industry

SINGAPORE --A stand-off between buyers and sellers has developed in the Asian butadiene (BD) market as end-users leave the spot arena amid soaring energy values and BD offers, traders said on Tuesday. BD spot offers have climbed above $3,000/tonne CFR (cost and freight) northeast ...
ABUJA - Nigerian President Umaru Yar'Adua called on Monday for a global clampdown on the theft and smuggling of crude oil, an international trade which is fuelling unrest in the country's southern Niger Delta. Yar'Adua, in Tokyo at a summit of leaders from the Group of Eight rich ...
SEOUL - Oil rose by more than a dollar on Tuesday, rebounding from the previous day's near $4 plunge as the U.S. dollar weakened on renewed financial sector worries. U.S. light crude for August delivery climbed $1.01 to $142.38 a barrel by 2:03 a.m. EDT. Oil prices fell $3.92, or ...
TOYAKO, Japan - Italy on Monday proposed increasing margin requirements on futures markets to deter speculative buying of oil, which Prime Minister Silvio Berlusconi said could reach $200 a barrel. Oil retreated to around $143 a barrel on Monday, taking a pause from a record...
SINGAPORE - Oil prices rose more than $1 a barrel on Tuesday as the U.S. dollar weakened, rebounding from the previous day's near $4 plunge, but easing anxiety over Iran's nuclear program limited gains. U.S. light crude for August delivery climbed $1.02 to $142.39 a barrel by 1...
TOYAKO, Japan - Leaders of the Group of Eight major industrial nations agreed on Tuesday to bring major oil producers and consumers together in a world energy forum to discuss output and prices, a G8 official said. "The forum would be like Jeddah, but broader," the diplomat told ...
NEW YORK -- Crude futures dropped sharply Monday as fears of a conflict in the Middle East eased over the weekend. Light, sweet crude for August delivery fell 3.92 U.S. dollars to settle at 141.37 dollars a barrel on the New York Mercantile Exchange. The European Union (EU) ...
WASHINGTON -- Oil's historic ascent from 100 U.S. dollars to nearly 150 dollars a barrel in just six months is lending weight to a far grimmer prediction that Crude could reach 200 dollars a barrel by the end of the year. Few oil watchers are now ready to bet that oil will hit ...
WASHINGTON - Higher U.S. energy prices, a deteriorating labor market and falling stock prices have raised the likelihood the world's richest economy will enter into recession this year or has already done so, according to forecasts of a closely watched panel of economists ...
07 Jul 2008 - Over the last few years the chemical industry in Germany has worked for and achieved clear advantages in global competition, so the German chemical industry association (VCI) in a press conference in Frankfurt. Since the start of the upswing in 2003, annual growth ...
TEHRAN - Iran's OPEC governor said on Wednesday the oil market was saturated and blamed policies of the Group of Eight (G8) rich countries for a price surge, the state broadcaster reported on its website. Oil prices hit a record highs last week above $145 a barrel, although they ...
NEW YORK - Oil tumbled more than $5 on Tuesday, pushing losses so far this week to about $10, as forecasters said an Atlantic hurricane would steer clear of offshore oil platforms and the greenback gained against other currencies. U.S. light crude settled at $136.04 a barrel, ...
WASHINGTON - Oil supplies from non-OPEC countries will be far smaller this year than previously expected and unable to keep up with growing global oil demand, putting upward pressure on petroleum prices, the U.S. government's top energy forecasting agency said on Tuesday. Non...
WASHINGTON - OPEC's earnings from oil exports are expected to reach a record $1.251 trillion this year, about $73 billion more than previously estimated, the U.S. government's top energy forecasting agency said on Tuesday. Net oil export earnings from the Organization of the ...
The programme marked top level representation of over 100 leading packaging and allied sector companies. Those who have established themselves as innovative, imaginative, cost effective and reliable player in the Indian Packaging Industry. The objective of organizing the buyer ...
SINGAPORE--Tight global supply has pushed Asian caustic soda prices to historical highs but demand for the product showed few signs of slowing, producers and traders said on Wednesday. The price of caustic soda was assessed at $530-550/tonne FOB (free-on-board) NE (northeast) ...
Solvay has sold its Priex functionalised additives business to Addcomp Holland, a specialist supplier of one-pack additive systems, in a deal covering Priex technology, production equipment and knowhow. Priex is a misfit for Solvay's activities after Solvay has hived off its ...
The World Health Organization reports that close to 177 million people worldwide currently suffer from diabetes and this figure is expected to more than double by 2030. However, getting new treatments to patients can be complex and time-consuming, especially for small, specialty ...
SINGAPORE--Petrochemical prices in Asia rose on Friday, following a surge in crude oil values overnight which resulted in renewed bullishness in downstream markets, buyers and sellers said. NYMEX light sweet crude futures for August delivery settled at $141.65/bbl on Thursday, up ...
NEW YORK - Oil prices jumped 4 percent to above $141 a barrel on Thursday amid threats to production in Nigeria and Brazil and an additional missile test by Iran that escalated tensions with the West. Further support came from the weak dollar, which fell on renewed credit worries ...
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 ...