industry

Nigeria's main militant group has intensified attacks on oil installations in the southern Niger Delta and threatened Monday to bring the industry to its knees. In an e-mailed statement, the Movement for the Emancipation of the Niger Delta (MEND) denied claims by the military and ...
The European Union's chemical sector increased its trade surplus with the US in the first six month of this year by almost 10% from the previous year, although trans-Atlantic chemical exports grew less than exports from the whole manufacturing sector, data from statistics agency ...
Iran's orthoxylene exports into South Korea were completely halted for two consecutive months after South Korea announced new sanctions against 102 Iranian entities including Iran's Petrochemical Commercial Company, or PCC, data released this week by Korea Customs Service showed. ...
The Indorama deal to buy Invista's US and Mexican PET plants for $420 million was called an "opportunity for growth," a company source said Monday. "These chances don't come around all the time and when assets come up for sale it's an opportunity to grow," the source said, noting ...
p>Despite the choppy nature of production data coming from the US government and producers, natural gas supplies will be 3 Bcf/d higher in 2011 and without extreme weather gas prices are "heading for another train wreck in 2011," investment bank Raymond James said Monday. Raymond ...
The European MTBE factor continued to slip Monday, driven by lackluster demand and seller pressure despite continued tight supplies and a firm Asian market. The MTBE factor was assessed at 1.112, down versus Friday's level of 1.1160. This was equivalent to a fixed price of $856...
Chinese steel producers Tuesday reported higher spot offers by Australian producers, just a week before contract talks for the next quarter are due to begin. Platts reference prices were kept in check somewhat by end-user resistance to these offers and comparatively low cargo ...
Over-the-counter eastern coal prices pushed higher on Monday, recovering losses posted Friday as natural gas futures managed to squeeze out marginal gains. Western coal prices on the other hand traded slightly lower or flat across the forward curve. Turnover in NYMEX look-alike ...
The response of local Vietnamese and international investors to this week's stock offering by state-owned PetroVietnam subsidiary PV Gas is turning out to be less than enthusiastic, a senior consultant at a local securities company told Platts Tuesday. Only about two-thirds of ...
p>The total cost of the planned South Stream gas pipeline from Russia to Europe across the Black Sea is likely to be more than Eur10 billion ($13.6 billion), project head Marcel Kramer said Tuesday. "Let me repeat, total cost on- and offshore will no doubt exceed Eur10 billion," ...
The expected commercial startup of a new fluid catalytic cracker at Indian state-owned refiner Hindustan Petroleum Corp. Ltd.'s Mumbai refinery has been deferred by one month to January 2011, an industry source said Tuesday. Works on the new 1.4 million mt/year FCC at HPCL's 6.3 ...
p>Russia is set to raise the export duty on its main oil export blend, Urals, and other blends -- except those enjoying a more favorable tax regime such as ESPO -- to $303.80/mt or $41.61/barrel, from December 1, up 4.5% from November's $290.60/mt, reflecting an increase in the ...
South China was the second largest gasoil producer for the second consecutive month in October, producing 2.3-mil mt, sharply up 29.86% from a year earlier, showed data released by the National Bureau of Statistics. The region saw crude throughput surge after PetroChina brought ...
Independent refineries in Shandong Province and North China have trimmed gasoil prices modestly this week, due to expectation of larger supply from oil majors and recent drops in international crude benchmarks. Shandong independent refineries' ex-refinery price of minus-ten-pour...
Some reports said that Shandong Jinling Chemical Co., Ltd. planned to construct a new PO project with total investment of Rmb 352.64 million. Some relevant people from the company confirmed that the new PO project was in the process of environment impact assessment (EIA) while ...
Natural gas is a broken global market. For oil, there's enough import-export capacity worldwide that global prices tend to align closely. In natural gas, global markets are fragmented, leading to disparate pricing in different regions. Oil and Gas markets One of the implications ...
Iran believes the current market value for crude oil is based largely on a declining value of the U.S. dollar, Iran's governor to OPEC said. The 12 members of the Organization of the Petroleum Exporting Countries decided to leave production levels unchanged during their October ...
More than 2 million cubic feet of gas per day flowed from an exploratory well drilled in Algeria, Russian Energy Company Gazprom announced. Gazprom along with its Algerian partners at Sonatrach, the largest oil and gas company in Africa, announced they recovered 2.1 million cubic ...
Energy starved Pakistan continued its dismal performance as far as oil and gas exploration is concerned, reports suggest. According to Pakistan Petroleum Limited, country s exploration and development activity remained subdued by the recent floods and prevailing circular debt ...
Hydrogen-powered-fuel-cell cars will play a key role in reducing the emissions of road transport in future, according to a European study. The study points out that fuel cell electric cars, battery electric vehicles and plug-in hybrids need to reach a considerable market ...
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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 ...