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Shale gas can meet US needs for 100 years - study

WASHINGTON--Rapidly expanding development of domestic US shale gas reserves can meet all of the country s natural gas demand growth for the next 100 years and can supplement oil and coal use, a gas industry official along with a new study said on Wednesday. Aubrey McClendon, ...

Oil prices slacken marginally as the market awaits US inventory report

Oil prices have slackened in Asian trading as global markets await the weekly US inventory report expected to continue to show a demand slowdown in the US and augmenting concerns of slackening oil demand from the worlds largest oil consumer. New York's main contract, light sweet ...

SABIC IP announces FM on ABS in North America, Taiwan's FCFC running at 50%

Under pressures of feedstock shortage, SABIC Innovative Plastics has declared force majeure (FM) on ABS and SBR products in North America. Compelled by prolonged tight supply from butadiene (BD) producers, SABIC IP has put acrylonitrile-butadiene-styrene (ABS) and styrene...

Rising input costs and recession in the economy to dent US packaging industry

The US packaging industry is likely to face a rough road ahead towards the end of 2008. The major factors leading to this situation are the record hgh raw material costs, recession in the US economy and rising fuel prices. All these factors accumulated are expected to mar the ...

WeylChem to Produce Grignard Reagents On An Industrial Scale

WeylChem announced its intention to produce reagents on an industrial scale for major manufacturers of pharmaceuticals, agrochemicals and poly-functionalized products. A complete series of Grignard type reagents will be produced at the company's Elgin, South Carolina facility. ...

LyondellBasell Starts up New PP Compounding Plant in Mexico

LyondellBasell Industries has announced the start-up of a new polypropylene (PP) compounding facility in Altamira, Mexico, with a nominal capacity of 30 KT per year. "With this new facility," said Steve Dwyer, Vice President of LyondellBasell Automotive Americas, "we are in an ...

Scientists determine strength of 'liquid smoke'

Researchers have created a 3D image of a material referred to as "liquid smoke." Aerogel, also known as liquid smoke or "San Francisco fog," is an open-cell polymer with pores smaller than 50 nanometers in diameter. For the first time, Lawrence Livermore and Lawrence Berkeley ...

Dollar rises as oil prices drop, consumer confidence halts slide

NEW YORK -- The dollar rose against major currencies on Tuesday as crude oil prices dropped and U.S. consumer confidence halted a six-month slide in July. Crude oil prices fell on concerns about falling demand in the United States, the biggest consumer of energy. Light sweet ...

OPEC president says not to raise oil output

JAKARTA -- The Organization of Petroleum Exporting Countries (OPEC) President Chakib Khelil said here Tuesday the oil cartel will not increase its oil output even in the next winter. Speaking to the press after presenting his paper before Indonesian energy stakeholders, he said ...

Omani processor is global leader in BOPP manufacturing

Dubai-based Taghleef Industries (Ti) and Br ckner Maschinenbau GmbH & Co. KG successfully completed the expansion of Ti s subsidiary in Oman featuring the new high performance 8.7m wide BOPP film production line. Shortly after start-up of this project, the seventh joint project ...

External power interruption in Borealis' Schwechat plant led to complete plant shut down

Borealis suffered an external power interruption at its plant in Schwechat, Austria on Friday, July 18, at 5am. The shut-down was caused by problems with the external electricity line which fed the whole plant during construction work at the grid with no substitute line available...

Nanotechnology: Learning from past mistakes

A new expert analysis in Nature Nanotechnology questions whether industry, government and scientists are successfully applying lessons learned from past technologies to ensure the safe and responsible development of emerging nanotechnologies. The study applies the 12 "late ...

Traders re-export PE to Middle East

SINGAPORE--Linear low density polyethylene (LLDPE) cargoes of north American origin are coming into the Middle East from Chinese warehouses after a gap of more than two years, traders and end users in the Middle East said on Thursday. However, there has been hardly any interest ...

Oil jumps $3 on U.S. inventory drop

NEW YORK - Oil rose $3 a barrel on Wednesday after a U.S. government report showed declines in fuel and crude inventories in the world's top consumer. U.S. crude settled up $2.99 at $116.00 a barrel after demand concerns sent prices down to a three-month low of $112.31 during ...

Ecuador urges OPEC to maintain oil output despite drop in crude prices

QUITO -- Ecuadorian Minister of Mines and Petroleum Galo Chiriboga has urged the Organization of Petroleum Exporting Countries (OPEC) not to change their oil output despite drop in international crude prices. The drop in oil prices reflects the current condition of the market, ...

IEA nudges up 2009 oil demand, sees higher supply

LONDON - World oil demand will rise slightly more than expected in 2009, but supplies will also increase, the International Energy Agency said on Tuesday. Demand will rise by 930,000 barrels per day (bpd) in 2009, 60,000 bpd more than previously forecast, the IEA said in its Oil ...

June trade gap shrinks despite oil price surge

WASHINGTON - The U.S. trade deficit shrank unexpectedly in June as the weak U.S. dollar helped push exports higher and overpowered record high prices for imported oil, a Commerce Department report showed on Tuesday. The trade gap totaled $56.8 billion, down from a revised ...

Fed still worried about inflation despite oil retreat

CHARLOTTE, North Carolina - Inflation remains a big concern despite some relief from the recent rapid fall in energy prices, top Federal Reserve officials said on Tuesday. Jeffrey Lacker, of the Richmond Fed, said runaway inflation remains a the greater risk even if the U.S. ...

PEEK replaces metal poppets to enhance functioning in compressors

In order to achieve improvements such as reduced fluid leakage, noise reduction, longer valve life, and cost reduction, a number of check valves and pressure relief valve manufacturers for hydraulic and pneumatic compressors are replacing the metal poppets in the valves with ...

India PP, PE demand low despite price cuts

SINGAPORE--Buying interest in polypropylene (PP) and polyethylene (PE) continues to weaken despite a sharp reduction in prices and protection against further price drops offered by producers in India, suppliers and buyers said on Wednesday. "We are not receiving any enquiries for ...

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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