industry

MOSOW/KIEV - Russian gas supplies to Austria, Slovakia and the Czech Republic were halted on Wednesday, adding to the list of EU states left without Russian fuel in freezing mid-winter temperatures. Moscow and Kiev showing little sign of a swift resolution of a pricing dispute ...
HOUSTON - Texas billionaire T. Boone Pickens said on Tuesday that oil prices will rise above $100 a barrel by the end of 2010 as the global economy recovers. Oil prices in the $40 a barrel range are "not going to be around much longer," Pickens told a gathering at the James A. ...
KIEV/MOSCOW, Jan 4 - Ukraine and Russia blamed each other for disrupting gas flows to Europe on Sunday and the reductions in supplies caused by their dispute spread to the Czech Republic and Turkey. Russian natural gas supplies dropped by five percent to the Czech Republic, the ...
NEW YORK - Oil prices jumped 4 percent Friday amid rising tensions in the Middle East and a dispute between Russia and Ukraine over natural gas supplies that spawned worries over fuel availability in Europe. The gains were encouraged by a rally in U.S. stocks to a two-week high, ...
KUWAIT - Kuwait decided on Sunday to scrap a deal to form a $17.4 billion petrochemical joint venture with U.S. company Dow Chemical. The cancellation of the deal, which had met opposition in Kuwait's parliament, was acknowledged Sunday by Dow and is a blow to the largest U.S. ...
SINGAPORE - As the world plunged into the Great Depression eight decades ago, governments tried to stem the damage by erecting trade barriers, and only made the crisis worse. The risk is growing that history will repeat itself. The specter of beggar-thy-neighbor protectionism has ...
LUANDA - OPEC is fully enforcing its deepest ever oil supply curbs, which should be enough to boost prices that have slumped below $40 a barrel, the group's president told Reuters on Tuesday. In his first interview since assuming the post at the start of the month, Botelho de ...
NEW YORK, Jan. 20 -- Crude prices rose sharply as the February futures contract expired Tuesday. As speculators covered short position, light, sweet crude for February delivery rose 2.23 U.S. dollars to settle at 38.74 per barrel on the New York Mercantile Exchange. However, the ...
SINGAPORE - Oil dropped to below $41 a barrel on Wednesday, amid fears of a deep recession and weak demand hurting consumption. Asian stock markets opened lower, with Japan's Nikkei .N225 down around 2 percent after global stocks and bond prices fell in the previous session with ...
MOSCOW/KIEV - Russian gas reached Europe via Ukraine for the first time in two weeks on Tuesday after Moscow and Kiev ended a contract row that cut supplies to about 20 European countries. Austria, Slovakia and Hungary said they had started to receive gas though pipeline ...
LONDON, Jan 21 - UK-based oil explorer Tullow Oil (TLW.L) said it was launching a share sale equal to around 10 percent of issued shares, which could raise around 400 million pounds ($561.9 million), to help finance the development of new oil finds. Tullow Chief Executive Aidan ...
MOSCOW/KIEV - Russia said it would resume gas supplies to Europe via Ukraine at 0700 GMT (2 a.m. EST) on Tuesday, nearly two weeks after a Moscow-Kiev contract row cut flows to European countries in mid-winter. The order to start pumping gas again followed the signing of a 10...
HONG KONG - Continued signs of trouble in the financial sector and worrisome economic data sent Asian shares to their lowest in more than six weeks on Wednesday , bolstering the dollar and other assets that shine in uncertain times. Sterling continued it slide to a its lowest in ...
VIENNA, Jan 20 - Austrian oil and gas group OMV (OMVV.VI) said Russian gas could start to arrive at its Baumgarten hub on Wednesday after Russia resumed supplies earlier on Tuesday. "Gas could arrive in Baumgarten within the next day," OMV said in a statement. "OMV is in touch ...
Jan 22 - Gold Oil Plc (GOO.L) said on Thursday it raised 645,000 pounds ($896,200) before expenses via a share placement to develop its Burdine oil field in the Putumayo Basin in the south of Colombia. The Latin America-focused oil and gas explorer, which placed 16.1 million ...
BANGKOK, Jan 22 - Energy giant PTT PTT.BK said on Thursday Thailand's natural gas demand in 2009 should be close to last year's level at 3,200-3,300 million cubic feet per day (MMCFD), below its earlier target of 5-7 percent growth because of the economic slowdown. "Thailand's ...
China resolutely opposes the U.S. Commerce Department's decision to impose anti-dumping and countervailing duties on Chinese steel products, said Yao Jian, spokesman with the Ministry of Commerce, on Wednesday. Yao said the U.S. side disregarded the fact that China is a ...
CALGARY, Alberta, Jan 22 - The head of Husky Energy Inc's (HSE.TO) oil sands business has resigned, the Canadian company said on Thursday, as questions linger about the fate of its multibillion-dollar project with the oil industry in a downturn. Catherine Hughes, vice-president ...
LOS ANGELES, Jan. 21 -- California Governor Arnold Schwarzenegger on Wednesday urged President Barack Obama to reconsider California's waiver request for cleaner cars. In a letter to Obama, Schwarzenegger requested that the president direct the U.S. Environmental Protection ...
TOKYO, Jan 22 - Cosmo Oil Co (5007.T), Japan's fourth-largest refiner, will be granted a 20-year extension of its stake in an offshore Abu Dhabi oilfield that is set to expire in 2012, a Japanese newspaper reported on Thursday. The move comes among increased efforts by Japanese ...
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 ...