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Lanxess delays Singapore plant ahead of tough 2009

FRANKFURT, Dec 19 - German chemicals group Lanxess (LXSG.DE) will delay construction of a butyl rubber plant in Singapore and put off other investments to conserve cash for what it expects to be a difficult 2009, it said on Friday. The Singapore plant will now come on line only ...

RPT-GLOBAL MARKETS-Asian shares extend gains; oil below $40

HONG KONG, Dec 30 - Asian shares advanced for a second consecutive session on Tuesday, led again by resource firms that could benefit from a sharp rebound in oil prices as Israel continued its attacks on Islamic group Hamas. Oil and gold gave up some of their recent gains, though ...

Oil falls below $40 as Middle East concerns ease

SINGAPORE - Oil fell below $40 on Tuesday as demand concerns overshadowed Middle East crude supply fears amid the Israeli-Hamas conflict, with prices on track to end the year down 60 percent, their biggest annual loss on record. Crude jumped as much as 12 percent on Monday after ...

Nikkei up but logs biggest annual drop ever in 2008

TOKYO - Japan's Nikkei stock average fell 42 percent in 2008, the biggest loss in its 58-year history, though the benchmark gained 1.3 percent on its final half-day of trade. Canon Inc (7751.T) and other exporters gained as the dollar rose slightly against the yen before falling ...

Crude Oil Futures Prices - NYMEX

Friday, December 26, 2008: NYMEX West Texas Intermediate Crude Oil for February delivery closed up $2.36 at $37.71 per barrel. Crude oil began futures trading on the NYMEX in 1983 and is the most heavily traded commodity. Trading unit: Crude Oil Futures trade in units of 1,000 U...

Oil jumps, but Israel-Hamas little cause for alarm

SINGAPORE - A 6 percent jump in oil prices on Monday after one of the worst days of Israeli-Palestinian violence in decades underscored the market's sensitivity to conflict in a region that produces a third of global crude, but traders saw little to suggest any real impact on ...

China to boost oil stockpiling amid price slump

BEIJING - China will take advantage of falling oil prices to boost imports and build up its fledgling oil reserves against supply shocks, a top official said in a rare disclosure of energy strategies in the wake of the global economic turmoil. Zhang Guobao, head of the National ...

Oil, gold surge as violence in Gaza continues

HONG KONG - Oil and gold prices surged on Monday following a flare up violence in the Middle East, while an ensuing rally in resources-related stocks helped Asian shares gain as what will certainly remain their worst year on record heads to a close. The South Korean won struck a ...

India's fuel pumps run dry as strike enters 3rd day

NEW DELHI, Jan 9 - Long queues at petrol pumps jammed rush-hour traffic in major Indian cities and taxis stopped running as a strike by state-run oil employees demanding higher pay began to bite on Friday. The shutdown entered its third day after talks failed late on Thursday ...

Oil jumps over 5 pct on Israel-Hamas violence

SINGAPORE - Oil prices rose as much as 5.6 percent to nearly $40 a barrel on Monday after weekend violence between Israel and Hamas, reminding traders of the geopolitical risk to crude supplies from the Middle East. Oil gained for a second day after Friday's surge on the back of ...

Obama's green energy plans build hopes, skepticism

WASHINGTON, Jan 8 - Proponents of alternative energy and energy efficiency were elated on Thursday by President-elect Barack Obama's economic stimulus speech, but some analysts warned his energy agenda could hit turbulence in Congress or from the slow economy. Obama asked ...

China sees imports at 60 pct of oil use by 2020

BEIJING, Jan 8 - China will become increasingly reliant on imports for its growing oil demand as domestic production sees no big breakthrough in the years ahead, a report by the Ministry of Land and Resources said. The prospect may fan expectation that the world's second largest ...

Japan's Cosmo Oil to start ETBE ouptut from 2011

TOKYO, Jan 9 - Japan's Cosmo Oil Co (5007.T) will convert an existing facility at its Sakai refinery to produce ethanol-based gasoline additive ethyl tertiary butyl ether (ETBE) from 2011, it said on Friday. Japan's oil industry prefers ETBE, made from ethanol and isobutylene, ...

Gas stations dry, flights delayed by oil strike

NEW DELHI, Jan 8 - Petrol stations ran dry and flights were delayed at India's busiest airport as a strike by state oil company officials demanding better pay entered a second day. Supplies were squeezed and oil companies said they were sacking striking workers, including the ...

India oil strike talks break down - IOC

NEW DELHI, Jan 9 - Talks to end an oil workers strike that has triggered fuel shortages across India ended without an agreement early Friday, the head of the country's largest state-run refiner and marketer said. "Some discussion took place, but we could not reach any conclusion,...

Kiev shivers after main utility swaps to fuel oil

KIEV - The main electricity and heat supplier in the Ukrainian capital said on Thursday it had started using oil to compensate for falling gas supplies, and residents reported a drop in temperature in their apartments. It was not immediately clear whether gas deliveries fell ...

Oil rebounds above $42 on Saudi cuts

SINGAPORE - Oil rebounded above $42 on Friday amid signs Saudi Arabia would deepen supply cuts next month, after sinking 2 percent overnight on signs of worsening demand from the United States, the world's top energy consumer. U.S. crude for February delivery rose 85 cents to $42...

Oil drops nearly $1 on economic gloom

NEW YORK - Oil prices fell 2.2 percent on Thursday as deepening economic gloom and soaring crude inventories in the United States eclipsed geopolitical tensions that have put world supplies at risk. The decline followed Wednesday's 12 percent drop, which marked the biggest daily ...

OPEC could cut output in March if prices fall: Iran

TEHRAN - OPEC could decide to reduce oil output again at its meeting in March if crude prices fall further, Iran's representative to the Organization of the Petroleum Exporting Countries was quoted as saying on Sunday. OPEC agreed last month to cut production by a record 2.2 ...

China oil imports recover on stockpiling

BEIJING - China's crude oil imports in December recovered from the year's lowest in November, as oil firms, as well as the state, rushed to build up stocks following the crash in oil prices. The increase came despite ample fuel supplies and sluggish demand at the pump as the ...
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China offers inspirations to global dilemmas
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IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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Gaming Firms Find Going Tough
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Boeing Wins Biggest Order of US$26b
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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
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