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Mexico congress to substantially change oil bill

MEXICO CITY - A key Mexican opposition party will make substantial changes to the government's oil reform plan, but a compromise bill will be ready for a vote in Congress by September, a senior lawmaker said on Monday. "We are going to make changes and the changes will be ...

World oil output at 95-100 mbpd by 2020:Total

PARIS - Global oil production is set to stabilize just below 100 million barrels per day by 2020 because of technology and geopolitical issues rather than a problem of reserves, executives at France's Total said on Monday. "For oil production, we see things stabilizing at 95 ...

Oil rises as hurricane season start rallies natgas

NEW YORK - Oil rose on Monday, led by gains in natural gas and refined products at the start of the U.S. hurricane season. U.S. crude settled up 41 cents at $127.76 a barrel, off session lows of $125.22. London Brent rose 24 cents to $128.02. "There's a big (crude) rally here, ...

Nippon Oil looks to oil product exports

TOKYO - Nippon Oil Corp (5001.T: Quote, Profile, Research), Japan's top refiner, is considering moving forward by one year to March 2010 its plan to boost oil product export capacity, its president told Reuters on Monday. The boost to 260,000 barrels per day will be conducted in ...

Shell CEO, like OPEC, sees no oil shortages now

KUALA LUMPUR - Royal Dutch Shell (RDSa.L: Quote, Profile, Research) Chief Executive Jeroen van der Veer said on Monday he did not see any shortage of physical oil supplies, echoing the view of many OPEC ministers who say the world market is well-supplied. Oil prices have risen ...

Japan's gas retail prices likely to hit record high

TOKYO -- Japan's average retail gasoline price is projected to top 170 yen per liter as major oil wholesalers push up the product prices on Sunday with continued rise in world crude oil prices. Japan's biggest oil distributor Nippon Oil Corp., raised by a record high of 12 yen ...

Powerful superconductor is in a class all its own

Public release date: 28-May-2008 Superconductivity has perplexed, astounded and inspired scientists ever since it was discovered in 1911. Now, in the latest of a century of surprises, researchers at the National High Magnetic Field Laboratory at Florida State University have ...

OPEC weekly prices rise slightly

VIENNA - The weekly average oil prices of the Organization of Petroleum Exporting Countries (OPEC) rose slightly by 0.57 dollars, topping 124.30 dollars per barrel (dpb) last week, the Vienna-based cartel said Monday. The daily prices set a record high of 127.59 dpb on May 22 and ...

Russia to increase oil output after tax cuts-Putin

PARIS - Russia, the world's second-largest oil exporter, will raise its oil output in the next few years as new tax cuts will allow oil firms to invest more in exploration and production, Prime Minister Vladimir Putin said. Russia imposed heavy taxes on the oil industry, stashing ...

Oil near $130, inflation fears drag down stocks

NEW YORK - Global stocks tumbled on Tuesday as crude oil approached $130 a barrel amid deepening worries over tight global stockpiles and as rising wholesale prices in Europe and the United States stoked inflation fears. U.S. stock indexes fell more than 1 percent, with the Dow ...

BASF expands manufacturing capacity for certain amines

BASF will double its manufacturing capacity for certain alkylethonalamines (AEOA) by mid-2009. This expansion is the company's response to increases in its customers' demand for these products. BASF manufactures its range of AEOA specialties at the integrated Verbund site in ...

Corn use for ethanol up 33% in 2008-2009 USDA

US ethanol plants will consume 33% more corn in the 2008-2009 agricultural year than in the 2007-2008 season, the US Department of Agriculture (USDA) predicted on Friday. In its first set of projections for the coming crop year, USDA forecast that 4bn bushels of corn would be ...

The Linde Group sells its valve production facility MAPAG to Metso

The Linde Group has sold its valve production facility MAPAG Valves GmbH (Germany) to the international technology corporation Metso (Finland) at an enterprise value of 36 million euro. The contract was signed and will enter into effect on approval from the relevant anti-trust ...

Stocks on hold, with oil a hurdle

NEW YORK - U.S. stocks are within spitting distance of crossing a milestone this week that could propel the market out of its trading range, but surging oil prices and economic uncertainty pose major obstacles. So far this month, stocks have managed to hang on to the gains made ...

Dollar, not supply, causes record oil: Iran official

The weak U.S. dollar is the main reason behind oil prices rising to record levels, not demand or supply factors, an Iranian Oil Ministry official was quoted as saying on Saturday. "We must be aware that it is not the price of crude oil that has risen but the dollar value that has ...

EnCana to split in two with oil at record highs

CALGARY - EnCana Corp, Canada's biggest energy company, said on Sunday it plans to split into two separate oil and natural gas firms in an effort to wring out more value with crude prices at record highs. EnCana, a $65 billion gas and oil sands producer formed in a merger six ...

Supplies from Middle East unlikely to majorly impact BASF group earnings

4 new petrochemical plants in Saudi Arabia and one in Kuwait are projected to augment annual global ethylene capacity by 4.5 mln tons by the end of 2008, with similar volumes coming onstream in the Middle East from 2009 and 2010. Germany's BASF seems ready to face a potential ...

OPEC oil prices keep rising

VIENNA -- Although the Organization of the Petroleum Exporting Countries (OPEC) said time and again that the international oil market was well-supplied, oil prices have surged dramatically this month. OPEC daily prices rose again by 0.9 U.S. dollar Thursday and set a new record ...

Kraton Polymers LLC Appoints Barry J. Goldstein and Richard C. Brown to its Board of Directors

09 May 2008 - Kraton Polymers LLC (Kraton) announced the appointment of Barry J. Goldstein and Richard C. Brown to its Board of Directors, effective May 1st. Also effective as of May 1st, James R. Ball has stepped down from the Kraton Board after three years of service. Mr. ...

US soda ash prices lurch higher on arbitrage

HOUSTON --Record-high global demand has led the second-largest US soda ash producer to raise prices by an average of 38%, industry sources said on Thursday, prompting speculation that more hikes would follow. The Green River, Wyoming-based General Chemical Industrial said it will ...

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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