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Russia's Gazprom predicts $250 oil by 2009: DEAUVILLE - Russia's Gazprom, the supplier of a quarter of Europe's natural gas, expects the price of crude oil to almost double as the decade draws to a close, taking gas prices with it. "We think it will reach $250/bbl in the foreseeable future," Chief Executive Alexei Miller ...

Russia to increase oil output after tax cuts-Putin: PARIS - Russia, the world's second-largest oil exporter, will raise its oil output in the next few years as new tax cuts will allow oil firms to invest more in exploration and production, Prime Minister Vladimir Putin said. Russia imposed heavy taxes on the oil industry, stashing ...

EnCana to split in two with oil at record highs: CALGARY - EnCana Corp, Canada's biggest energy company, said on Sunday it plans to split into two separate oil and natural gas firms in an effort to wring out more value with crude prices at record highs. EnCana, a $65 billion gas and oil sands producer formed in a merger six ...

OPEC oil prices keep rising: VIENNA -- Although the Organization of the Petroleum Exporting Countries (OPEC) said time and again that the international oil market was well-supplied, oil prices have surged dramatically this month. OPEC daily prices rose again by 0.9 U.S. dollar Thursday and set a new record ...

Putin pledges tax breaks to revive Russian oil growth: UST LUGA, Russia - Prime Minister Vladimir Putin said on Wednesday Russia would grant tax breaks to new oil provinces to revive output growth at the world's No.2 oil exporter and add over a tenth to current output levels by 2015. The Russian stock market .IRTS, dominated heavily ...

Oil could hit $200 before demand gets hit: LONDON - The price of oil could rise to $200 a barrel in the next two years before it starts to seriously hit demand, fund manager Tim Guinness said on Tuesday. "I am increasingly comfortable with the analysis which says the oil price is going to have to go to $200 before demand ...

Oil: knows of no reason for share price surge: SYDNEY - Australian oil producer AED Ltd (AED.AX: Quote, Profile, Research), a takeover target of China's Sinopec Group, said on Thursday it was not aware of any reason for a surge in its share price in the past two days. It made the comments in response to a query by the ...

Shell, BP profits jump on record oil price: LONDON - Oil giants Royal Dutch Shell beat forecasts to post big rises in first quarter profits on Tuesday, lifting shares across the sector, as investors bet oil prices above $100/barrel would be an even bigger bonanza than expected. Shell, the world's No. 2 non government...

Oil surges nearly $4 on U.S. fuel inventory draw: p>NEW YORK- Oil surged almost $4 on Wednesday to near $105 a barrel after a U.S. government report showed a steep draw in U.S. refined fuel inventories as the giant consumer gears up for the summer driving season. The gains snapped three days of losses as Iraq began to repair an ...

Crude closes above $105 for first time: NEW YORK, March 6 (Xinhua) -- Crude-oil futures surged for a second day Thursday and closed above 105 dollars a barrel for the first time, after hitting a record high of 105.97 dollars earlier in the session. The gains followed a 5-dollar jump on Wednesday, after declining U.S. ...

Oil prices spike to all time high as dollar and stock market plunge: Oil prices have spiked to an all time high- spiking past US$111 per barrel in Asia. Light, sweet crude for April delivery rose to a record US$111.42 a barrel, but later slipped to US$111.10. This hike continues to be prompted increasing investments in commodities as the US dollar ...

Shaw Stone & Webster maximizes value for refineries: SHAW STONE & Webster took a strategic decision 15 years ago to focus on getting more value out of the refinery stream. The US-based engineering and construction company felt there was value for refiners in the bottom of the barrel that could open up access to the olefin and ...

Oil falls 3 percent as stock markets slide: NEW YORK (Reuters) - Oil tumbled more than 3 percent on Tuesday as a global stock market slide prompted profit-taking ahead of OPEC's meeting in Vienna and dragged prices further from a record near $104 a barrel. U.S. light crude for April delivery fell $3.17 to $99.28 a barrel ...

CNOOC reports pretax profit of 56.5 bln yuan in 2007, up 17.5%: BEIJING, Feb. 2 (Xinhua) -- China National Offshore Oil Corp. (CNOOC), the country's No. 3 oil producer, said on Saturday that pretax profit jumped 17.5 percent year-on-year to 56.5 billion yuan (7.9 billion U.S. dollars) in 2007. Revenue rose 32.5 percent to 160 billion yuan, ...

OPEC chief: Current oil prices not reflection of market fundamentals: NICOSIA, Jan. 16 (Xinhua) -- Current oil prices are not a reflection of market fundamentals but a result of speculation and other factors, chief of the Organization of the Petroleum Exporting Countries (OPEC) said here Wednesday. Oil prices have been disconnected from market ...

Crude prices fall on unexpected inventories jump: NEW YORK, Jan. 16 (Xinhua) -- Crude futures fell Wednesday after the U.S. government said oil stocks jumped unexpectedly last week. In its weekly inventory report, the Energy Department's Energy Information Administration said crude oil stockpiles rose by 4.3 million barrels last ...

OPEC weekly oil price drops for second consecutive week: VIENNA, Jan. 21 (Xinhua) -- The weekly average oil price of the Organization of Petroleum Exporting Countries (OPEC) dropped to 87.18 U.S. dollars per barrel last week, sharply down by 3.65 dollars from the previous week, the Vienna-based cartel said Monday. OPEC's daily average ...

Gas pipeline gets 16 bln yuan boost: BEIJING, Dec. 29 -- PetroChina Co Ltd, the listed arm of China National Petroleum Corp (CNPC), and another CNPC subsidiary will invest a combined 16 billion yuan to build a gas pipeline from China to Turkmenistan. "PetroChina and China National Oil and Gas Exploration and ...

Crude prices rise due to tight heating oil stocks: NEW YORK, Nov. 23 (Xinhua) -- Crude prices rose Friday on concerns about tight heating oil stocks. Light, sweet crude for January delivery rose 89 U.S. cents to settle at 98.18 dollars a barrel on the New York Mercantile Exchange. In London, January Brent crude rose 1.26 dollars ...

The Linde Group sells Pharmaceutical Systems business of BOC Edwards to Italian company IMA: 27 Nov 2007 - The Linde Groupannounced that it has sold the BOC Edwards Pharmaceutical Systems business to the Italian company IMA (Industria Macchine Automatiche) at an enterprise value of EUR 36 million. The contract was signed and will come into effect on the fulfilment of the ...

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China slams Japan's NHK governor's denial of Nanjing massacre: BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

Bill Gates talks nuclear: Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...

China's reform leading group holds first meeting: BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...

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Reforms to fuel Shanghai's growth in 2014: BEIJING, Jan. 27 (Xinhuanet) -- Shanghai's financial sector grew 13.7 ...

Economist sees world economy strengthening in 2014: NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...

Xinhua Feature: World's political, business leaders gather in Davos for WEF: DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of ...

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Chinese leader calls for more marine power: Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

Court rejects Apple lawsuit over iPad name: Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...

Super car club in commercial drive: On the night of Nov 11, more than 150 super cars were driven into the ...

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Fourteen countries expected to compete in Cuba's wrestling tourney: Some 14 countries and regions are expected to compete in the 45th ...

Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

Stars 'Big Three' fall short of title in 1st year: Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...

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