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Asia xylene north-south gap thins on China demand

SINGAPORE--The gap between northeast (NE) and southeast (SE) Asian solvent-grade xylene prices has narrowed to around $10/tonne after almost six months of wide disparity as China resumed imports, buyers and sellers said on Wednesday. The difference in prices saw sellers diverting ...

Iran to lessen dependence on oil income; to lay special emphasis on the petrochemicals sector

In an attempt to make Iran's economy less oil-dependent, the nation has drafted a plan to boost its non-oil exports by laying special emphasis on the petrochemicals sector. Among other sectors are industrial, mineral and agricultural products. To lessen the dependence on oil ...

Oil steady under $139, eyes on U.S. oil demand

SINGAPORE - Oil was steady on Wednesday, after falling more than $6 in the previous session, the steepest slide in dollar terms in 17 years as demand fears swelled on the worsening prospects of the U.S. economy. U.S. crude was 13 cents higher at $138.87 a barrel by 0105 GMT (9:05 ...

Brazilian offshore oil workers go on strike

Oil workers in Brazil's Campos Basin started a five-day strike on Monday and threatened to shut down the main crude-producing region of Latin America's largest economy and hottest oil exploration market. State-run energy company Petrobras made progress getting most platforms to ...

Five questions about US offshore oil drilling

President George W. Bush on Monday lifted an executive ban on offshore drilling in a move to urge Congress to remove a similar moratorium to boost domestic supply amid record crude oil and gasoline prices. Here are five questions about offshore oil drilling: -- What are the ...

Oil's rise spurs Barrick to try a radical solution

TORONTO - Barrick Gold Corp's move to cut its oil bill by buying a small oil producer suggests a radical shift in thinking for miners facing soaring costs, and for junior energy companies it may present a whole new source of suitors. Barrick, which along with other miners has ...

Ashland to acquire Hercules

Ashland Inc. and Hercules Inc. announced that they have entered into a definitive merger agreement under which Ashland would acquire all of the outstanding shares of Hercules for $18.60 per share in cash and 0.093 of a share of Ashland common stock for each share of Hercules ...

DSM Performance Materials Award 2008 presented to Professor Craig J. Hawker

Craig J. Hawker, Professor of Chemistry, Biochemistry and Materials and Director of the Materials Research Laboratory at the University of California, Santa Barbara, USA, has been awarded the DSM Performance Materials Award 2008 in recognition of his exceptional contributions to ...

Analytik Jena and Fisher Scientific conclude a marketing and sales agreement

15 Jul 2008 - Analytik Jena and Fisher Scientific have entered into a marketing and sales agreement for the German Market. The broad range of reagenetic equipment and instruments of the Jena Group will appear in future in the Fisher Scientific Sales Catalogue and then be ...

Perstorp acquires specialty chemicals business

Perstorp has successfully acquired specialty chemicals operations, including the production of TDI, HDI and HDI derivatives, from Rhodia Organics and Lyondell Chimie TDI SCA. The completion of the acquisition is subject to regulatory approvals. These deals follow the recent ...

BP: speculators, dollar not to blame for surging oil prices

MADRID -- Market, economic and political fundamentals are the primary forces behind the high and volatile oil prices, rather than speculators or the weakness of the dollar, British Petroleum (BP) said on Monday. "Some people put the rises down to short-term factors -- so-called ...

EU to hold energy dialogue with OPEC on high oil prices

BRUSSELS -- The European Union (EU) and the Organization of Petroleum Exporting Countries (OPEC) are to meet here Tuesday to discuss the soaring oil prices. EU Presidency Slovenia said in a statement that EU will particularly highlight the bloc's concerns about the high oil ...

OPEC weekly oil price retreats slightly, awaiting energy meeting's decision

VIENNA -- The weekly average oil price of the Organization of the Petroleum Exporting Countries (OPEC) retreated slightly to 129.04 U.S. dollars per barrel (dpb) last week, the Vienna-based cartel said Monday. The price was only 0.70 dollars lower than the record price set during ...

Nigerian oil militants vow ceasefire in delta

LAGOS - Militants in Nigeria's southern Niger Delta, whose campaign of sabotage has sharply cut the country's oil output, announced a ceasefire on Sunday but stopped short of agreeing to participate in peace talks. The Movement for the Emancipation of the Niger Delta (MEND) ...

Canada urges oil market transparency in Jeddah

CALGARY, Alberta - Canada's energy minister said on Sunday he pushed at an emergency meeting of oil producing and consuming countries for more transparency in global oil markets to allow supply and demand to be the biggest influences on prices. Natural Resources Minister Gary ...

Oil dips on Saudi assurances

PERTH - Oil was slightly lower on Monday after Saudi Arabia said it was ready to increase oil output capacity and Nigerian militants announced a unilateral ceasefire, with Middle East tensions putting a floor under the price. At 0022 GMT U.S. light crude for August delivery was ...

US oil chief sees price fall if offshore ban ends

WASHINGTON --Lifting the congressional ban on US offshore drilling would have an immediate impact on the global price of oil and reduce the speculative premium in energy pricing, a top US oil industry official said on Friday. Red Cavaney, president of the American Petroleum ...

Gasoline prices continue to rise in S California

LOS ANGELES -- Gasoline prices continued their upward trend on Friday in Southern California, which has the highest gasoline prices in the U.S. mainland. The average price of a gallon of self-serve regular gasoline in Los Angeles County rose by 8.3 cents this week, the smallest ...

Rivals vie for Exxon's threatened Alaska oil leases

ANCHORAGE, Alaska - At least three oil companies have expressed interest in taking over Exxon Mobil Corp's long-languishing leases at its Point Thomson oil field in Alaska, if the state succeeds in taking them away from the world's largest oil company. Alaska is fighting a legal ...

Dow hikes prices by further 25%, idles plants

TORONTO --Dow Chemical announced on Tuesday an additional across-the-board price increase of up to 25%, effective July, and drastic measures to idle production capacities in North America and Europe as it struggles to cope with rising energy and hydrocarbon feedstock costs. Dow ...

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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