AUSTRALIAN shares are one per cent higher as the military overthrow of Egyptian president Mohamed Morsi boosts the price of crude oil and shares in energy companies. The strong gains continue the volatility on the market, with shares ...
Tags: Market Rises, economy, stock
The state-owned Japan Oil, Gas and Metals National Corporation hasdecided this week to provide guarantees of up to 75% of bank loans to new LNGprojects that are deemed to help reduce Japan's import costs for the fuel, aJogmec official said ...
Tags: Metallurgy, Mineral, Energy
Global oil prices are unlikely to drop below $100/b until 2025, supported by OPEC's market management efforts and crude demand growth in Asia, Leonid Fedun, vice president of Lukoil said Tuesday, presenting key findings of the company's ...
Tags: Oil Prices, OPEC's market
Gasoline prices in Western Canada and the US Midwest have jumped due to supply issues surrounding the turnaround of Suncor's 135,000 b/d Edmonton, Alberta, refinery, industry sources said Thursday. "Suncor's move to secure gasoline and ...
Tags: Retail Gasoline, Chemicals
Alberta-based Bri-Chem Corp. said Thursday that during Q1 2013, net earnings were $1.8 million compared to net earnings of $2.9 million for 2012, a decrease of 36.6 percent. Bri-Chem is wholesale distributor and manufacturer of oil and gas ...
Tags: Pipe Market, steel pipe
Oil futures closed US trading above Friday's settles Monday, after driving higher shortly ahead of the 2:30 p.m. EDT (1830 GMT) NYMEX market settle on geopolitical concerns arising out of the escalating conflict in Syria. NYMEX June crude ...
Tags: Oil Futures, Chemicals
Polyolefins prices increased in line with the crude oil prices. But trading slowed down across the global markets despitethe economic stimulus measures. Many buyers and converters bought only enough for production. However, supply in 2012 ...
Only a change in the price formation mechanism will reflect the current supply-demand situation for LNG in Asia, not just a bid to reduce the price level, Jonathan Stern, professor at the Oxford Institute for Energy Studies, said at a ...
Tags: price formation mechanism, LNG, Asia
Speaking at the SteelOrbis Spring 2013 Conference & 68th IREPAS Meeting taking place on March 3-5 in Doha, Adel Al-Mughram, senior marketing manager at Saudi Arabian company SABIC, underlined that oil is critical of Saudi Arabia and crude ...
The Australian sharemarket rose to a fresh four-and-a-half year high today as positive domestic earnings reports and further signs of improvement in the global economy encouraged investors to continue moving money from cash and bonds to ...
Tags: Australian sharemarket, earnings, equities
Unipetrol recorded 10% increase of revenues at CZK 107bn in 2012. EBIT excluding one-off impairment reached positive result of CZK 372m in 2012. The volume of crude oil processed 3927 kt in 2012 similar to volume of 2011. EBIT negatively ...
Tags: Petrochemical, 2012 Sales, Unipetrol
In a recent report,US based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years,as this factor is among the most important ones when it comes to ship owning operating costs. ...
Tags: average bunker prices, Arts, Crafts, Mcquilling Services
The sharemarket closed higher for a second day yesterday, buoyed by a last-minute budget deal in the US that drove global equities and commodity prices sharply higher on Wednesday night. The benchmark S&P/ASX 200 finished up 0.7 per cent ...
Tags: sharemarket, US, global equities, commodity prices
While analysts are generally in consensus in forecasting Brent crude to average around $110/b in 2013, the surge in North American production and question marks on the timing of new infrastructure has made for a highly divergent set of ...
Tags: Brent crude, crude oil prices, crude oil market, Brent
New mega projects will boost the UAE's investment in the petrochemicals industry to nearly USD 12 billion by 2015 to maintain its position as a major global producer of the gas based substance. According to official data, the investments ...
Tags: Chemical Investment, petrochemicals industry, gas based substance