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China: CNOOC Zhongjie Petchem to halt LPG production on Sep 16 on overhaul

p>CNOOC Zhongjie Petrochemical is expected to suspend its LPG production on Sep 16 when it would kick off a 40-day overall turnaround, a refinery source said. The refinery has slashed its LPG output to less than 50mt per day by Sep 14, only about 13% of the normal amount, the ...

China: Rural Home Appliance Sales More than Double in August

p>Sales of home appliances in China's countryside continued to grow rapidly in August, boosted by a rural subsidy program for Chinese rural buyers, according to figures released by the Ministry of Commerce (MOC). In August, sales of home appliance covered by a rural subsidy ...

Asia: BASF Consolidates Indian Operations

p>The parent company s intentions are a critical aspect for investors assessing multinational stocks. Its intentions influence strategy, performance and more importantly, whether minority shareholders benefit. For example, a higher royalty outflow will benefit the parent, but not ...

Europe: DuPont and Invista settle dispute

p>WILMINGTON, DEL -- DuPont Co. and Invista have settled a trio of lawsuits between the two firms. Terms of the agreement were not disclosed, officials from Wilmington, Del.-based DuPont and Wichita, Kan.-based Invista said in a Sept. 13 news release. The lawsuits covered ...

BP starts relief well drilling operations in Gulf

British oil producer BP said on Monday it restarted relief well drilling operations as part of its plan to seal permanently its failed well in the Gulf of Mexico. BP said in a release on its Web site the crew on the Development Driller III resumed drilling at 1:40 p.m. CDT ...

Opec wants Russia to slow down oil production

Organization of Petroleum Exporting countries (OPEC) urged Russia to slow down oil production in the future. OPEC Secretary General Abdallah Salem El-Badri said Russia s over production is likely to affect OPEC s operations in near future. Get the most comprehensive analysis and ...

Sinopec, CNOOC eyeing on Brazilian oil firm for stakes

China s two major crude oil and natural gas producers Sinopec Group and CNOOC are eyeing on Brazilian oil and gas firm OGX SA for stakes. OGX SA is considering sales of stakes in some of its oil blocks after making a string of hydrocarbon finds in recent months, according to ...

Oil slips below $77 on Euro zone worries

Global oil prices pared much of its gains in European trade Tuesday as the dollar regained against the euro amid negative Euro zone industrial production reports. Light sweet crude for October delivery was seen trading at $76.61 a barrel at 1.00 p.m London time while Brent crude ...

China's Tianjin Soda to double oxo-alcohols capacity by Oct 2012

p>China's state-owned Tianjin Soda will double the capacity of its oxo-alcohols plant in the Binhai Industrial Area, Tianjin by October 2012, a company source said Tuesday. Tianjin Soda, a subsidiary of the Tianjin Bohai Petrochemical Group, is currently in the process of ...

Oil extends fall towards $76 in Asia

World oil prices extended losses in Asian trade Wednesday mainly on reports of increase in US crude inventories. Light sweet crude for October delivery was seen trading at $ 76.18 a barrel at 12.00 noon Singapore time while Brent crude was seen trading at $ 78.92 a barrel in ...

Americas: Nylon maker Invista, DuPont settle lawsuits over ADN technology

p>US-based nylon maker Invista and DuPont have settled three existing lawsuits between the companies concerning polymers technology, adiponitrile (ADN) technology and disputes related to existing supply agreements for an undisclosed sum, the companies said jointly Monday. The ...

Baosteel to increase prices of products

Baoshan Iron and Steel Co, one of China's largest steel makers, yesterday said prices of major steel products will rise 150-300 yuan (US$23-US$45) per ton from next month to reflect the recent hike in the futures market and rising raw material costs. Hot-rolled steel for January ...

Europe: Butane moves from NWE to Mediterranean on open arbitrage: trade

p>Butane is moving from Northwest Europe to the Mediterranean as a wide spread between prices in the two areas make the arbitrage workable, trading sources said Tuesday. "We see lots of vessels moving from the North to the South," a source said. The spread between butane prices ...

China's gasoil output inches down 1.37% on month in Aug: NBS

p>China produced 13.27-mil mt of gasoil in August 2010, modestly down 1.37% from the previous month, according to the data from the National Bureau of Statistics. The drop came when domestic refineries cut crude throughput by 1.56% amid maintenance, though they edged up gasoil ...

China suspends gas talks with Japan

In the latest development following Japan s arrest of a Chinese fishing vessel captain, the dragon nation has apparently postponed talks with Japan over a treaty on the development of a joint gas field in the East China Sea. Japanese foreign ministry said China has postponed ...

Asia: BASF to Merge Subsidiaries in India

p>The parent company s intentions are a critical aspect for investors assessing multinational stocks. Its intentions influence strategy, performance and more importantly, whether minority shareholders benefit. For example, a higher royalty outflow will benefit the parent, but not ...

Asian 2-EH, PA producers delay turnarounds on increasing margins

p>Asian oxo-alcohol producers have been delaying turnarounds to take advantage of increasing margins after prices for their products rose while feedstock costs fell. Prices for 2-ethyl hexanol firmed $55/mt this week to $1,690/mt CFR China, and for normal butyl alcohol by $30/mt ...

Oil stays below $75 as Enbridge to restart operations

Global oil prices remained below $75 a barrel in Asian trade Friday as a main US-Canada oil pipeline to resume operations today. Light sweet crude for October delivery was seen trading at $74.71 a barrel at 12.00 noon Singapore time while Brent crude was at $78.92 a barrel on the ...

Renewable energy to account for 64% of EU needs by 2020

European Union said renewable energy is set to make up nearly two-thirds of new electricity generation capacity installed in the EU over the next decade. According to European Commission s update on its energy trends to 2030 report, renewable electricity will account for 64% of ...

Europe: NWE propane supply likely to put pressure on naphtha for cracking

p>Greater availability of propane in Northwest Europe during the first half of October is likely to put pressure on the naphtha market as the preferred cracking feedstock among petrochemicals companies, sources said Friday. "Propane prices have come off this week versus naphtha. ...

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 ...

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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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