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October barrels firm as Brent tops WTI

NEW YORK, Aug 26 - Cash crude differentials firmed on Wednesday on more favorable spreads as traders began the first day of trading for October barrels. Mars sour MRS- dealt for as little as $1.70 below West Texas Intermediate CLc1, after September barrels of Mars had dealt for ...

Turkey to bid for operating Iraqi oil and natural gas fields

ISTANBUL, Aug. 25 - Turkish Energy and Natural Resources Minister Taner Yildiz said Tuesday that Turkish Petroleum Corporation (TPAO) might bid for operation in Iraqi oil and natural gas fields. "TPAO can offer bids in all the 10 tenders and I hope we will underline the ...

NZ Oil and Gas takes 40 pct stake in permit

WELLINGTON, Aug 26 - Energy company New Zealand Oil and Gas Ltd (NZO.NZ) said on Wednesday it had taken a 40 percent stake in the Albacore oil and gas permit. The area, in New Zealand's resource rich region of Taranaki, is expected to be drilled later this year. Shares in the ...

Europe Gasoline-slips lower on crude reversal

LONDON, Aug 25 - Gasoline slipped towards $680 a tonne on Tuesday, pressured by a drop in crude prices, but cracks rose slightly as light-end products remain the strongest part of the oil complex. Prices had been firm in early trade, edging up in line with crude as the U.S. ...

Russia's Tatneft discovers oil in Libya

MOSCOW, Aug 25 - Russian mid-sized oil firm Tatneft (TATN3.MM) said on Tuesday it had successfully drilled a well on an oil block of Libya's Ghadames Basin, some 345 kilometres (214 miles) south of Tripoli. It said the A1-82/04 well is producing some 400 barrels of oil per day ...

Oil India plans IPO to raise as much as $570 mln

NEW DELHI, Aug 25 - Explorer Oil India Ltd plans to raise as much as 27.8 billion rupees ($570 million) through an IPO next month, a senior official said, making it the second state-run firm to offer new shares to the public this year. Oil India, which deferred an IPO last year ...

Nippon Oil, Iraq agree on Nassiriya oil field-Kyodo

TOKYO, Aug 25 - Japan's Nippon Oil Corp (5001.T) and partners have obtained a basic agreement to develop Iraq's huge Nassiriya oil field, Kyodo news said on Tuesday. The group and Iraq have signed a memorandum of understanding, the report said. A senior Iraqi oil official said ...

Death toll in Russia's oil station blaze rises to 3

MOSCOW, Aug. 24 - Three firefighters died in a fire at an oil tank in Siberia late Saturday, Russian news agencies reported on Monday. The fire was triggered by an explosion of a 20,000-cubic-meter oil tank which was hit by a bolt of lightning in the Khanty-Mansi autonomous area. ...

Suncor, Husky Newfoundland projects undamaged

CALGARY, Alberta, Aug 24 - Suncor Energy Inc (SU.TO) and Husky Energy Inc (HSE.TO) said on Monday that their oil projects off the coast of Newfoundland were undamaged by the passage of Hurricane Bill over the region. Spokesmen for the companies said Suncor's 98,700 barrel per day ...

Plastic bag limits save China 3 mln tonnes of oil per year

BEIJING, Aug. 29 - China's limits on the use of plastic bags cut crude oil consumption by 3 million tonnes per year, according to the National Development and Reform Commission (NDRC). Since June 1, 2008, all Chinese retailers, including supermarkets, department stores and ...

Indian Oil Assam refinery catches fire, put out-TV

MUMBAI, Aug 30 - An Indian Oil Corp (IOC.BO) refinery in north east India's Assam state caught fire on Sunday but it was put out and no casualties were reported, television channel Times Now said. The fire started at 0930 GMT but was put out "fairly quickly", the report said. ...

Russian gov't approves energy strategy until 2030

MOSCOW, Aug. 27 - The Russian government has approved an energy strategy that aims to make full use of the country's natural resources and strengthen its position on international energy markets, Energy Minister Sergei Shmatko said Thursday. The strategy, approved until 2030, ...

Oil rebounds as upbeat economic data boosts recovery hope

NEW YORK, Aug. 27 - Oil prices rebounded from early sell-off on Thursday as data showed U.S. economy shrank at a slower pace, boosting hopes for a sooner recovery. The contract dropped below 70 U.S. dollars a barrel in the morning session as ample stockpiles weighted on the ...

TSX lifted by financial shares, energy flags

TORONTO, Aug 27 - Toronto's main stock index ended modestly higher on Thursday as rosier-than-expected quarterly results from top Canadian banks lifted financial stocks, offsetting weak commodity-related issues. Several of Canada's biggest banks reported stronger-than-expected ...

US Cash Crude - Grades firm again on renewed buying

NEW YORK, Aug 27 - Cash crude differentials mostly firmed for a second day on Thursday on renewed refinery buying, but pared gains late in trade as the discount narrowed for prompt crude on futures markets. Mars sour MRS- dealt for as little as $1.45 a barrel below West Texas ...

Chevron says Richmond refinery back to normal

NEW YORK, Aug 27 - Chevron Corp (CVX.N) said on Thursday operations were back to normal at its 245,271 barrel-per-day San Francisco Bay-area refinery in Richmond, California, following repairs to a unit. "Chevron's Richmond Refinery is back up and operating," Brent Tippen, a ...

Oil falls on rising U.S. stockpiles

NEW YORK, Aug 26 - Oil slipped on Wednesday, extending hefty losses from the previous session as rising stockpiles of U.S. crude outweighed positive economic data. U.S. crude for October CLc1 fell 62 cents to settle at $71.43 a barrel, after falling $2.32 on Tuesday. Brent crude ...

China's CNOOC 1H net profit falls 55% on lower crude oil prices

BEIJING, Aug. 26 - China's CNOOC Limited, the listed subsidiary of China National Offshore Oil Corporation (CNOOC), said Wednesday its net profit dropped 55 percent from a year ago to 12.4 billion yuan (1.82 billion U.S. dollars), or 0.28 yuan per share, in the first half. The ...

Opti Canada wins eased terms on debt facility

CALGARY, Alberta, Aug 26 - Opti Canada Inc (OPC.TO), whose sole business is a minority stake in a Nexen Inc (NXY.TO) oil sands project, said on Wednesday it has negotiated eased restrictions on a key C$350 million ($318 million) credit facility. Opti's lenders have agreed to ...

One dies, five injured in fire at Russia's oil station

MOSCOW, Aug. 23 - One firefighter was killed, five others were injured and two missing in a fire at an oil tank in west Siberia overnight, Russian media reported on Sunday. The No. 7 oil tank in the Khanty-Mansi autonomous area exploded and triggered a blaze, the Ural regional ...

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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