industry

HOUSTON, March 15 - Patriot Coal Corp (PCX.N) announced Monday it has reached agreement to sell steel-making coal into Asia, the latest indicator of a surge of high-grade U.S. coal to the Far East. The deal done through a third-party trading company, XCoal, involves 1.5 million ...
SINGAPORE, March 23 - Indonesian coal miner Bumi Resources (BUMI.JK) aims to boost coal output to 65 million tonnes in 2010, from around 60 million tonnes in 2009, a company executive said on Tuesday. "2010 production probably will be around 65 mln tonnes," Kenneth Farrell, a ...
HOUSTON, March 23 - Coal stockpiles at U.S. power plants rose 0.5 percent this week but fell 4.4 percent below the same week last year, Genscape said Tuesday. U.S. generators, which rely on coal to fuel about half of U.S. electricity production, had 56 days worth of coal on hand, ...
March 23 - Oil demand is picking up as global recovery strengthens, allowing OPEC to take no action on supply this year, the group's biggest producer Saudi Arabia said as the producers prepared to rubber stamp existing targets. "We have been sailing very well and we will continue ...
March 22 - The world may soon achieve something long dreamed of by governments and policymakers: higher economic growth without using more oil. Rising efficiency, conservation and substitution are steadily reducing the amount of oil needed to fuel an increase in the goods and ...
March 22 - Problems in the U.S. economy and a rush to boost output from new wells have caused an imbalance in the supply and demand for the fuel, the head of oil and gas company Devon Energy (DVN.N) said on Monday. Natural gas prices in the United States have tumbled by about one...
TRIPOLI, March 21 - Portuguese Prime Minister Jose Socrates arrived on Sunday night in the Libyan capital of Tripoli, the first leg of a North African tour that aims to boost energy ties with the country's major oil suppliers. Besides Libya, Socrates, who is accompanied by a high...
March 22 - The average price for a gallon of gasoline in the United States rose 8.62 cents to $2.81 in the past two weeks as retailers raised their margins, according to an industry analyst. It was the second consecutive two-week period with an increase in the price of regular...
March 22 - Australia's Arrow Energy Ltd (AOE.AX) agreed to a fresh takeover offer from Royal Dutch Shell (RDSa.L) and PetroChina (0857.HK), raised by six percent to A$3.4 billion ($3.1 billion) for most of its Australian assets. The new bid, which would give China its first stake ...
p> A new form of inhaled insulin appears to help people with diabetes who must use insulin, with fewer potential risks than an earlier form of inhaled insulin that is no longer on the market. The new drug, Afrezza, which is awaiting approval from the U.S. Food and Drug Administra...
p> PUWORLD(2010-03-17) Recently domestic propylene prices are rising; reasons behind the upturn are, first, the supply limitation from USA which is resulted by rising local demand; second is the supply shortage from Japan which was caused by the transportation problems there; ...
p> Pharmaceutical companies have reported better-than-expected profits in the past year due to China's medical system reform, but the drought in southwest China could make for a difficult year for herbal medicine companies. Hong Kong-listed Shandong Luoxin Pharmacy announced ...
p> At least four workers died and three others were injured after molten ore spewed from a furnace of a chemical plant in Gansu Province Tuesday, the local authority said Wednesday. Ore being smelted in a huge furnace of the privately-run Huize Chemical Co. Ltd. gushed out at 4...
p> A team of researchers in Australia, who think "vintage fraud" is widespread, have come up with a test that uses radioactive carbon isotopes left in the atmosphere by atomic bomb tests last century and a method used to date prehistoric objects to determine what year a wine ...
March 24 - Suncor Energy Inc (SU.TO), Canada's largest oil and gas company, said on Wednesday it sold a collection of Alberta natural gas properties for C$235 million ($230 million) as it winnows out surplus assets following its C$22.7 billion acquisition of Petro-Canada last ...
BEIJING, March 24 - China National Offshore Oil Corporation (CNOOC), China' s largest offshore oil producer, said Wednesday that it had signed a 20-year liquefied natural gas (LNG) supply deal with Britain's BG Group. Under the contract, CNOOC will buy 3.6 million tonnes of LNG ...
CHICAGO, March 24 - Gold futures on the COMEX Division of the New York Mercantile Exchange ended much lower on Wednesday, pressured by strong dollar and tumbling oil price. Sliver and platinum both dropped. The most active gold contract for April delivery dropped 14.9 U. S. ...
MOSCOW, March 24 - Russia and Qatar should coordinate their work on global gas and oil markets, Russian Prime Minister Vladimir Putin said on Wednesday. "It is important for us to coordinate our joint work on markets, " the RIA Novosti news agency quoted Putin as saying while ...
NEW YORK, March 23 - Oil prices managed to finish slightly higher on Tuesday as rising stock prices boosted investor sentiment. Crude prices below 81 U.S. dollars in the day as the U.S. dollar strengthened against other currencies but ended slightly higher as U.S. stocks ...
BEIJING, March 28 - Rescuers were searching for more than 120 coal miners trapped when a pit under construction in north China's Shanxi province flooded on Sunday, the official Xinhua news agency reported. About 123 people were trapped in the pit of the Wangjialing coal mine ...
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Bill Gates talks nuclear
Bill Gates talks nuclear
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