industry

Minor refineries in South China's Guangdong Province ran at 17% on average Thursday, up 4 percentage points from one week ago, down 5 percentage points from a year earlier,a survey found. Foshan Huahong Refinery resumed operation in the past week, with feedstock throughput at ...
Thermal coal stockpiles at some 349 Chinese power plants have fallen to dangerously low levels and the Ministry of Railway has pledged to increase rail shipments to power plants to ensure adequate electricity supply during winter, the official Xinhua news agency reported late ...
China's inventories of gasoline, gasoil and kerosene amounted to 13.98-mil mt at the end of October, down 5.16% from a month ago, according to the data released by the China National Petroleum Corporation. Gasoil stockpiles declined 10.7% to 6.25-mil mt, kerosene inventory ...
West African nation Sierra Leone confirmed finding oil in its Mercury-1 exploration well off the coast by Anadarko Petroleum Corporation. In an official statement Sierra Leone government said it is looking forward to the continued exploration, which is geared towards future ...
China's commercial crude inventories dropped 3.4% on month to 28.16-mil mt at the end of October, according to the data from China National Petroleum Corporation. The stockpiles fell for two consecutive months. China lifted crude output by 3.7% on month to 17.76-mil mt in October...
India has set a coal production target of 460.50 MT for 2010-11 and has so far produced 253.26 MT compared to 245.89 MT in the preceding month.In review meeting of coal production targets here, Sriprakash Jaiswal, India Coal Minister directed officials to chalk out action plans ...
The world is in desperate need of the oil and gas reserves that lie under the sea floor in the Gulf of Mexico and other oceans, a BP executive said in London. Iain Conn, the top refining and marketing executive at BP, spoke at Imperial College in London on developments in the ...
Sofia wants a partial revocation of European laws to reserve the bulk of the South Stream gas pipeline capacity for shareholders, an energy minister said. Russian natural gas monopoly Gazprom and Bulgarian Energy Holding agreed to form a joint venture by the end of November for ...
Gold and oil prices fell for the weekend close in New York mainly on concerns over economic slowdown as China prepared to fight its soaring inflation. Light sweet crude for delivery in December, dropped 34 cents to close at $81.51 per barrel while Gold futures for December ...
Saudi Aramco's decision not to cut the volume of term butane exports for December will help narrow the price spread between butane and propane, trade sources said Friday. The move to maintain the export volumes for December comes after three consecutive cuts -- 20% for September, ...
Even though demand in the Mexican domestic market was not heated, Pemex raised polyethylene offers by 4% to 4.5% today, a company source said. "The movement was only done in order to keep up with the rising raw material in the US," the source said. "Demand is not so heated now, ...
Sinopec and PetroChina have recently both imported the first batch of gasoil totaling 115,000mt by the name of general trade, a survey found. Sinopec sent a combined 80,000mt of imported gasoil to Ningbo City in East China and Zhanjiang City in South China in the past few days, ...
Anglo American has decided to seek buyers for its Callide thermal coal mine in Central Queensland, Australia, in order to focus on developing metallurgical and high margin export thermal businesses, the company said in a statement Monday. The Callide mine mainly supplies domestic ...
Shandong Lijin Petrochemical put a 300,000-mt/yr gasoline hydrogenation unit into trial production Monday, expected to start official run in 3-5 days, a refinery source told . The unit was retrofitted from an aged hydrogenation unit, which was idled for a long time, according to ...
US Secretary of State Hillary Clinton met with her European Union counterpart, High Representative Catherine Ashton, in Lisbon Friday to discuss alternative ways to supply the EU with natural gas. The EU is beholden to Russia for a significant chunk of its gas supply, and has ...
PetroChina Fushun Petrochemical is scheduled to process 630,000mt of crude oil in December, with daily throughput nearly flat with the previous month, a refinery source told . The refinery would wrap up maintenance of a 1.5-mil-mt/yr residue fluid catalytic cracker this week, the ...
New groundwater monitoring bores have shown no detectable levels of benzene or toluene at Cougar Energy's underground coal gasification pilot project at Kingaroy in the eastern Australian state of Queensland, the company said Monday. Analysis of samples from the bores close to ...
Statoil, the biggest operator on the Norwegian continental shelf, said on Monday that it was still not drilling at its Gullfaks field in the North Sea, as the company continued to review safety procedures after a recent serious incident there. Statoil communications head Jannik ...
A decision this week by California regulators to lower corn-based ethanol's so-called indirect land use penalty is good for that product's demand, but timing of the change is not, the Renewable Fuels Association said Friday. California is in the midst of refining its Low Carbon ...
Japan's Ministry of Economy, Trade and Industry has made it a legal requirement for local refiners to consume a total of 500,000 kiloliters/year (3.14 million barrels/year or 8,616 b/d) crude equivalent of ethanol-based biofuels in the fiscal year which ends in March 2018, ...
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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
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...
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 ...
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 ...
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 ...