industry

NEW YORK, Jan. 7 (Xinhua) -- Crude-oil futures declined almost 3 percent on Monday, as traders rushed to lock in gains amid increasing worries that a worsening economic slowdown could lower oil demand in the United States. Crude oil for February delivery dropped 2.82 dollars, or ...
STOCKHOLM, Jan. 3 (Xinhua) -- Oil prices are expected to rise further despite a slight fall to below 100 U.S. dollars per barrel on Thursday, Norwegian oil analysts said. As oil production capacity has been utilized to a great extent, any international crisis or major accident ...
The Films Business of ExxonMobil Chemical has successfully started production at its upgraded specialty oriented polypropylene (OPP) film production line in LaGrange, Georgia. The multimillion dollar investment for the upgrade of LaGrange facility has significantly increased the ...
URUMQI, Jan. 4 (Xinhua) -- Xinjiang Uygur Autonomous Region in northwest China has for the first time outstripped Heilongjiang Province, in the northeast, as China's top natural gas and oil producer. Latest data from four major northwestern oil and gas bases revealed that ...
WASHINGTON, Jan. 4 (Xinhua) -- "Too much, it's killing us," small-business owner Victor Battle complained while reading a report predicting gasoline prices are widely believed to rise due to soaring oil prices. Battle, who operates a cleaning service with two vehicles, said he's ...
LOS ANGELES, Jan. 4 (Xinhua) -- With crude oil prices reaching record high, gasoline prices rose after five weeks of declines in Southern California, which has the highest prices in the nation, the Automobile Club of Southern California said Friday. The average price of unleaded ...
LIMA, Jan. 3 (Xinhua) -- A new gas field has been found in east Bolivia, which will have a production capacity of 2.4 million-cubic-meter a day by October, Bolivian President Evo Morales said on Thursday. The new field, called Tacobo and operated by Argentine Pluspetrol, is ...
RIO DE JANEIRO, Jan. 3 (Xinhua) -- Brazil's state-owned oil and gas company Petrobras announced Thursday that it sold its share in the Argentina-based petrochemical Cuyo for 32 million U.S. dollars. The Brazilian company's 40 percent share was purchased by the group Admire ...
BEIJING, Jan. 3 (Xinhua) -- After world crude oil prices spiked above a record 100 U.S. dollars per barrel during the first trading day of 2008, analysts here said that China would see mounting inflation pressures but the impact would otherwise be limited. Zhou Dadi, an energy ...
BEIJING, Dec. 16 (Xinhuanet) -- Russian energy giant Gazprom Saturday announced that it will supply natural gas to Belarus at the price of 119 U.S. dollars per 1,000 cubic meters for the first quarter of 2008. The statement, made by the company's spokesperson Sergei Kupriyanov on ...
NEW YORK, Jan. 2 (Xinhua) -- Crude prices surged above 99 U.S. dollars a barrel Wednesday on supply concerns sparked by Nigerian unrest and a warning that OPEC may not be able to meet its share of global oil demand by 2024. Armed men attacked Port Harcourt, the center of Nigeria...
KINGSPORT, Tenn., Dec. 14, 2007 - Eastman Chemical Company is increasing prices on the following products effective Jan. 1. These increases are due to elevated operating costs, particularly in raw materials, energy and freight. Eastman AAEM: List and off-list price increase of ...
VIENNA, Dec. 27 (Xinhua) -- The daily average oil prices of the Organization of Petroleum Exporting Countries (OPEC) rushed to nearly 90 U.S. dollars per barrel after Christmas, reaching 89.54 dollars Wednesday, the Vienna-based cartel said Thursday. The prices were 1.57 dollars ...
KINGSPORT, Tenn., Dec. 14, 2007 - Eastman Chemical Company is increasing prices on the following products effective Jan. 1, or as contracts allow. These increases are due to elevated operating costs, particularly in raw materials, energy and freight. Eastman N-Butyl Propionate: ...
The bright outlook for petrochemicals business continues in Thailand for 2008. The petrochemical business is projected to continue growing next year since the demand and supply in the market remain closely aligned, and global polymer prices will stay high. The Thai petrochem ...
KINGSPORT, Tenn., Dec. 14, 2007 - Eastman Chemical Company is increasing prices on the following products effective Jan. 1, or as contracts allow. These increases are due to increased market demand and operating costs, particularly in raw materials, energy and freight. Eastman n...
Reliance Industries plans to invest in petrochemical projects in the Gulf region in the next 10 years. The company's expansion plans include setting up a number of petrochemical plants in the next decade, each at an outlay of US$4-6 bln. For this purpose, Reliance plans to invest ...
Algeria plans to invest an estimated US$10 billion in 2008 towards development of its petrochemical industry. Last July, Algeria embarked upon the first of its six petrochemical projects, when it awarded a contract to France's Total SA to build and operate a steam cracking ...
BEIJING, Dec. 13 (Xinhua) -- The Chinese government firmly opposes a United States move to initiate combined anti-dumping and anti-subsidy investigations into Chinese-made sodium nitrite, said a spokesman with the Ministry of Commerce on Thursday. "This is the eighth combined ...
Malaysia's state oil company Petronas is to partner with the government of Uzbekistan to expand its presence in the country through three key agreements. The agreements, which include an exploration deal and a preliminary agreement for a production sharing deal, were entered into ...
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 ...
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 ...
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 ...
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 ...