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Middle East: Iran sees oil supply crisis ahead; says $100/b oil "natural"

Iran's OPEC governor said Tuesday that oil prices at $100/barrel in the short term seemed "completely natural," warning that the world faced a looming oil supply crisis because of production declines of up to 10% from producing fields. "A crisis of unreliable oil supply in the ...

China: Dalian Wepec to halt LPG production in Feb'11 on turnaround

Dalian Wepec is expected to suspend LPG production in February 2011 when it would go into month-long overhaul, a refinery source said. The refinery would supply LPG from storage during the once-every-four-year turnaround period, the source said. However, it may have to reduce ...

Europe:Ukraine terms JV with Gazprom

Kiev supports the idea of forming stronger ties with Russian gas monopoly Gazprom but talks on a formal venture are "only proposals," the government said. Gazprom announced last week that it agreed to set up two new joint ventures with Ukrainian energy company Naftogaz. Gazprom ...

Afirca:Nigerian oil pipeline attacked by NDLF

A militant group engaged in an armed rebellion against Nigerian forces said it carried out an attack on a pipeline in the southeast of the oil-rich country. Rebel leaders said more than 100 civilians were killed in the raid, something the government denies. Nigerian military ...

Asia:Chevron supports FTA between US, S.Korea

Chevron, one of the largest U.S. investors in South Korea, hailed a free-trade agreement negotiated between the U.S. and South Korean presidents. U.S. and South Korean trade negotiators Friday said they had overcome the stumbling blocks of automobile imports and exports, one of ...

Ameircas:Oil dips below $88 on extended profit taking

World oil prices dropped below $88 a barrel mark in Asian trade Wednesday as US gasoline stockpiles surged while profit taking also hit the black gold. Light sweet crude for January delivery was seen trading at $87.91 a barrel at 12.00 noon Singapore time while Brent crude was at ...

Ameircas:Heavy crude weighs heavy on environment

Heavier, thicker crude oils increasingly favored as the source for America's liquid fuels will increase greenhouse gas emissions, a study says. As the biggest and most accessible reservoirs of light crude oil supplies are depleted, the oil industry has increasingly been turning ...

Europe:Energy markets to witness extreme volatility

Ok ladies and gentlemen, I'd like to welcome you to today's broadcast. I've got Rick Rule here and we're going to spend a little bit of time talking about energy. First off, uranium uranium prices had a tremendous move a few years ago, going up from, what? $8 a pound to well over ...

Paid users boost Giant's profit

Giant Interactive Inc's net profit grew an annual 5.6 percent in the third quarter as more users paid to play games like ZT Online, the Nasdaq-listed firm said yesterday. But its revenue was less than expected because of a drop in individual user's average spending. In the third ...

Europe: NWE ethanol price unlikely to repeat change of year rise: trade

Ethanol prices in the Northwest European market are unlikely to rise at the end of 2010 and the beginning of 2011 as they did the previous year due to changes in market dynamics, with most European ethanol imports now coming from the US, trading sources said this week. "I don't ...

China plans for more charging stations for electric cars (2)

SGCC built 6,209 electric vehicle supply equipment at 75 charging stations in 27 Chinese cities last year, the newspaper said. The company's move is part of the government's effort to promote the development of the electric auto industry, which has been listed as one of the ...

Alcatel-Lucent to ink US$1.68 bln Chinese deal

Telecom equipment maker Alcatel-Lucent SA said on Thursday it will sign a 1.18 billion euro ($1.68 billion) deal with Chinese telecom operators, as China's booming economy creates increasing demand for communication equipment. The contracts with China Telecom, China Mobile and ...

Americas: Dec-Jan backwardation in US benzene market widens to 13 cents/gal

The December-January backwardation in the US benzene spot market widened Tuesday as prompt benzene values surged on tight supply. Sources reported December benzene trades at 355, 358 and 360 cents/gallon DDP USG. Those trades widened the December-January backwardation to roughly ...

China plans for more charging stations for electric cars

State Grid Corp. of China (SGCC) plans to build more electric charging stations in Beijing and several other cities this year to meet rising demand for electric vehicles, a Beijing newspapers reported Saturday. The country's dominant electric power transmission company will build ...

Americas: US styrene price expected to strengthen as feedstocks climb

US styrene was expected to climb as stronger crude oil prices pushed petrochemicals higher across the board. "Costs keep pushing higher, so I would not be much surprised if styrene hits 59 cents," a trading source said on Monday. Variable costs for styrene production -- based on ...

Asia: Saudi Aramco in talks with Asia buyers for Jubail PX, benzene

Saudi Aramco has begun talks with prospective customers to sell paraxylene and benzene cargoes from its upcoming 400,000 b/d refinery in Jubail Industrial City in late 2013 or early 2014, sources close to the company said Monday. "The company is talking to customers in Asia," a ...

China: PetroChina to build 1-mil-cu-m crude reserve storage in SW. China's Chengdu

PetroChina is projected to construct a 1-mil-cu-m crude reserve storage in Chengdu City in Southwest China s Sichuan Province, according to a company source. The storage to be equipped with ten 100,000-cu-m tanks is supportive facility of PetroChina's 10-mil-mt/yr refining ...

Ameircas:EU imposed illegal curbs on bio fuels: ECIPE

In the midst of faltering climate change negotiations in Cancun, the European Union has ignored protests from developing countries and has imposed new trade restrictions on imports of cheaper biofuels, which trade experts assess as breaching WTO rules. The measure, which came ...

Asia: Indonesia to review tax, other incentives for refinery projects

Indonesia is reopening discussions this week on the tax, financial and other incentives it will give investors and oil producers ready to help the country build additional refineries so that it can become self-sufficient and less reliant on oil product imports. "We will meet with ...

Asia:Critical decisions looming for Japan's nuclear industry

SITUATION Japan is advancing with plans to reprocess spent nuclear fuel and boost its external nuclear exports. These decisions will impact the conduct of Japan's global non-proliferation diplomacy. ANALYSIS Assessing the degree of salience to Tokyo of non-proliferation goals ...

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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