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China: China's LPG apparent consumption inches up 1.54% yoy in Jan-Aug: NBS

p>China's LPG apparent consumption added up to 15.08-mil mt in the first eight months of 2010, up 1.54% from the same period 2009, shows data from the National Bureau of Statistics. The increase was mostly due to stronger demand amid recovering economy and higher price-performanc...

China: PetroChina Dushanzi Petchem to refine 700,000mt of crude in Oct, flat on month

p>PetroChina Dushanzi Petrochemical scheduled to process 700,000mt of crude oil in October, flat from a month earlier, a refinery source said. The source also indicated that the 6-mil-mt/yr old crude distillate unit was still idled, with resumption date unfixed yet. The refinery...

BPF welcomes EFSA statement on bisphenol A

The British Plastics Federation (BPF) has welcomed the European Food Standards Agency s (EFSA) confirmation of the safety of bisphenol A (BPA). The EFSA research, spearheaded by the European Commission, based on a detailed and comprehensive review of recent scientific literature ...

US propylene for October begins to settle down 1.5 cents/lb

HOUSTON-US propylene contracts for October began to settle down by 1.50 cents/lb ($33/tonne, 24/tonne), pressured by weakening demand and anticipated supply length, market sources said on Friday. The initial settlements, which represent a 2.5% drop from September, put polymer...

Emerging markets rush turning into secular move

Key finance chiefs meeting in Washington and Seoul over the coming weeks will try to sooth tensions, intensified by Japan's currency intervention, expectations of more money printing in the United States and Brazil's measures to slow capital inflows. But such flows into emerging ...

Americas:October- National Renewable Energy Month in USA

The month of October is being declared the 'National Renewable Energy 401 (k) Month' here ata global conference on Friday, The Renewable Energy Initiative (TREI) said. "The 3rd Annual International Conference on Energy, Logistics and the Environment" is being sponsored by the ...

Middle East:Iraq oil hopes hinge on tackling insurgency

Iraq says it expects to raise oil production to 4 million barrels per day in 2013, up from 2.35 million now, in its drive to rival Saudi Arabia as the world's top producer. But that will depend greatly on the government's ability to protect the oil industry which will become more ...

Middle East:OPEC oil output down 80,000 b/d in Sept

Crude oil production from the 12-member Organization of the Petroleum Exporting Countries (OPEC) averaged 29.03 million barrels per day (b/d) in September, down 80,000 b/d from an estimated 29.11 million b/d in August, a just-released Platts survey of OPEC and oil industry ...

Middle East:Solar panels power Maldives President's residence

Solar modules have been installed at the official residence of the President of Maldives as part of a major global effort to fight climate change.The installation was done the same week US President Barack Obama's office announced plans to install solar panels on the White House ...

Americas: Gas output may rise with capital shift to high BTU plays: Bentek

p>Natural gas production in the US could stay the same or even rise despite hefty capital spending that exploration and production companies plan to shift away from pure gas drilling, a top industry researcher said Thursday. That is because the money will go into liquids-rich ...

ASIA SPOT LNG: JKM at $9.25/MMBtu, Dec demand boosts Nov values

p>Asian spot LNG prices were stable at $9.25/MMBtu by the end of the week, as demand for December cargoes gave November values a boost. Platts November LNG Japan Korea Marker started at $9.25/MMBtu Monday, dropping to as low as $9.15/MMBtu October 7 before rebounding Friday. ...

UK GAS: Within-day prices bearish on long system, lower EU demand

p>UK within-day gas prices were bearish Friday as demand from the Continent held at lower levels amid a warm weather spell, alongside more consistency to flows of LNG and gas from Norway, which overall led to a longer system, traders said. Within-day gas was down 1.65 pence a ...

Americas: First contract awarded to Technip for US Gulf spill system

p>The first contract for undersea oil spill containment equipment was awarded Thursday by the consortium formed by four oil and gas majors to develop spill response systems in the Gulf of Mexico. ExxonMobil awarded the contract on behalf of the Marine Well Containment Co. to ...

Asia: US Chevron to target 'growing markets' for Australian LNG volumes

p>US major Chevron may look to "growing markets" for the remaining volumes from any expansion to, its Australian Gorgon and Wheatstone LNG projects, an official said in the company's biannual newsletter, published this week on the company's website. China, India, Thailand, Taiwan ...

Europe: BP plans trading arm shake up amid weaker margins, jobs cuts seen

p>BP is planning to restructure its trading division to counter a drop in profitability and focus on faster-growing emerging markets, according to an internal e-mail seen by Platts Friday. BP's trading profitability has "eroded" due to a tougher operating environment with the ...

Steel industry discusses how to forge ahead

Industry leaders will debate strategy for the steel sector during the sixth China International Steel Congress, to be held in Beijing from May 8-12. This year's congress will focus on development strategies in the post-crisis era and will call on industry leaders to review the ...

China: Eight more companies granted oil product wholesale licenses

p>Eight more companies have been granted oil product wholesale licenses by the Ministry of Commerce of PRC (MOFCOM), according to an announcement released by MOFCOM on Sep 30. These eight companies are PetroChina Laiwu Sales Co in Shandong, PetroChina Sanmenxia Sales Co in Henan, ...

China: Sinopec Maoming Petchem to reduce LPG supply by 13% on maintenance from Oct 10

p>Sinopec Maoming Petrochemical is estimated to lower LPG commodity output by about 200mt or 13% to 1,350mt per day, after it shut some units for 30-40-day maintenance from Oct 10, a refinery source said. The units mainly include a 2.5-mil-mt/yr crude distillate unit and a 1-mil...

China: Sinopec raises inner settlement prices of gasoil by Yuan 150/mt

p>Sinopec evaluated inner settlement prices of gasoil between regional marketing companies and provincial sales branches by Yuan 150/mt, effective from Oct 1, according to a source with the oil giant. The refiner may continue to boost gasoil wholesale prices, which kept rising in ...

Asia:Cambodia's only biofuel plant delays reopening

The only biofuel factory in Cambodia remained closed owing to lack of raw materials. MH Bio-Energy plant, a Kandal province factory owned by South Korea pushed back its reopening to December 2010 as the price of cassava remains high. The factory uses cassava to produce ethanol ...

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

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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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