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Australia Origin Energy year profit rises 20 pct

PERTH, Aug 19 - Origin Energy Ltd (ORG.AX), Australia's No. 2 power retailer, on Wednesday posted a better-than-expected 20 percent rise in its full-year underlying profit, and forecast profit to grow about 15 percent next year. Underlying net profit in the year ended June 30 was ...

Hovensa not planning refinery shutdown-official

HOUSTON, Aug 16 - Hovensa LLC does not plan to shut its 500,000-barrel-per-day (bpd) Kingshill refinery in the U.S. Virgin Islands on Sunday due to Tropical Storm Ana, which was seen weakening and moving farther south than previously forecast, an emergency management official ...

China starts building major oil reserve in Xinjiang

URUMQI, Sept. 24 - China started building a 5.4-million-cubic-meter strategic oil reserve in the far western Xinjiang region Thursday in the latest effort to ensure its energy security. The project in Dushanzi, Karamay City, is part of the country's second phase of strategic oil ...

SandRidge to buy bankrupt Crusader Energy

BANGALORE, Sept 23 - U.S. oil and gas exploration and production firm SandRidge Energy Inc (SD.N) has struck a deal to buy bankrupt rival, Crusader Energy Group Inc (CKGRQ.PK), for $230 million, in a cash and stock deal that would give it additional acreage in the Anadarko and ...

Venezuela Isla gasoline unit out, Cardon back Oct

CARACAS, Sept 23 - Venezuela said on Wednesday it had no restart date for the gasoline unit of its Isla refinery, closed since the end of August, but vowed to bring the cracker at its Cardon refinery back online in less than a month. PDVSA frequently misses deadlines on refinery ...

Europe Gasoline-slides $25/tonne as U.S. inventories surge

LONDON, Sept 23 - Gasoline prices fell by around $25 to $615 a tonne on Wednesday after stockpiles of the motor fuel surged unexpectedly in Europe's key export market,according to U.S. government data. But an even larger sell-off in crude oil, which also saw a large jump in U.S. ...

XTO Energy Inc increases 2010 hedges

HOUSTON, Sept 23 - XTO Energy Inc (XTO.N) on Wednesday said it has increased price hedges for its production in 2010, and the company expects natural gas prices to recover next year. "We have now hedged approximately fifty-five percent of our projected 2010 production and remain ...

Gold ends higher on plummeting dollar

CHICAGO, Sept. 22 - Gold futures on the COMEX Division of the New York Mercantile Exchange rallied for first session in four on Tuesday as dollar plunged to a new one-year low. Silver and platinum both rose, too. Gold price for December delivery climbed 10.60 U.S. dollars, or1.1 ...

Oil jumps more than 2 percent on dollar, Saudi

NEW YORK - Oil prices jumped more than 2 percent to top $71 a barrel on Tuesday as the U.S. dollar fell to a one-year low against the euro and top exporter Saudi Arabia said the economy was rebounding. Traders sold off the greenback on views that the U.S. Federal Reserve will ...

ATP Oil & Gas cuts Q3 production view, shrs fall

Sept 22 - ATP Oil & Gas Corp (ATPG.O) lowered its third-quarter production estimates, announced stock offerings and said it would sell some of its oil and gas pipelines to reduce debt. Shares of the company fell nearly 9 percent at $20.23 in trading after the bell. The company ...

TSX rides energy surge to higher close

TORONTO, Sept 22 - Toronto's main stock index closed more than 1 percent higher on Tuesday as a rally in oil prices lit a fire under energy shares and left the index just shy of its highest level in nearly a year. The energy sector's gain was powered by Canadian Natural Resources ...

Europe Gasoline-Winter grade gasoline softens

LONDON, Sept 28 - Gasoline eased in Europe on Monday, as the switch to cheaper winter specification fuel this week overshadowed a rebound in crude and U.S. gasoline futures. Brokers said prices could be supported by the reopening of the arbitrage window to the United States, with ...

Oil Rises as Obama Says Iran Nuclear Plant Breaking UN Rules

Sept. 26 - Crude oil rose for the first time in three days after President Barack Obama said Iran, the world s fourth-biggest oil producer, is building a new nuclear fuel plant and is breaking rules that other nations follow. Oil reversed direction after Obama said that the U.S., ...

Shell shuts Deer Park refinery alky unit-filing

HOUSTON, Sept 27 - Shell Oil Co shut an alkylation unit for repairs at its 329,800-barrel-per-day (bpd) joint-venture refinery in Deer Park, Texas on Sunday, according to a notice filed with state pollution regulators. The unit is expected to restart on Friday afternoon, ...

China has begun refined fuel stockpiling: planner

QINGDAO, China - China has already begun adding refined fuel to its state reserves as part of a larger plan to enhance the country's energy security, a top economic planner said on Sunday. In May, an industry official told Reuters China planned to stockpile 10 million tons of ...

Iraqi MP wants reported purchase of oil shares

BAGHDAD, Sept. 27 - An Iraqi legislator on Sunday called to set up a parliamentary committee to investigate media reports about a Kurdish minister's illegal purchase of shares in the Norwegian oil giant DNO International, which works in the Iraqi autonomous region of Kurdistan. ...

Sudanese gov't denies report of less transparent oil revenues

KHARTOUM, Sept. 26 - The Sudanese government Saturday denied the report that the government was not transparent in the distribution of the oil revenues between northern and southern Sudan. Sudanese Minister of Energy and Mining Al-Zubair Ahmed Hassan criticized the London-based ...

BP exec touts natural gas to cut U.S. CO2 emissions

NEW YORK, Sept 24 - The head of BP Plc's (BP.L) Americas business said on Thursday the United States could sharply reduce its carbon dioxide emissions by expanding its use of natural gas over fuels such as coal. "Natural gas has the greatest potential to provide the largest ...

Statoil restarts N.Sea oilfields after leak

OSLO, Sept 26 - Norway's StatoilHydro (STL.OL) restarted oil production on Saturday at its North Sea Statfjord C platform after a leak of oily water on Friday sharply cut production at Statfjord and shut satellite fields. "We started production this morning," spokesman Geir ...

Gold plunges below 1,000 dollars on strong dollar, weak oil

CHICAGO, Sept. 24 - Gold futures on the COMEX Division of the New York Mercantile Exchange went sharply down on Thursday as dollar rallied and crude oil weakened, closing below the key level of 1,000 dollars for the first time since September 9th. Silver and platinum both ended ...

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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