Hundreds of delegates from countries representing 90% of the global LNG trade returned to Tokyo this year to hash out the debate started years ago by the discovery of new North American and African gas supplies -- whether to move away from ...
Tags: Oil, Metallurgy, Mineral, Energy
September 2nd 2013, Beijing, China. The hot weather cannot defeat the Fuelwatch players' passion and spirits. After more than five-month intense competition, the 2013 Volvo Trucks Fuelwatch Competition China Final concluded today. 21 ...
Tags: Volvo Trucks, Transportation
The Thai government raised the reference price of biodiesel by Baht 1.22/liter from Friday to Baht 29.05/liter Monday, the fifth price change in a month, due to weaker local currency rates and higher methanol prices. A spokeswoman for the ...
Tags: Metallurgy, Mineral, Energy, methanol
European linear low density polyethylene C4 contract prices logged a Eur20/mt ($26.50/mt) gain on the week to touch a four-and-a-half month high of Eur1,450-1,455/mt FD Northwest Europe, buoyed by tight supplies and oil price spike, sources ...
Tags: LLDPE, Chemicals, polyethylene
Despite a new oil product pricing mechanism introduced by the central government in March, China's state refiners continued to suffer in the downstream in the second quarter because of poor domestic demand, their interim results showed. ...
Tags: oil product, gasoil demand
The UK's oil producers group Oil & Gas UK cut Wednesday its forecasts for oil and gas production this year amid signs that declining output from mature fields and outages in the North Sea continue to outpace the impact of new projects and ...
Tags: Oil, Gas, Metallurgy, Mineral, Energy
According to statistics, in the first half year, China's total social logistics value is 93.1 trillion yuan, up by 9.1%. The logistic added value is 1.8 trillion yuan, up by 7.4%. Seen from business types, bulk commodities have low ...
Tags: Logistic Cost, GDP
China's net oil imports are very likely to exceed those of the US by October this year on a monthly basis and by 2014 on an annual basis, making China the largest net oil importer in the world, the US Energy Information Administration (EIA) ...
Tags: Net Oil Importer, imported oil
The nova-Institute has recently published a paper on agricultural feedstock use in industrial applications shedding light on the controversial public debate surrounding the industrial use of food crops or so-called first generation ...
BASF increased sales by 3% in the second quarter of 2013 to just under €18.4 billion thanks to higher sales volumes in all segments. Income from operations (EBIT) before special items decreased by 5% to around €1.8 billion. In the ...
Tags: Construction, Decoration
OPEC would need to cut production sometime in the second half of 2013 or early 2014 to stave off "a large drop in prices," Kuwait's leading bank said in a report over the weekend. In its latest economic bulletin, released late Sunday, the ...
Tags: Crude Output, Kuwait Bank
The International Monetary Fund has lowered its oil price forecasts to $100.09/barrel in 2013 and $95.36/b in 2014. In April, the IMF forecast that oil prices would average $102.60/b this year and fall back to $97.58/b in 2014. However, ...
In the Eurozone, activity contracted by 0.3% in Q1 2013, falling for the sixth consecutive quarter. However, GDP growth is expected to turn slightly positive in Q2 2013 (+0.1%), with a mild acceleration over the following quarters (+0.2% in ...
Tags: economy, Labor market
Indonesia is determined to get a market price for LNG exported from the Tangguh project to China's CNOOC, a senior official with upstream regulator SKK Migas said Monday. "The new price cannot be below the market price. It has to be ...
Tags: Tangguh LNG
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