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Oil and gas auction attracts record bids in Brazil

RIO DE JANEIRO, Nov. 27 (Xinhua) -- The winning bids in the National Oil and Gas Agency's (ANP) auctions for oil and gas reserves on Tuesday amounted to a record 2.11 billion reais (1.15 billion U.S. dollars), the biggest figure ever reached in a public auction in Brazil. ...

Reliance offloads 4% stake in refining subsidiary for $1 billion

Reliance Industries Limited has sold a 4.01% stake in its subsidiary Reliance Petroleum for Rupees 40.23 billion ($1.01 billion), the private Indian refining and petrochemicals giant said over the weekend. Following the sale, RIL is left holding a 70.99% stake in Reliance ...

India's synthetic rubber production down

Kottayam -- Commodity Online has reported that "Consumption of synthetic rubber in India rose 6.8 per cent on higher demand from auto tyre makers; but production of the commodity fell about 2.5 per cent in April-August. According to a data from the Rubber Board, synthetic rubber ...

Polypropylene Market Update in North America, November 25, 2007

Volume: Increasing Price: Steady / higher The Polypropylene market is entrenched in a very difficult environment. Record high Crude Oil prices are helping to sustain record high Propylene monomer costs that were initially elevated due to refinery outages and alternative demand ...

Polymer Market Update in North America, November 25, 2007

The US commodity resin markets were fairly quiet during the trading week which was shortened due to the Thanksgiving holiday - I hope it was happy and peaceful for all. The slow market was not much of a surprise, given the minimal spot supply and demand that has been shown to the ...

Polyethylene Market Update in North America, November 25, 2007

Volume: Increasing Price: Steady/ higher The spot Polyethylene market saw minimal activity this past week as many players took an extended Thanksgiving holiday break. The slow week was still much of the same anyway: there has been a stern standoff all month long as processors, ...

Polystyrene Market Update in North America, November 25, 2007

Volume: Average Price: Steady at best The Polystyrene market saw limited activity this past holiday shortened week. Several spot HIPS cars were offered in the higher $.70s/lb, which is slightly lower than during the previous week. Good GPPS cars were made available in the mid-...

Thai state company to co-invest with foreign firms to explore gas

BANGKOK, Nov. 27 (Xinhua) -- Thailand's state-controlled energy enterprise PTT Exploration and Production Plc (PTTEPP) has agreed to co-invest with U.S. and Australian companies to explore natural gas resources in offshore Australia. PTTEP president Maroot Marigadat said the ...

SCHOTT to Open Pharmaceutical Packaging Production Facility in Russia

23 Nov 2007 - SCHOTT Pharmaceutical Packaging, a leading worldwide supplier of parenteral packaging to the pharmaceutical industry, has decided to build the company's first production facility located in the Russian Federation. The new plant is expected to become operational in ...

Hexion Specialty Chemicals to Raise Prices for Epichlorohydrin in the Americas

COLUMBUS, Ohio - (November 20, 2007) - Hexion Specialty Chemicals, Inc. announced today it will increase all list and off-list prices of allyl chloride by 6 cents per pound and all list and off-list prices of epichlorohydrin by 3 cents per pound for customers in North and South ...

China to restructure coal industry by forming giant groups

BEIJING, Nov. 8 (Xinhua) -- China plans to restructure its coal industry by forming six to eight coal groups with each boasting a production capacity of 100 million tons by 2010 through mergers and acquisitions, according to a recent government document. With the average output ...

Swiss oil company admits to Iraq oil kickbacks

WASHINGTON, Nov. 21 (Xinhua) -- Swiss oil-trading company VitolSA has pleaded guilty to a larceny charge in connection with paying secret kickbacks to the former Iraqi government under the U.N. oil-for-food program, The Wall Street Journal reported Wednesday. Vitol will pay 13 ...

Crude oil close lower on economic growth warning

NEW YORK, Nov. 8 (Xinhua) -- Crude oil futures closed a volatile session lower Thursday after Federal Reserve Chairman Ben Bernanke issued a warning about economic growth. Light, sweet crude for December delivery fell 91 cents to settle at 95.46 dollars a barrel Thursday on the ...

Brazilian gov't not to auction blocks neighboring Petrobras' major oil, gas discovery

RIO DE JANEIRO, Nov. 8 (Xinhua) -- Brazil's government decided on Thursday not to auction 41 oil and gas blocks neighboring the area where the state-owned Petrobras found the country's largest-ever oil reserve. Chief of Staff Dilma Rousseff said the government removed "anything" ...

Brazil discovers largest oil reserves

RIO DE JANEIRO, Nov. 8 (Xinhua) -- Brazil has found the biggest ever oil reserves in the Santos Basin, off Rio de Janeiro's shore, said the country's state-owned oil company on Thursday. Petrobras, Brazil's national oil company, said in a statement that the newly-found reserves ...

Eastman Increases Hydrocarbon and Rosin Resins, Dispersions, and Polymer Materials Prices on December 1

KINGSPORT, Tenn., Nov. 06, 2007 - Eastman Chemical Company is increasing prices on the following products effective Dec. 1. EASTMAN Eastotac Hydrocarbon Resin, All Grades: List and off-list price increase of $US 0.06 /lb ($US 0.14/kg, Euro 0.09/kg) globally. EASTMAN Regalite ...

UCON Hydrolube Announces Price Increase

Midland, MI - November 07, 2007 The Dow Chemical Company will raise all off-list prices of UCON Hydrolube fire resistant hydraulic fluids in North America effective December 1, 2007, or as contracts allow. The increase will be in the amount of US$0.02 per pound or US$0.18 per ...

Dow to Raise Prices of Oxygenated Solvents Products

Midland, MI - November 06, 2007 The Dow Chemical Company announced today that it will raise both list and off-list prices on a number of its Oxygenated Solvents products in North America effective December 1, 2007, or as contracts allow. The need for this increase is primarily ...

Polypropylene Market Update in North America, November 5, 2007

Volume: Good Price: Higher The spot Polypropylene market moved consistently higher all last week, as it became apparent that some of the November price increases, which after revisions now average $.08/lb, will likely become effective based on higher feedstock costs. Not much has ...

Polyethylene Market Update in North America, November 5, 2007

Volume: High Price: Steady/Higher The spot Polyethylene market was very busy this past week. There was a flurry of railcar offers that came early on as producers sought to book as many deals as possible before Wednesday's month-end. There was also an unusually large number of ...

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china

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China offers inspirations to global dilemmas
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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
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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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