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China: Sinopec to supply 704,600mt of distillates to SW. China via pipeline in Nov, down 4% on month

Sinopec is expected to transmit a combined 704,600mt of gasoil and gasoline to Southwest China's Guangxi, Guizhou and Yunnan via its Southwest Oil Product Pipeline in November, down 4% from the previous month, revealed a source with pipeline department of the oil giant. Gasoil ...

China: PetroChina Dalian Petchem sets Nov crude oil throughput target steady at 1.5-mil mt: on month

PetroChina Dalian Petrochemical plans to process 1.5-mil mt of crude oil in November, flat on month, a refinery source said. The refinery accumulatively refined 14.6-mil mt of crude oil in the first ten months, accounting for 85% of the target for the year, some data showed. Its ...

Europe:Natural gas, the answer to challenges in energy

Natural gas could help drive a clean energy environment in an energy sector that expects substantial increases in demand, a Shell executive said in Singapore. Malcolm Brinded, executive director of the upstream sector at Royal Dutch Shell, told the audience at an energy summit in ...

Asia:Russia oil output hits all time high in October

World s largest oil producer Russia s production hit an all time high in October, according to country s Energy Ministry. October's oil output beat the all-time high of 10.16 million bpd in October, up by 4 percent as new fields went on stream on Sakhalin Island. Production has ...

China:Oil extends rally on weak dollar, Fed move

Extending gains for a straight fourth day at Thursday, oil surpassed $85 a barrel mark in Asian trade mainly after the Fed announced plan to boost US economy. Light sweet crude for December delivery was seen trading at $85.25 a barrel at 12.00 noon Singapore time while Brent ...

Middle East:'Crude Oil may trade in $70-$90 range next year'

Raymond James Oil and Gas Analyst Luc Mageau believes that with relative near-term stability in oil and gas prices, making money in the exploration and production (E&P) space is all about picking the right companies. He covers mostly small players north of the border, especially ...

Americas:Trade Tech's uranium spot prices rise 11% in Oct

TradeTech s uranium spot price climbed during the month of October amid renewed buying interest from a variety of market participants and ended the month at US$52 per pound uranium oxide (U3O8) an increase of more than 11 percent compared to the September 30 TradeTech Exchange ...

Americas: Brazilian polypropylene offers to Argentina rise $50/mt for Nov.

p>Brazilian polypropylene offers to Argentina increased by $50/mt for November but remained flat over October to fellow Mercosur countries Uruguay, Paraguay and Bolivia, a source at Braskem said Thursday. "In October we had a very competitive market in the Mercosur region with ...

Asia: Saudi Aramco to open H1 2011 naphtha term talks Nov 29 in Singapore

p>Saudi Aramco will open term naphtha talks with its customers for the January-June 2011 supply cycle during the week starting November 29 in Singapore, industry sources said Thursday. Aramco offers five grades of naphtha on a term basis, and for naphtha supplied in the second ...

Europe: NWE MEG buyers and sellers at loggerheads over Nov CP: sources

p>Negotiations between buyers and sellers of monoethylene glycol are at a standstill over the November Northwest European contract price, with the low October settlement overshadowing the talks, sources said Friday. "There has been no progress. Producers want Eur950/mt FD NWE, ...

Americas: Senate Republican leader hopes for Democratic cooperation on energy policy

p>US Congressional Republicans Wednesday celebrated their new-found legislative clout following Tuesday's midterm election, and asked Democrats to cross the aisle to help them enact policies which have the support of both parties, including on energy. Bipartisan cooperation will ...

Americas: Election won't alter Pennsylvania DEP, E and Ps must test more: execs

p>After a day digesting seemingly positive election results in Pennsylvania, natural gas executives went back to work Thursday to discuss the Marcellus Shale's most pressing public problem: where to get water and how to dispose of it after use. Pennsylvania voters elected ...

Europe: Poland agrees to work on network code for Yamal gas link

p>The Polish authorities have agreed to work on more detailed implementation measures for the operator agreement for the Yamal gas pipeline carrying Russian gas to Poland and Germany, EU energy commissioner Gunther Oettinger said late Thursday. "We welcome the clarifications.....

Americas: USAC residual fuel oil prices hit record highs on futures rally

p>Atlantic Coast residual fuel prices reached record highs Thursday as crude oil and products futures extended Wednesday's gains on economic optimism. Platts' 1%S physical fuel assessment was up $1.65 at $77.60/barrel Thursday, its highest level since May 4. In addition, with ...

Asia: Sinopec to run record 4.26 mil b/d crude, delay maintenances in Nov

p>China's Sinopec plans to process a record 583,000 mt/day (4.26 million b/d) of crude oil in November due to a domestic shortage in diesel, its parent state-owned China Petrochemical Corp Group said in a report Friday. The November crude runs would be 9.9% more than November ...

Africa: Nigerian parliament says new oil law targets more investments

p>The Nigerian parliament aims to pass into law a new oil bill that will bring radical changes in the country's petroleum sector and stimulate investments in Africa's biggest oil and gas industry, a statement Friday from the office of the senate president said. "The National ...

China: Freight rates for shipping fuel oil southwards stable in early Nov

The freight rates for delivering fuel oil from northern China to East and South China have been stable in early November amid higher cost, though shipping demand has dropped, a survey with ship owners found. For 3,000-DWT oil tankers moving from Dalian in Northeast China to ...

Asia: Royal DSM sells Thermoplastic Elastomers (Sarlink) to Teknor Apex

Royal DSM N.V., a Netherlands-based manufacturer of nutritional and pharma products, has sold the business unit Thermoplastic Elastomers (Sarlink), part of the business group DSM Elastomers, to Teknor Apex Company, a US-based material science company. Announcement (September 15, ...

Africa: Total says Nigeria remains core area despite delays in oil reform

p>French oil major Total has no intention of reducing investment in African countries, in particular Nigeria, despite uncertainty over planned reforms to the energy sector, a senior executive said Thursday. "We have a lot of investments on the go. Nigeria is a core area for us to ...

Americas:Why nat gas producers are unwilling to hedge?

Natural gas prices in Canada are so low that end users are now trying to seduce producers to hedge, so they can lock in longer term low prices. But few producers are keen to lock in long term losses. RBC, Canada s largest brokerage firm, suggested in a weekly comment that ...

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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