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Americas: US Dec PX contract settles partially at 63 cts/lb, up 2.5 cents

The US paraxylene contract was settled between Flint Hills Resources and its buyers at 63 cents/lb ($1,389/mt), a company source said Friday. The settlement was 2.50 cents/lb over the average contract price in November, which was 60.50 cents/lb. Other US PX makers were heard to ...

Asia: Australian coal miner Curragh lowers 2010 sales volume forecast

Australian coking coal producer Curragh, a subsidiary of Westfarmers Resources, has revised its estimate of volumes to be sold in 2010 to 6 million-6.5 million mt, down from 6.2 million-6.7 million mt, following heavy rains in recent weeks, the company said in a statement to the ...

Americas: New York governor orders ban on fracking until July 1

New York Governor David Paterson Saturday ordered the state's Department of Environmental Conservation to "intensify its analysis" of the impact of hydraulic fracturing of natural gas wells and prohibited the drilling of such wells until at least July 1, 2011. Paterson, who will ...

Asia: Russia's Gazprom, Oil India in talks on joint Indian gas projects

Russian gas giant Gazprom is in talks with state-owned Oil India Ltd. on two potential gas projects in India, Gazprom's head for the country, Alexander Nikoforov, said Monday. The companies are discussing partnership arrangements for two projects--one onshore and one offshore--in ...

Europe: EMG, Israel Corp in deal on 1.4 Bcm-2.9 Bcm/year gas supplies

East Mediterranean Gas Supply Corp has signed agreements to supply 1.4 billion cubic meters of natural gas to three companies controlled by the Israel Corp., according to a statement Monday by Ampal-American Israel Corp. The statement said that the agreements are for a total of 1...

Americas: Court rejects industry request for stay of EPA GHG rules

The US Court of Appeals for the District of Columbia on Friday rejected an industry request that it issue a stay that would have blocked the Environmental Protection Agency from imposing limits on greenhouse gas emissions from large stationary sources beginning January 2. Oil and ...

China's Nov LPG output drops 2.54% on month to 1.84-mil mt: NBS

p>China produced 1.84-mil mt of LPG in November, down 2.54% from the previous month, according to data released by the National Bureau of Statistics. The decline was mainly due to 1.04% on-month decrement in crude throughput in the period, market sources denoted. In addition, LPG ...

China: Yan'an Refinery restarts 1.4-mil-mt/yr hydrocracker, 1.2-mil-mt/yr reformer

Yan'an Refinery resumed operations of a 1.4-mil-mt/yr hydrocracker and a 1.2-mil-mt/yr reformer on Dec 13, two days ahead of plan, a refinery source said. "With the two units on-stream, we will soon resume normal oil product output," said the source. The two units were shut for ...

China: Shantou Deyuan expected to bring on stream 7,500-cu-m LPG storage in Feb'11

Shantou Deyuan Gas & Chemical Development is expected to put 7,500-cu-m LPG tank farm into operation in Shantou City in February 2011, a company source said. Shantou Deyuan is a LPG depot in South China's Guangdong Province, estimated to purchase nearly 220,000mt of LPG by barge ...

Ameircas:Cyclical commodities like Copper, Crude Oil to pick up in 2011: Goldman Sachs

Commodities that are cyclical in nature, such as copper and crude oil, may be among those that will post strong performances in 2011, Goldman Sachs said in its 2011 commodities outlook released Monday. In 2010, commodity returns were driven almost entirely by non-cyclical ...

China:Chinese solar ACs send excess power to grid

China says it is producing solar-powered air conditioners that can also send excess electricity to a power grid, with the first 50,000 units going to America. The air conditioner, developed by Gree Electric Appliances, mainly uses solar power, using normal electricity only when ...

Middle East:Qatar celebrates as it becomes largest LNG producer

Qatar celebrated as it became the world's largest producer of natural gas marking the production capacity milestone of 77 million tones per annum (MTA). The event was celebrated in Ras Laffan Industrial City at a ceremony under the patronage and in the presence of His Highness ...

Europe:Invest in energy sector: Marc Faber

Commodities boom in the last one year has broken several records as precious metals, base metals and several agricultural commodities are running at historic, record prices these days. But what about crude oil and other energy-related sectors? Should you invest in energy sector? ...

Asia:TAPI Pipeline: A new silk route links Central and South Asia

As a project which would aimed to boost economic growth of not only India but other participating countries, India termed the TAPI pipeline the new Silk Route' between Central Asia and South Asia. The Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline will usher in a new era ...

Asia:Oil dips on China inflation concerns

Global oil prices eased in Asian trade Tuesday, after an overnight hike, ahead of US crude inventory data and China s next step on monetary policies. U.S. crude for January delivery was seen trading at $88.35 a barrel at 12.00 noon Singapore time while Brent crude was at $91.04 a ...

Asia:Lanco Infratech, KVK energy among 37 winners of India solar power auction

India s government announced 37 winners of the country s first solar power plant auction, awarding the largest capacities of 100 megawatts each to Lanco Infratech Ltd., KVK Energy Ventures Pvt. Ltd., and Rajasthan Sun Technique Pvt. Ltd., a state-sun power trader overseeing the ...

Asia: Taiwan's Oct refinery utilization climbs to 66.45% from 59.49% in Sep

Total refinery utilization by Taiwan's state-owned CPC Corp. and private company Formosa Petrochemical Corp. increased to 66.45% in October, from 59.49% in September, figures published last week by Taiwan's Bureau of Energy showed. October's increase was a reversal from September...

Ameircas:US yet to take decision on Keystone XL pipeline

To avert apprehension among the environmentalist on the proposed $7 billion pipeline to carry Canadian oil to Gulf Coast refineries Secretary of State Hillary Rodham Clinton Indicates that no decision has been made so far on it. Clinton wrote her letter Thursday to Nebraska Sen. ...

Europe: EU ministers extend right to give coal state aid until end-2018

EU competitiveness ministers confirmed Friday an agreement with the European Commission to extend national governments' right to give aid to the coal mining industry until December 2018. Governments will be able "to continue to grant, under certain conditions, public aid to the ...

Interview: China is incredibly important to success of global consumer electronics industry: U.S. expert

By Xinhua writer Ren Haijun, Liu Lina China is incredibly important to the success of the global consumer electronics industry, Gary Shapiro, president and CEO of the Consumer Electronics Association (CEA) told Xinhua in an interview. "There is no doubt that China is a growing ...

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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