industry

China on Friday reiterated its stand on wind power subsidies by saying it was in line with WTO rules. According to China's Ministry of Commerce, country's measures to develop wind energy will help to save energy, reduce emissions and protect the environment. The United States on ...
The National Development & Reform Commission, China's energy watchdog, announced on Dec 21 to raise retail ceiling prices Yuan 310/mt for gasoline and Yuan 300/mt for gasoil effective from Dec 22. Ex-refinery price of jet kerosene is lifted Yuan 300/mt to Yuan 5,990/mt at the ...
Williams said Tuesday that it has completed its previously announced purchase of a large stake in North Dakota's Bakken oil play from private owners for $925 million in cash. In the deal, Williams bought 100% of interests in a company called Dakota-3 E&P, giving it about 85,800 ...
Northwest European polyethylene terephthalate producers and converters say they have settled their December contract prices with a rise of between Eur70/mt ($92/mt) and Eur86/mt -- just above full pass-through costs of Eur83/mt. Significant increases in the December contract ...
US crude stocks fell 5.796 million barrels to 342 million barrels for the week ending December 17, despite a drop in crude runs and a rise in import figures, according to data released late Tuesday by the American Petroleum Institute. Still, US crude stocks were 13.26 million ...
Indian state-owned power utility NTPC Ltd is in talks with the Qatari government for LNG supplies and investment by Qatar in the company's gas-generated power projects, company sources said Wednesday. Industry sources confirmed that the company has been in talks with Qatar about ...
A decision by China to raise domestic refined oil product prices by 4% from Wednesday surprised industry sources who had expected the government to delay it to early next year due to concerns over rising inflation. The government is signaling that it intends to contain runaway ...
Operation rates of independent refineries in Shandong Province averaged 41.5% Thursday, slightly up 0.1 percentage points from one week ago, up 9.5 percentage points compared with a year earlier, C1's survey showed. The refineries with straight-run fuel oil as feedstock saw ...
Major Chinese refineries' refining margins for both domestic Daqing crude and Oman crude, a representative of imported crude, increased in late December, due to higher product prices, C1 found. On the basis of oil product wholesale prices on Dec 22, the theoretical margins for ...
PetroChina is expected to complete construction of a 10-mil-mt/yr oil refining project in Southwest China's Sichuan Province at the end of 2011 and bring it on stream in March 2012, according to a source close to the project. The refinery would mainly refine both foreign and ...
Commercial fuel oil inventories of major oil terminals in South China hit historic-high 1.74-1.76-mil mt up till Dec 22, up 60,000mt from one week ago, sharply up 320,000mt compared with one year earlier, C1's survey showed. The volume accounted for 69% of the total storage ...
Sinopec lifted ex-refinery prices of oil products by Yuan 300-310/mt Wednesday, in tandem with the government's hikes in benchmark prices, according to sources with subsidiary refineries of the oil major. After the increases, ex-refinery prices of gasoline, gasoil and jet reaches ...
PetroChina brought on stream a 1-mil-cu-m commercial crude storage in Nangang Industrial Zone in North China's Tianjin city on Dec 22, according to an official with the local government. The storage comprises ten 100,000-cu-m tanks with PetroChina Dagang Petrochemical as operator...
China exported 321,800mt of gasoline in November, down 14.17% from the previous month, according to data released by the General Administration of Customs. The decline could be mainly attributable to weak demand during traditional slack season and sufficient gasoline supply in ...
China imported 330,700mt of naphtha in November, up 52% from one month ago, up 10% from the corresponding period last year, showed data from the General Administration of Customs. Market sources ascribed the on-month rise to supply shortage in the domestic market as many major ...
Calstart, an organization working to grow the clean transportation technology, announced that it has won $10 Million grant from the Federal Transit Administration (FTA) to Develop, lower cost and more durable zero emission fuel cell buses. This Will Help Reduce Cost and Improve ...
Reliance Infrastructure Limited has entered into an agreement with OSRAM, leading lamp manufacturers in the country to launch energy efficient T5 tube light fittings with high efficiency electronic ballast that consume 40% less electricity. Currently most customers use legacy ...
Oil prices would elevate in 2011 unless OPEC changes its outlook, warns London's Center for Global Energy Studies in its Monthly Oil Report. Absence of creative intervention by the Organization of Petroleum Exporting Countries to maintain a balance between oil price and ...
With crude reaching back-to-back 26-month highs, ultra-cold weather stoking demand and depleting U.S. stockpiles at the fastest pace in 12 years, traders are now looking for the Organization of the Petroleum Exporting Countries to signal when it might begin pumping more crude. ...
PRAGUE-A newly revised European directive provides opportunities to strengthen chemical plant safety rules, Europe's largest federation of environmental organisations said on Wednesday. The European Environmental Bureau (EEB) supported the Seveso II Directive revision as part of ...
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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
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IMF chief warns of risks to recovery
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DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
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Chinese investors look to overseas opportunities
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SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...
Retailer's Net Profit Falls 3%
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A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
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Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
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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 ...