on insufficient electricity due to the upcoming Beijing Olympics, said sellers and buyers on Friday. The power grids in host cities such as Beijing, Qingdao and Shanghai have to cope ...

American Peptide Company to be Acquired by Otsuka Chemical Company

American Peptide Company, Inc. announced that its parent company, Ito Life Sciences (Ibaraki, Japan), will be acquired by Otsuka Chemical Company (Osaka, Japan), part of the Otsuka Group (Osaka, Japan). Otsuka Chemical Company will be the new owner of American Peptide Company and ...

Exxon has record profit again on soaring oil prices

NEW YORK - Exxon Mobil Corp said on Thursday soaring oil prices pushed its second-quarter earnings up 14 percent, again breaking its own record for the highest-ever profit by a U.S. company. Net income in the quarter rose to $11.68 billion, or $2.22 a share, from $10.26 billion, ...

Arsenic-containing lipids in fish oil

Scientists have identified a novel group of arsenic-containing compounds in fish oil that may have an unusual biosynthetic origin. Kevin Francesconi at Karl-Franzens University, Graz, Austria, and colleagues found three arsenic-containing lipids in the oil from capelin fish found ...

Patent application for the optimisation of a chromatographic separation process

Vogelbusch GmbH has applied for a patent for a highly-efficient chromatographic separation principle. The process adapts the separation process known as "simulated moving bed" to the specific needs of pharmaceutical companies. A prototype was presented to an audience of experts ...

Oil prices dip below US$121 on output hike by OPEC

Despite a storm in the Gulf of Mexico that has curtailed oil production, shipping and refining, oil dipped below US$121 a barrel as OPEC increased output and demand from USA and Europe continues to weaken. A survey indicates that OPEC nations, mainly Saudi Arabia, have hiked ...

Weaker than expected US economic growth fuels oil price dip

On the release of new data of weaker than expected US economic growth fuelling concerns of energy demand, oil prices have fallen after a day of recovery. New York's main oil futures contract, light sweet crude for September delivery, dipped by over 2.5 dollars to settle at US$124...

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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