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Oil nears $142 on weak dollar, Israel-Iran tensions

PERTH - Oil rose over $1 to near $142 a barrel on Monday, bolstered by a weak U.S. dollar and continuing tensions between Israel and Iran over Tehran's nuclear program. U.S. light crude for August delivery was up $1.68 at $141.89 a barrel in Globex electronic trading by 0558 GMT, ...

Report: Iran, Poland to sign 2-billion-dollar LNG contract

TEHRAN -- Iranian Offshore Oil Company (IOOC)and Polish Oil and Gas Company (PGNiG) are about to sign a 2-billion-U.S.-dollar liquefied natural gas (LNG) contract, local daily Tehran Times reported Sunday. "Recently Poland requested to invest in Lavan gas field whose volume of ...

Mexican oil reaches record high of $122.26

MEXICO CITY - Mexican oil reached record high of 122.26 U.S. dollars a barrel on Friday, almost one dollar higher than the day before, New York Stock Exchange reported Friday. On Thursday, it was 121.31 dollars, five dollars higher than one week ago. The Mexican oil price has ...

Asia C2 at 16-yr high, crosses $1,600/t

SINGAPORE--An unrelenting increase in raw material costs has seen ethylene (C2) rise between $20-30/tonne in northeast (NE) Asia, and $80-100/tonne in southeast (SE) Asia, pushing prices to a 16-year high but the market is divided whether further gains can be sustained, traders ...

Barat Carbide Becomes Element Six Hard Materials

Barat Carbide GmbH has changed its name to Element Six Hard Materials. Having joined Element Six in late 2007, it now represents a major business area for the company as a whole. The name change reflects Element Six's ambitions to build on its leadership in the materials ...

Oil eases from record high above $140

PERTH - Oil eased on Friday on profit taking after a near 4 percent surge the previous session to a record above $140, as U.S. lawmakers approved legislation aimed at curbing energy market speculation. U.S. light crude for August delivery was down 43 cents at $139.21 a barrel in ...

OPEC chief sees oil at $150-170 in coming months

PARIS - Crude oil prices could rise to as high as $170 per barrel in the coming months but are unlikely to hit $200 and should ease towards the end of the year, OPEC President Chakib Khelil said in an interview on Thursday. "I forecast prices probably between $150-170 during this ...

Asia stocks fall on Wall St plunge, high oil

HONG KONG - Asian stocks dropped and safe-haven government bonds rose on Friday after shares plunged on Wall Street and oil prices shot above $140 a barrel, aggravating investors' fears of high inflation and slowing economic growth. Japan's Nikkei share average was on course for ...

Powder power - a simple, efficient route to hydrogen fuel

Chemists in the US have developed a simple reaction to make ammonia borane - a powder more hydrogen-dense than even liquid hydrogen. Their one-pot synthesis of this promising hydrogen storage material is reported in the first issue of the new Royal Society of Chemistry journal ...

SEEING the atom - A 50 year dream fulfilled with next generation microscope technology

Royal Microscopical Society (RMS) President, Professor Mark Rainforth, clarifies the significance of a new technique which is undergoing a quiet revolution, "Until recently it has only been possible to see a projection of atoms, not the individual atomic columns themselves. ...

Why is Nigerian oil militant attack significant?

Militants in speedboats attacked Royal Dutch Shell's main offshore facility in Nigeria on Thursday. Below are answers to some questions about the attack and what it could mean: WHY IS THIS ATTACK DIFFERENT? Militant attacks on oil installations in Nigeria have mostly targeted ...

U.S. crude oil stocks drop; gasoline and distillates rise

NEW YORK - U.S. crude oil stockpiles unexpectedly fell last week as demand from domestic refiners increased, while gasoline and distillate supplies rose much more than expected, federal government data on Wednesday showed. Meanwhile, weekly crude stocks at Cushing, Oklahoma, the ...

New contracts could give Iraq quick oil fix

DUBAI/BAGHDAD - Iraq is exporting more oil than it has for years and is on the verge of signing deals with oil majors that could quickly take output higher, oil officials say. Baghdad expects this month to conclude negotiations for six oilfield service contracts with internationa...

Offshore oil services seen booming into next decade

OSLO - The changing notion of "high" oil prices and surging demand from Brazil are triggering a revaluation of oil services companies and raising hopes the industry's five-year upswing will last well into the next decade. Analysts say offshore valuations had been capped by market ...

Oil prices plunge on rising inventory, slowing demand

NEW YORK -- Crude futures continued to retreat on Wednesday after the U.S. government data showed a rise in the inventories of gasoline and distillate fuels, signaling a slowing demand. Light, sweet crude for July delivery dropped as low as 121.84 U.S. dollars a barrel before ...

Fuel prices raise in India

NEW DELHI -- In the highest ever price raise, the Indian government on Wednesday announced a hike in fuel prices to combat spurt in global oil prices, according to the Press Trust of India. The measures include 5 rupees a liter increase in petrol, 3 rupees on diesel and 50 rupees ...

ICIS Petrochemical Index (IPEX) up 2.4% in June

HOUSTON (ICIS news)--The ICIS Petrochemical Index (IPEX) for June rose to 327.32, a gain of 2.4% over the May reading of 319.55. Although the rate of increase declined from the 3.6% jump in the May IPEX from April, all 12 products in the IPEX portfolio reflected increases this ...

KS Energy to add oil rigs, buy stakes

SINGAPORE - Singapore's KS Energy Services (KSTL.SI: Quote, Profile, Research) aims to expand by adding two rigs a year to its fleet of onshore and offshore oil drilling rigs and may take stakes in assets or firms in a booming oil services sector. "The plan is to add at least a ...

Oil falls more than $3 as Fed warns on inflation

HOUSTON - Oil fell more than $3 a barrel on Tuesday after the U.S. Federal Reserve issued a rare warning on the inflationary risk posed by a weak dollar, suggesting the central bank is not likely to cut interest rates further this year. The move added to a steep sell-off since ...

Brazil's Petrobras hopes to tap new oil basin

RIO DE JANEIRO - Brazil's state-run oil company Petrobras seeks to tap a new basin off the northeastern coast, even as new oil discoveries crop up regularly in the prolific Santos Basin down south. The Jequitinhonha Basin far up the coast from Santos is promising enough to move 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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