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China: PetroChina raises Oct naphtha ex-refinery price by Yuan 60/mt

p>PetroChina is expected to lift naphtha ex-refinery price for its subsidiary refineries by Yuan 60/mt to Yuan 4,973/mt as from Oct 1, according to a source with the oil oligarch. The major has changed its pricing system for naphtha since Sep 1 of 2005, by taking FOB Singapore ...

China: PetroChina raises Oct inner settlement price of Daqing crude by 0.9% to Yuan 4,321/mt

p>PetroChina pegged after-tax inner settlement price of Daqing crude at Yuan 4,321/mt in October, slightly up Yuan 39/mt or 0.9% on month, according to a source with the oil tycoon. The price was calculated on the basis of changes in international crude prices during Aug 26-Sep ...

China's Ministry of Industry and Information Technology: Consumer Appliances Output in Jan-Aug up more than 25%

p>According to statistics from the Ministry of Industry and Information Technology, output and sales of household appliance grew stably in August. Output of refrigerator, air-conditioner and washer respectively climbed up by 22.4%, 34.8% and 26.5%. In Jan-Aug, output of consumer ...

Americas: UTECH North America 2010 to Open Next Month

The Polyurethanes 2010 Technical Conference in conjunction with UTECH North America Exhibition will take place on October 11-13, 2010 at the George R. Brown Convention Center in Houston, Texas. This year s conference will bring together major polyurethane enterprises such as ...

Europe: ECHA to offer support to Reach registrants behind schedule

p>The European Chemicals Agency (ECHA) will offer help to companies which have found themselves in difficulty submitting a full registration dossier for the new Reach chemicals legislation on time, it said on Monday. It added that companies which found themselves in these ...

Europe: EC may sidestep Greens Wed on Spain coal-fired power aid: source

p>The European Commission is set to approve Spain's application to subsidize the priority use of domestic coal in electricity production despite opposition from the green movement, a source in Brussels told Platts Monday. The European Commission is set to approve Spain's ...

Vietnam joins race for biofuel

Vietnam said it has intensified efforts to promote biofuel production in the country under the plan on biofuel development to 2015 with a vision to 2025. According to country s energy ministry, Vietnam is focussing on production of green gasoline from cassava, coconut, sesame, ...

US homes, business turn to soy, sun for energy

While some Americans may see the Gulf catastrophe as a symbol of the heating oil industry, the true symbol of today s industry is a soybean field or a solar panel. Soy and the sun are two renewable energy sources increasingly used to heat U.S. homes and businesses, according to ...

Americas: US CFTC chairman calls for consistency in OTC derivatives reform

p>US Commodity Futures Trading Commission Chairman Gary Gensler on Tuesday called the new US law and European Union proposals on over-the-counter derivatives reform "largely consistent," but pressed European officials to adopt provisions, including position limits on energy ...

Asia: Australian Arrow spinoff Dart acquires Apollo Gas for A$126 mil

p>Australian coalbed methane producer Dart Energy took another step closer toward its aim of becoming the world's first global CBM company on Tuesday when it launched a friendly all-scrip takeover offer for CBM explorer Apollo Gas that values the latter at A$126 million ($121 ...

EURO GAS: Prompt markets rise on cooler weather

p>Continental European prompt gas prices rose Tuesday due to cooler temperatures across the region, market sources said. At 1200 London time day-ahead at the Dutch TTF trading point was at Eur19.20/MWh, 55 euro cent above its Monday closing level. Continental European day-ahead ...

Americas: US expected to roll out 2017-2025 fuel economy standards this week

p>The Obama Administration is expected to issue a notice of intent to increase fuel economy standards for 2017-2025 model year passenger cars and light trucks by Thursday, a self-imposed deadline the administration set last May. The new standard could range as high as 60 miles...

OPEC Meeting Leaves Oil Output Unchanged

OPEC ministers announced Saturday the oil output would remain unchanged, while Saudi Arabia said it favors a price between 70 to 80 dollars per barrel. The announcement came as a relief for oil consumers, who were worrying that the rising oil price would soon break the psychologi...

Asia: Russia's Sakhalin 1 to hike 2011 output 8% to 155,000 b/d

p>The ExxonMobil-led Sakhalin 1 project, offshore Russia's Far East, plans to increase crude production to an average 156,000 b/d in 2011, up 8.3% from 144,000 b/d expected in 2010, with the start of a new field later this week, an official with the project's operator Exxon ...

Europe: Eni calls for incentives to restructure European refining sector

p>European policymakers should consider a raft of fiscal incentives to help the region's refiners shed surplus capacity and reconfigure assets as the industry struggles to face growing market challenges, Eni's head of downstream development initiatives Maurizio Maugeri said ...

China: Heyun Industrial in NE. China starts operation of 280,000-mt-yr LPG processing unit

p>Panjin Heyun Industrial Group in Northeast China's Liaoning Province has recently started operation of a 280,000-mt-yr unit that runs on LPG and produces MTBE an ETBE etc, according to a source with the company. This unit is estimated to consume about 800mt of LPG per day amid ...

Asia: The latest State policies will affect SNG/CBM industry in China

p>In recent years, with the international community's concerns to the global warming issue, as well as the pace of energy saving and emission reduction accelerating and a worldwide energy shortage, the coal-based synthetic natural gas(SNG) and coalbed methane(CBM) industry ...

Crude Prices Break Below 88 Dollars a Barrel

Crude prices Friday broke below 88 U.S. dollars a barrel as China raised bank reserve requirement and positive economic data lifted dollar. China's central bank on Friday raised bank reserve requirement by 50 basis points for the third time in a month to counter inflation. ...

Asia: Japan to postpone 1.13 mil barrels Sep SPR crude sales tender

p>Japan's Ministry of Economy, Trade and Industry will likely postpone a tender it was planning to issue in September to sell up to 180,000 kiloliters (1.13 million barrels) of crude from its strategic petroleum reserves, a ministry source said Monday. METI in its September ...

Europe: Radici to invest in nylon 6 and 6,6 BCF spinning lines

p>RadiciGroup has announced a new investment at its production site in Casnigo, which is engaged in the production of polyamide 6 and 66 BCF yarn sold under the Radifloor brand name. The investment of about EUR 10 million will go towards the installation of new spinning lines for ...

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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