NYMEX May crude settled $1.84 lower at $99.74/barrel Tuesday on expectations of another build in US crude stockpiles and bearish data from China and Europe. ICE May Brent settled $2.14 lower at $105.62/b. The Brent-WTI spread settled at a ...
Tags: Oil Futures, crude, NYMEX
Once this year's harsh weather has faded, the U.S. economy could be poised for a breakout year — its strongest annual growth in nearly a decade. The combination of an improving job market, pent-up consumer demand, less drag from ...
Tags: Economy
In a move that did not entirely come as a surprise, India's Election Commission earlier this week asked the incumbent government to defer a hike in the wellhead price of natural gas that was due to be implemented on April 1. But analysts ...
Tags: Natural Gas, gas pricing, OIL's production
Scientists and regulators investigating the mysterious spread of a deadly virus plaguing the U.S. pork industry are stepping up their scrutiny of what the nation's hog herd eats. With a dearth of solid leads, investigators are exploring ...
Tags: Agriculture, Food
The U.S. economy grew at a 2.6 percent annual rate in the October-December quarter, slightly more than previously estimated, as consumer spending rose at the fastest pace in three years. The fourth-quarter growth rate was a bit stronger ...
Tags: U.S.economy, BMO Capital Markets
BlackBerry continued to struggle during the company’s fiscal fourth quarter, experiencing a huge drop in revenue and a $423 million net loss. Revenue for the fourth quarter of BlackBerry’s fiscal 2014, which ended March 1, was ...
Tags: Blackberry, smartphones
Kazakhstan's natural monopoly regulator AREM has approved raising the crude oil export shipment tariff for national oil pipeline operator KazTransOil by 20% from the current level to Tenge 5,817.20 ($31.57)/mt per 1,000 km from April 1. ...
Tags: Crude Oil, Tariff, natural monopoly
The World Trade Organization has ruled in favour of the US, Europe and Japan in a dispute with China over its export restrictions on rare earth. China's rare earth industry – responsible for almost 90% of global output – ...
Tags: Rare Earth, rare earth export
US Gulf Coast crude stocks climbed to their highest level on record in the week that ended Friday, hitting 200.3 million barrels, as growing pipeline capacity from Cushing, Oklahoma, sends barrels surging south, according to data released ...
Tags: Crude Stocks, pipeline capacity, refinery
State-owned China Petroleum and Chemical Corp, or Sinopec Corp, posted modest gains in its 2013 upstream and downstream oil and gas production and has pledged to reduce its capital expenditure this year. In its annual financial results ...
Tags: Sinopec, Oil, Gas Output, Chemicals
Argentinian polymer and synthetic rubber output rose 3.4% in February compared with the year-earlier period, the state statistics office Indec said Friday. Production of these petrochemicals fell 2% in February compared with January, ...
Nike Inc. reported earnings rose 3.5 percent in the third quarter, to $685 million, or 76 cents a share. Revenues advanced 12.7 percent to $6.97 billion. Both earnings and revenues surpassed Wall Street targets. Nike Brand revenues grew ...
Tags: Nike, Sporting Goods, Apparel, Accessories
Not content with selling gas domestically, some of China's private gas distribution companies are becoming increasingly ambitious and are planning to enter the LNG import business, competing directly with state-owned LNG buyers such as ...
Tags: Gas, LNG Imports, Natural Gas
ABB, a leading power and automation technology group, has been named by Fortune magazine as the most admired company in its sector. The company moved up from sixth place in last year’s survey in the Industrial Machinery category. ...
The Global Industrial Coatings market has also been witnessing increasing demand for water-based industrial coatings. However, the rising cost of raw materials could pose a challenge to the growth of this market.TechNavio's analysts ...
Tags: Coating, Construction, Decoration