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New York oil hits record close over 86 dollars

NEW YORK, Oct. 15 (Xinhua) -- New York crude oil prices rocketed to record highs Monday after OPEC said crude production by non-member countries is likely falling even as global demand for oil is rising. Prices were also supported by concerns that Turkish forces will chase ...

Polyamide from renewable raw materials

A material developed, produced and marketed by BASF over fifty years ago in the pioneering phase of engineering plastics is undergoing a renaissance. At K 2007, the world s largest plastics exhibition, BASF is unveiling Ultramid BALANCE, a polyamide 6.10. This is based to the ...

Specialty Coating acquires Parylene Japan

Indianapolis, IN -- Specialty Coating Systems, Inc. (SCS) has completed its acquisition of Parylene Japan K.K. (PJKK). PJKK, a joint venture between SCS and Three Bond Co., Ltd., was established in 1990 to provide world-class Parylene conformal coating services and technologies ...

Haldia Petrochemicals plans diversification, drops plans for IPO

Haldia Petrochemicals Ltd (HPL) has confirmed plans to diversify its polymer business by adding new products and capacity. Proposals for the diversification are expected to be placed before the Board for approval by the end of this year. Upon approval, the project is estimated to ...

RIL plans to invest US$8-9 bln over the next four years in Jamnagar

Signalling future growth through consolidation of existing operations by raising them to world-class assets, Reliance Industries Ltd plans to invest US$8-9 bln over three-four years for creating the world's biggest petroleum and petrochemicals complex at Jamnagar in Gujarat. By ...

Three new PP grades that reduces weight of packaging

Competitive trends in the packaging industry are exerting pressures on processors to improve productivity and reduce weight as well as costs. This in turn mothballs into pressure on the raw material manufacturers and are driving the development of innovative PP resins. Basell has ...

Aker Kvaerner to construct 700000 tpa PTA plant in Portugal

Portuguese company Artenius has awarded a US$40.3 mln contract to Aker Kvaerner to construct a 700,000 tpa purified terephthalic acid (PTA) facility at Sines, Portugal. Contract scope includes engineering and procurement services and construction management. Project completion is ...

Price of crude sets record, oil company profits down?

BEIJING, Oct. 15 (Xinhuanet) -- The price of a barrel of crude oil set a record last week -- just over 84 U.S. dollars -- and that's hurting the profits of America's three largest oil companies as several refiners warned their third-quarter would not be as strong as once forecast...

New York oil hits record close over 86 dollars

NEW YORK, Oct. 15 (Xinhua) -- New York crude oil prices rocketed to record highs Monday after OPEC said crude production by non-member countries is likely falling even as global demand for oil is rising. Prices were also supported by concerns that Turkish forces will chase ...

Oil prices drop on U.S. oil inventory increase

NEW YORK, Oct. 17 (Xinhua) -- Oil prices dropped Wednesday after a stronger-than-expected U.S. energy stockpiles report offset geopolitical tensions centered on the oil-rich Middle East. New York's main futures contract, light sweet crude for delivery in November, lost 21 cents ...

Energy outlook in US grows dire

HOUSTON (ICIS news)--Energy demand will outpace new capacity in the US during the next ten years, industry forecasters said this week, raising concerns in the chemicals industry over feedstock supplies and energy costs. The latest 10-year forecast by the North American Electric ...

Polystyrene Market Update in North America, October 15, 2007

Volume: Average Price: Higher Spot Polystyrene prices continue to firm. Processor inventories seem to have dwindled and we received quite a few requests for spot loads this week. We are also finding upstream supplies to be limited as some resellers have opted to lessen their ...

Polypropylene Market Update in North America, October 15, 2007

Volume: Lower Price: Higher The Polypropylene market continued to exhibit strength this past week, as buyers have pursued spot lots, both good offgrade and generic prime, that are priced competitively to higher contract prices. October Polymer Grade Propylene (PGP) contracts have ...

Polyethylene Market Update in North America, October 15, 2007

Volume: Lower Price: Higher The Polyethylene market was fairly active again this week, although there were fewer fresh domestic spot offers shown other than at the fully $.04/lb increased price. Trading volumes were lower since exports were tough and domestic processors en masse ...

Polymer Market Update in North America, October 15, 2007

The resin markets were active this week with our spot domestic business outshining export sales for the first time in recent memory. US processors had been holding out, trying to avoid a price increase for the third month in a row. They have now begun returning to the markets and ...

OPEC revises forecast for world crude oil demand

VIENNA, Oct. 15 (Xinhua) -- The Organization of Petroleum Exporting Countries (OPEC) slightly revised its forecast for crude oil world demand in 2007 and 2008 in its latest monthly international oil market report, issued here Monday. The report said the world daily average demand ...

Naphtha exports from India for November to be pegged above 900,000 tons

Naphtha markets in Asia will continue to be under pressure and prices will see a southward movement as heavy volumes of naphtha exports from Indian refiners will be maintained at a minimum of 900,000 tons in November. Asian naphtha markets are faced with this situation for the ...

Brazilian president calls for biofuel cooperation with Africa

BRASILIA, Oct. 15 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva on Monday called for biofuel cooperation with Africa during his tour of Burkina Faso, local media reported. "As Africa is taking up the path of growth again, ethanol and biodiesel provide a way to ...

Canada's oil province Alberta seeks Chinese investment

BEIJING, Oct. 16 (Xinhua) -- A senior official from Canada's Alberta Province said on Tuesday she hoped more Chinese investment would be made in Alberta, home to rich oil sand reserves. "In all our meetings, we have been encouraging Chinese investment in Alberta," said Alberta's ...

Shell Oil shuts off gas pumps

BEIJING, Oct. 15 -- Royal Dutch Shell Plc, Europe's largest oil company, shut natural gas pumping at one of its Nigerian fields following a fire on a pipeline in the south of the country. Nigerian unit Shell Petroleum Development Co reported the fire on the Utorogu-Ughelli gas ...

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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