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China completes 3rd Shaanxi-Beijing natural gas pipeline

The third natural gas pipeline from northwestern China's Shaanxi Province to Beijing was completed Friday and will be put into use on Jan. 4, according to an official of the state-owned China National Petroleum Corp (CNPC). Zhao Yujian, head of the Pipeline Bureau of the CNPC, ...

Wuhan Steel's profit up 20% in 2010

China's major steelmaker Wuhan Iron and Steel Group would likely see a 20-percent rise in profits in 2010, despite rising production costs, the company said in a statement Friday. Wuhan Iron and Steel Group is the state-owned parent of Shanghai-listed Wuhan Iron and Steel Co. Ltd...

China: Guangzhou traffic control hinders base oil transportation during Asian Games

Guangzhou implemented traffic control restrictions with the aim of improving the air quality and reducing traffic congestion during the Guangzhou Asian Games effective from Nov 1 to Dec 21, according to announcement from the municipal government. Oil trucks would be banned out or ...

China: Sinopec marks up base oil ex-refinery prices by Yuan 150/mt on Nov 1

Sinopec lifted base oil ex-refinery price by Yuan 150/mt on Nov 1, revealed a source with the oil giant. The markup was attributable to higher feedstock costs since October when crude prices hovered above US$80/bbl, explained the source. The company had not fixed specific ...

Middle East:Iran getting closer to common ground on deal with Iraq

Iran and Iraq are moving closer to finding common ground on the exploitation of oil fields straddling their shared border, an Iranian executive said. Mehdi Fakour, managing director of the National Iranian Central Oil Co, told the Oil Ministry's Petroenergy Information Network ...

Asia:Oil leaps in Asia on US stockpiles drop

Global oil prices climbed towards $84.50 a barrel in Asian trade Wednesday mainly after reports of decrease in US crude stockpiles. Light sweet crude for December delivery was seen trading at $84.37 a barrel at 12.00 noon Singapore time while Brent crude was at $ 85.64 a barrel ...

Steel firms cast downstream

As overcapacity continues to squeeze steel makers' profits, Baosteel Group has begun manufacturing auto parts in search of new sources of revenue. Two new Baosteel plants will make auto parts for lightweight, fuel-efficient vehicles, the steel giant said Tuesday on its website. ...

Middle East:Fed s QE2 may lift crude prices to $100 in 2011

Global oil demand has been running strong ahead of a 2nd round of QE (quantitative easing) likely to be announced by the Fed this week. Higher demand on the back of optimism for improved industrial and transport consumption, oil prices are expected to head north in the coming ...

Americas: Georgia Gulf proposes 5-cent hike for US December PVC contracts

p>PVC producer Georgia Gulf Corporation (GGC) said it would increase its December contract in the US by 5 cents/lb, the company announced Wednesday in a letter sent to its customers. The nomination was for all suspension-grade PVC resins effective December 1, the letter said, ...

Asia: Banks defer loan principal repayments to help chemical tanker sector

p>Banks that finance chemical tankers are coming up with innovative solutions to deal with the increasingly growing problem of default, industry sources said this week. Brokers and charterers of chemical tankers said, that in recent months, several banks were offering two-year ...

Europe: The European MTBE blenders look towards 1.10 gasoline factor

p>The European MTBE to eurobob gasoline barges factor was expected to drop towards 1.10 in order to entice blenders due to poor gasoline blending economics, sources said Wednesday. The factor had fallen from 1.2420 on October 21 to be assessed Wednesday at 1.1567, according to ...

Americas: Alpha's Q3 coal output gains on merger, costs remain elevated

p>Driven by improved pricing and increased tons of coal sold, Alpha Natural Resources said Wednesday its third quarter net income pushed to positive territory to $31.87 million, compared with a loss of $16.27 million in the same quarter of last year. The company said that ...

Americas: Global shale gas spread depends on adapting US tech: panelists

p>Whether technologies used in US shale plays to boost unconventional natural gas production tenfold over the last decade will produce similar results in the unique geology of such formations in other countries remains to be seen, panelists at the CWC World Shale gas conference ...

Asia: Australia's Santos buys Cairn stakes in Bangladeshi gas field

p>Australian exploration and production company Santos has executed an agreement to buy UK-based Cairn Energy's interests in Bangladesh for an undisclosed sum. The deal covers Cairn's interests in Block 16 (Sangu) and Block 16 (Exploration) in the Bay of Bengal, Santos said in a ...

Europe: UK's Melrose starts gas output at two Bulgarian offshore fields

p>The UK's Melrose Resources said Thursday it had begun natural gas production from the Kavarna and Kaliakra gas fields in the Bulgarian sector of the Black Sea. Production is slightly behind schedule but still a boon for Melrose which was disappointed by the termination of ...

Energy-saving drive set to push up steel prices

Steel prices are likely to rise in China in the fourth quarter as power restrictions trim production capacity due to the country's urgent call to meet energy-saving targets while new construction projects will push up market demand, industry analysts said. Hebei province, which ...

Americas: Ethanol sees friend in likely House Agriculture chairman

p>Ethanol producers could hold onto a strong position in the new Republican-controlled House of Representatives, an ethanol lobbyist said Wednesday. Oklahoma Republican Frank Lucas, who is poised to become chairman of the House Agriculture Committee, has warned some groups that ...

Asia: Western Australia seeks support to oppose new petroleum regulator

p>Western Australian Mines and Petroleum Minister Norman Moore has written to oil and gas companies seeking their support for the state's opposition to federal government plans to establish a national offshore petroleum regulator. The federal government has proposed establishing ...

China: Guangdong's fuel oil supply under impact from tougher restriction during Asian Games

Guangdong's fuel oil supply will be impacted by tougher restriction during the Asian Games, as the production and transportation of dangerous goods will be under more rigid regulations. During the Asian Games, the production of dangers goods in nearby areas will be prohibited. ...

China: LPG wholesale prices in S. China rise close to government-capped ceiling

LPG wholesale prices kept rising in South China in November, in line with price increases in international market, approaching the ceiling set by the government, a survey found. LPG ex-refinery prices of major refineries in South China were Yuan 6,650-6,700/mt Thursday, versus ...

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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 ...

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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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