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U.S. motorists brave Mexico border violence for fuel

TIJUANA, Mexico - U.S. motorists are risking rampant drug violence in Mexico to drive over the border and fill their tanks with cheap Mexican fuel, some even coming to blows over gas shortages and long queues. The gap between Mexico's subsidized gasoline and record U.S. prices ...

Gulf petrochemicals industry could face a decline in a couple of years

The Gulf petrochemical industry is in danger of facing a downturn in the next two to three years. Most Chinese and Middle East petrochemical projects will get commissioned at the same by 2010, leading to a glut of ethylene and polyethylene products in the global market. ...

Praxair Announces Price Increases Effective July 1, 2008

Praxair, Inc. is notifying industrial gas customers in the United States of the following price and monthly fee increases, effective July 1, 2008, or as contracts permit: - 10% to 20% for nitrogen, oxygen, argon, hydrogen, and carbon dioxide - 15% to 30% for helium - Up to 15% ...

Huntsman could sue Hexion, renegotiate - Wall St

NEW YORK --Huntsman could renegotiate its merger agreement with Hexion Specialty Chemicals for a lower price or sue for breakup fees and damages, Wall Street analysts said on Thursday. Hexion believes the merger would create an insolvent entity, which could potentially free ...

More moderate growth seen for Canada's oil output

CALGARY, Alberta - Oil production from Canada, the biggest supplier to the United States, will grow at a more moderate pace than earlier projections as regulatory delays and labor shortages stretch oil sands project timetables, an oil-industry group said on Wednesday. In its ...

Bush urges Congress to end offshore oil drill ban

WASHINGTON - President George W. Bush urged Congress on Wednesday to end a ban on offshore oil drilling, responding to consumer anxiety over soaring gasoline prices with a plan sure to anger environmentalists. "Every American who drives to work, purchases food or ships a product ...

More moderate growth seen for Canada's oil output

CALGARY, Alberta - Oil production from Canada, the biggest supplier to the United States, will grow at a more moderate pace than earlier projections as regulatory delays and labor shortages stretch oil sands project timetables, an oil-industry group said on Wednesday. In its ...

UK petrol pump price rises to 230 U.S. cents a liter

LONDON -- The price of fuel at British pumps rose by record margins in the last month, with average fuel prices up by 5.61 pence (10.95 U.S. cents) per liter in the past month, while diesel shot up 7.39 pence (14.42 cents), leading automobile service network AA said Wednesday. ...

Kemira to enforce global price increases

Effective June 16th, 2008, Kemira Group will raise prices globally significantly across its entire product portfolio. The increases will in some cases exceed 25%. The increases will reflect the increase of costs on a geographical basis and will vary by product. "Costs for raw ...

11 Canadian gas companies charged with price fixing

OTTAWA -- Canada's federal Competition Bureau has found 11 gas companies guilty of fixing prices in four regions in the eastern province of Quebec. The alleged scheme involved 13 people from the 11 firms, most of which are small businesses, bureau commissioner Sheridan Scott told ...

World oil output falls for first time since 2002: BP

LONDON - World oil production fell by 0.2 percent in 2007, the first decline since 2002, while consumption rose by 1.1 percent, BP Plc (BP.L: Quote, Profile, Research) said on Wednesday, highlighting a tight supply/demand balance that has helped push oil prices to record levels. ...

High oil prices spur demand for low energy electronics

SEOUL - These days when customers walk into electronics stores, the first question they ask is how much electricity the fridge, washing machine or laptop computer they are contemplating buying consumes. "Energy savings were not exactly a hot topic among customers last year," said ...

Oil hovers near $144, Iran sends mixed signals

PERTH - Oil was steady around $144 a barrel on Monday, holding near last week's record high after Iran reasserted its right to pursue uranium enrichment, keeping alive political tensions in the Middle East and adding to worries about oil supplies. U.S. light crude for August ...

South Korea announces first oil contingency measures

SEOUL - South Korea said on Sunday it was implementing a multi-stage contingency plan aimed at reducing energy consumption before the skyrocketing oil prices push Asia's fourth-largest economy into a full-fledged crisis. Prime Minister Han Seung-soo told a televised news ...

Senior Arab official warns of oil price hike if Iran attacked

CAIRO -- A senior Arab official warned that oil prices would jump to more than 200 U.S. dollars a barrel if Iran was militarily attacked, the Egyptian state MENA news agency reported on Sunday. Secretary General of the Council of Arab Economic Unity (CAEU) Ahmed Guwaili made the ...

Brazilian Petrochemicals sector expected to be slow in H2

Record high oil prices and the weakening US dollar will take their toll on the Brazilian petrochemical industry in the second half of this year. Profit margins will get thinner and revenues are also expected to be hit as a weak dollar adversely affects the industry, whose ...

Naphtha found dumped in Saskatchewan River

The solvent that was dumped in the North Saskatchewan River in Edmonton has been identified as naphtha. It is reported that naphtha evaporates within hours and the concentration that was spilled in the river does not pose a risk to human health, wildlife or the environment. The ...

Speculators ramp up oil price: Saudi

MADRID - Record oil prices above $145 a barrel are being driven by speculative cash pouring into the oil market, Saudi Oil Minister Ali al-Naimi said on Thursday. The oil minister of the world's biggest exporter said demand and supply were less at play in the market, and the jump ...

Oil pauses near record over $145, U.S. holiday ahead

SINGAPORE - Oil steadied above $145 a barrel on Friday as the United States, the world's largest consumer, heads into the Independence Day long weekend, pausing after the previous day's rally to a record near $146. U.S. crude oil inched up 6 cents to $145.35 a barrel by 0525 GMT, ...

Unexpected carbon composition discovered in world's oldest diamonds

While examining the oldest diamonds in the world, a group of researchers, including Martina Menneken and Dr. Thorsten Geisler from the University of M nster (Institute of Mineralogy), have found evidence that life may have existed 4.25 billion years ago. Up to now, scientists ...

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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