An average 2014 oil price of $81/b for Saudi export crude, or about $85/b for Brent, is likely to be needed for Saudi Arabia to balance state revenues with government spending in the coming year as oil production declines to 9.3 million ...
Tags: Balance Budget, Oil Output
China is already the world's largest country for gold trade, an executive at the Shanghai Gold Exchange said on Wednesday. The increase in trade volume in China's gold market slowed in 2012, after over 10 years of growth, some experts ...
Tags: Gold Market, Precious Metal
Exploration well 31/3-4 on the Mantra prospect offshore Norway has encountered reservoir quality sands but all intervals were water wet. Det norske is partner in the 551 license with a 20 percent interest. The 31/3-4 wildcat was the first ...
Esrey Energy Ltd. ("Esrey" or the "Company") (TSX VENTURE:EEL) announces the Company has entered into a binding agreement to add to its holdings in Poland's Baltic Basin through the acquisition of additional interest in Saponis Investments ...
Gazprom has started producing oil from the Prirazlomnoye field. It is the first Russian project for developing the Arctic shelf and the commencement of Gazprom's large-scale activities aimed at creating a large hydrocarbon production center ...
Deep Down, Inc. (OTCQX: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services announced today it has received two orders for flying leads, ...
Reportedly, rebar price has been risen by US$10~US$15/ton on Christmas eve in the gulf region by the domestic mills as a result of growing construction activities during this time when weather is fair in the Middle East. Furthermore, ...
Tags: rebar, metallurgy
According to data released by the National Bureau Statistics, China’s output of seamless steel pipes totaled 2.68 million tons in November, rising by 3% year on year. Meanwhile, the daily output of seamless steel pipes averaged at ...
Tags: steel pipe, metallurgy
According to the Turkish Steel Pipe Manufacturers Association (CEBID), the country’s exports of steel pipes totaled 144,538 tons in November, decreasing by 28.68% year on year and falling by 7.57% from a month ago. The export ...
Tags: steel pipe, metallurgy
According to statistics, Taiwan’s exports of large-diameter of wire rods (with diameters larger or equal to 14mm) totaled 6,724 tons in November, soaring by 30% from October. The export prices of large-diameter wire rods averaged at ...
Tags: large-diameter, Taiwan
Its’ reported that the Japanese largest stainless producer Nippon Steel & Sumikin Stainless (NSSC) said that it has won an order from Kuwait’s Ministry of Electricity & Water to supply around 4,300 tons of ASTM S32304 and S31803 ...
It’s reported that Quintain Steel, one of the major steel wire product manufacturers in the Taiwan announced to leave its galvanized steel wire prices unchanged for January to reflect higher input costs even though it cut prices for ...
Tags: steel, metallurgy
According to the forecast made by the Ministry of Economy, Trade & Industry (Meti), Japan’s steel demand will be at 27.85 million tons in the first quarter of 2014, up slightly by 0.6% year on year and increasing by 1.4% from a ...
Tags: steel, metallurgy
According to data released by Brazil's secretary of foreign trade (Secex), the country’s exports of steel flat products totaled 57,791 tons in November, rising by 32% from a month ago. The country’s export revenues generated ...
Tags: steel, metallurgy
In order to sustain profits, the Indian steel companies such as JSW Steel, Essar Steel, and Mukand Steel plan to increase price by RS 1,500/ton in January, 2014. It’s learned that the price rise is driven by higher costs of iron ore ...
Tags: steel, metallurgy