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Crude oil jumps over $90 after U.S. stimulus plan

NEW YORK, Jan. 25 (Xinhua) -- Oil rose more than 1 dollar to close above 90 dollars a barrel on Friday as the United States confirmed an economic stimulus plan to fend off a recession in the world's top energy consumer. Crude oil for March delivery ended the session up 1.3 ...

Transport ministry orders ban on coal export loading

BEIJING, Jan. 26 -- China's Transport Ministry yesterday ordered ports to temporarily stop loading coal for exports as the country struggles to meet domestic needs amid mounting power shortages. The coldest winter with the most snow in decades has left millions of Chinese without ...

Rhodia: Price increases for Aliphatic Di-Isocyanates product ranges

24 Jan 2008 - Rhodia Organics announced price increases for its HDI (Hexamethylene Di-isocyanate) and IPDI (Isophore Di-isocyanate) monomers and derivatives. These price increases will range from 7 to 9% according to the products and will come into effect as of February 1st, 2008...

Sibur to build an EPS plant in Russia

Russia's petrochemicals producer Sibur Holding Joint-Stock Company is set to build a ?4.5mln expandable polystyrene (EPS) plant at its Sibur-Khimprom CJSC site in Perm, Russia. The site is planned with an initial capacity of 50,000 tpa, projected to double at a later stage. The ...

Chinese government plans to impose limits on plastic bag use

With effect from June 1, the Chinese government will impose limits on the use of plastic bags, as part of its dual campaign to protect the environment and save energy. In a circular posted on the central government's Web site on Tuesday, the General Office of the State Council ...

Iran's petrochemical exports hit $4.3 bln in 10 months

TEHRAN, Jan. 24 (Xinhua) -- Iran exported 7.026 million tons of petrochemical products, valued at 4.269 billion U.S. dollars, in the first 10 months of its calendar year (from March 21, 2007 to Jan. 20, 2008), local daily Kayhan International reported on Thursday. Liquefied gas ...

National Lab of petrochemical refining technology inaugurated at Vietnam

The Viet Nam Institute of Industrial Chemistry (VIIC), under the Ministry of Industry and Trade, has inaugurated a national laboratory of the petrochemical refining technology in Hanoi on January 22. The lab is one of 19 major labs over the country, which will be equipped with ...

Crude oil jumps more than 2 dollars after inventories data

NEW YORK, Jan. 24 (Xinhua) -- Crude-oil futures rose more than 2 dollars, or nearly 3 percent, Thursday after government data showed U.S. crude inventories increased by 2.3 million barrels last week. Crude for March delivery closed up 2.42 dollars, or 2.8 percent, to 89.41 ...

Methanex pins hopes on new Chile gas capacity

HOUSTON (ICIS news)--Methanex expects a modest 10% increase in domestic natural gas deliveries to its Chile methanol complex in 2008 and additional domestic supplies will allow the site to resume full operations as early as 2010-2011, a company official said on Thursday. Methanex...

Venezuelan oil company stops oil sales to Exxon Mobil

CARACAS, Feb. 12 (Xinhua) -- Venezuela's state oil company Petroleos de Venezuela SA has stopped oil sales to U.S.-based Exxon Mobil Corp., the Venezuelan company announced Tuesday. Petroleos said it has also suspended commercial relations with Exxon Mobil, days after President ...

Crude prices retreat as U.S. government cut demand forecasts

NEW YORK, Feb. 12 (Xinhua) -- Crude oil futures retreated Tuesday after a three-day rally as the Energy Department cut price and demand forecasts for this year. In a monthly report, the Energy Department's Energy Information Administration said demand for oil and petroleum ...

Crude oil prices decline on sharp rise in supply

NEW YORK, Feb. 6 (Xinhua) -- Crude oil dropped Wednesday after the government reported unexpectedly big build in U.S. petroleum stockpiles. Light, sweet crude for March delivery fell 1.27 dollars to settle at 87.14 dollars a barrel on the New York Mercantile Exchange after ...

Indonesia's non-oil and gas exports predicted to grow by 13% in 2008

JAKARTA, Feb. 12 (Xinhua) -- The Indonesian Chamber of Commerce and Industry (KADIN) predicted the country's exports of non-oil and gas would increase by 13 percent to 148.19 billion U.S. dollars this year, its head MS Hidayat said here Tuesday. "The prediction of exports is ...

Indonesia targets oil production at 1.05 mln barrels per day

JAKARTA, Feb. 4 (Xinhua) -- Indonesia has renewed oil production target at 1.05 million barrels per day (bpd), slightly above the initial target of 1.03 bpd, an official said Monday. "We have made an assessment and found that the target was realistic," said Oil and Gas Executive ...

Crude futures set one-month high on supply concerns

NEW YORK, Feb. 11 (Xinhua) -- Crude futures traded higher on Monday as concerns about potential supply disruptions. Venezuelan President Hugo Chavez threatened Sunday to cut off oil sales to the U.S. as retaliation for court orders freezing assets belonging to Venezuela's state ...

BASF Crop Protection introduces development pipeline herbicide to scientific community

BASF introduced its new development pipeline herbicide saflufenacil under the trade name Kixor to the scientific community at the Weed Science Society of America meeting in Chicago in early February. The meeting included nine presentations by university and BASF specialists on ...

CNOOC reports pretax profit of 56.5 bln yuan in 2007, up 17.5%

BEIJING, Feb. 2 (Xinhua) -- China National Offshore Oil Corp. (CNOOC), the country's No. 3 oil producer, said on Saturday that pretax profit jumped 17.5 percent year-on-year to 56.5 billion yuan (7.9 billion U.S. dollars) in 2007. Revenue rose 32.5 percent to 160 billion yuan, ...

Indonesia to import oil from Libya

JAKARTA, Feb. 14 (Xinhua) -- Indonesia will import 150,000 barrels of crude oil daily from Libya for 20 years to meet the demand from an oil refinery plant in the Banten province, Indonesian Minister of Energy Purnomo Yusgiantoro said here. The minister said that as the only OPEC ...

SCG-Dow Group to build a specialty elastomers facility in Thailand

SCG-Dow Group, a joint venture of The Dow Chemical Company (Dow) and Siam Cement Public Company Limited (SCG), is in the final stage to plan and build a specialty elastomers train at the joint venture's Map Ta Phut site in Thailand. This new facility, when constructed, will ...

US gasoline refinery output a record for the month: API

US refineries last month produced a record amount of gasoline and distillate fuels for a January despite an overall year-on-year drop in crude inputs, the American Petroleum Institute said Wednesday. API, in its monthly statistical analysis, said US refineries produced 9.04 ...

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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