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Oil States International Q3 results beat market

Nov 3 - Oil and gas services provider Oil States International Inc (OIS.N) posted a quarterly profit that comfortably beat analysts' expectations, helped by increased sales at its offshore products and accommodations businesses. For the third quarter, the company posted a net ...

BP says shuts some Gulf of Mexico output due to Ida

HOUSTON, Nov 8 - BP Plc (BP.L) said it had shut some of its production in the Gulf of Mexico by Sunday as Hurricane Ida threatens to roar through the offshore oil patch. "Some precautionary curtailment of production has taken place," company spokesman Daren Beaudo said in a ...

Crescent Point Energy sets 2010 capex at C$450 mln

BANGALORE, Dec 16 - Crescent Point Energy Corp (CPG.TO) said it sees 2010 capital expenditures at C$450 million, a 38 percent jump over its budget this year, and expects to spend most of it in drilling and completion activities in the Bakken and Lower Shaunavon resource plays. ...

OPEC forecasts world oil demand increase for coming year

VIENNA, Dec. 15 - The world oil demand in 2010 would reach 85.13 million barrels per day (mb/d), increasing by 0.82 mb/d, or 0.98 percent compared to this year, according to the forecast made by OPEC in its latest monthly oil market report Tuesday in Vienna. The Organization of ...

Asia climate plans to boost energy efficiency sector

HONG KONG - Asia's aggressive emission targets and legislation around carbon and power use are expected to drive demand for energy efficiency products and services, creating lucrative opportunities for investors in the sector. Ongoing climate talks at Copenhagen and commitments ...

Harvest Energy Trust investors approve KNOC offer

CALGARY, Alberta, Dec 15 - Harvest Energy Trust (HTE_u.TO) investors backed Korea National Corp's [KOILC.UL] C$1.8 billion ($1.7 billion) takeover bid for the Canadian company on Tuesday, moving South Korea's biggest overseas energy deal a step closer to completion. KNOC still ...

Strike in Honda-related plant in S. China

About 100 workers at a Honda-related plant in south China's Guangdong Province have staged a strike, demanding pay rises and more vacation time, local authorities said Tuesday. The strike began Monday morning and continued Tuesday at Foshan Fengfu Autoparts Co. Ltd. (Fengfu), ...

Kuwait to price U.S. oil cargoes on ASCI: sources

NEW YORK/DUBAI - Kuwait, the world's No. 4 oil exporter, will switch the basis on which it prices oil cargoes bound for the United States to the Argus Sour Crude Index (ASCI), following a similar move by top world exporter Saudi Arabia, sources familiar with the plans told ...

Port spat sends jitters through Black Sea oil market

MOSCOW - Russian oil exports from the Black Sea could face complications from a brewing dispute between the owners of the biggest port on the coastline and powerful state oil monopoly Transneft, industry experts said. Concerns arose after Transneft head Nikolai Tokarev, a close ...

China reports big rise in auto sales in first 5 months

Automakers in China saw auto sales climbed 53.25 percent from a year earlier to exceed 7.5 million units in the first five months of the year, the China Association of Automobile Manufacturers (CAAM) said in a statement released Tuesday. Auto production also grew 55.39 percent ...

Russia sees 2009 oil output up 1 percent, gas falling

MOSCOW - Russia will produce 1 percent more crude oil this year than in 2008 but natural gas production and exports will decline as a result of lower demand, the country's foremost energy official said on Monday. Russian oil production in 2009 is expected to reach 493 million ...

Exxon Mobil to buy XTO Energy in big U.S. gas bet

NEW YORK/HOUSTON - Exxon Mobil Corp plans to buy XTO Energy Inc for about $30 billion in stock, in a move that thrusts the U.S. energy giant to the forefront of North America's fast-growing natural gas industry. With the buy, Exxon, the largest publicly traded energy company, ...

Subaru to recall Legacy and Outback 2010 models in China

Japanese auto maker Subaru will recall 2,266 of its Legacy and Outback models to fixed faulty hoses in the automatic transmissions, China's top quality watchdog said Monday. The recall was ordered to correct problems with the cooler hose, which could crack and leak fluid in 2010 ...

Kuwait's ruler says oil prices, demand good for now: report

KUWAIT - Oil prices and demand are "good" under the current economic circumstances, Kuwait's ruler said on Sunday, adding that economic growth in Asia will drive future demand for crude. "There is no doubt that the crisis has had an effect, but its effect was relatively limited ...

Iraq sees no big oil output increase in 2010-2011

LUANDA - Iraq expects no significant increase in oil output for the next two years, the country's oil minister said on Sunday. "We don't expect Iraq's production to increase significantly next year or even in 2011," Oil Minister Hussain al-Shahristani told reporters ahead of an ...

Dongfeng Automobile sales reach 23,726 units in May

Dongfeng Automobile Co., Ltd. (DFAC), China's largest light commercial vehicle manufacturer, said its vehicle sales in May reached 23,726 units. Production hit 21,742 units in the same month, a statement filed to the Shanghai Stock Exchange Saturday by the company said. Vehicle ...

Pay dispute at Honda plant settled, production resumed

Labor dispute at a spare parts plant of Japan's second-largest automaker Honda in south China's Guangdong Province has been settled, the company and some employees confirmed. Honda Auto Parts Manufacturing Company, a factory wholly-owned by Honda Motors Co. in Foshan City, ...

Chrysler recalls over 30,000 Dodge Calibers

Chrysler will recall over 30,000 2007 Dodge Calibers and 90 Jeep Compasses around the world, the Detroit News reported Friday. The recall includes about 25,300 Calibers sold in the United States and some 5,600 in Canada -- all equipped with an automatic transmission. No accidents ...

OPEC to keep supply unchanged: Algeria's Khelil

ALGIERS - OPEC will keep its supply level unchanged when it meets on Tuesday in Angola, Algeria's Energy Minister Chakib Khelil said on Sunday. "There will be no change in OPEC's supply of crude oil. OPEC will not reduce supply and it will not increase supply," Khelil told ...

Iraq, Shell ink deal on supergiant Majnoon field

BAGHDAD - A group led by Royal Dutch Shell, Europe's largest oil company, signed a deal to develop Iraq's Majnoon supergiant oilfield, pledging to spend tens of billions of dollars on the project over the next two decades. Shell, along with Malaysia's state-run Petronas, won the ...

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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