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Australian Daniel Ricciardo Will Take His Seat From Red Bull Racing Team

Aug 27, 2013

Mark Webber has all but confirmed fellow Australian Daniel Ricciardo will take his seat next season following his exit from the Infiniti Red Bull Racing team after seven years with the Formula One team. Speaking with Australia’s ...

Tags: Mark Webber, F1

Tata Nano Will Invest Smart City Car on Upmarket

Aug 27, 2013

The second-generation Tata Nano will shift upmarket to become a “smart city car” as India’s largest automaker looks to take the new model to the world. Tata Motors managing director Karl Slym confirmed the Nano’s ...

Tags: Tata Nano, Smart City Car

Google Plans to Design and Develop Own Autonomous Car

Aug 27, 2013

Google is designing and developing its own autonomous car, according to reports in the US. The reports stem from an initial story by a former Wall Street Journal writerAmir Efrati who claims inside knowledge of Google’s plan for its ...

Tags: Autonomous Car

Nissan Patrol Support for Breaking The Guinness World Record

Aug 27, 2013

The Nissan Patrol has staked its claim for the title of the world’s strongest car, breaking the Guinness World Record for the ‘Heaviest aircraft pulled by a production vehicle’. The new-generation Y62 Patrol towed the ...

Tags: Nissan Patrol

Volkswagen Was The First Time Testing on Public Roads

Aug 27, 2013

The new-generation Volkswagen Golf Plus has been spotted for the first time testing on public roads. The revealing shots taken by CarAdvice’s spy photographer in Germany confirm Volkswagen is working on a new version of the ...

Tags: Volkswagen, Golf Plus

In The Year to Date, Petroleum and Petroleum Product Shipments Totaled 447,318 Carloads

Aug 27, 2013

Transportation of petroleum and petroleum products by rail in the US in the week that ended Saturday totaled 13,098 cars, up 19.6% compared with the year-ago period, the Association of American Railroads said Thursday. In the year to ...

Tags: US Petroleum

Naphtha Was Assessed at $914.5/Mt CIF NWE Wednesday, up $2.50 on The Week

Aug 27, 2013

Polyethylene producers are targeting higher prices in September amid increases in feedstock naphtha and improved economic data, sources said this week. Naphtha was assessed at $914.5/mt CIF NWE Wednesday, up $2.50 on the week. The average ...

Tags: Polyethylene, Chemicals

OMV Announced Monday Acquisition of North Sea Interests From Norwegian Company Statoil

Aug 27, 2013

Austrian oil and gas company OMV announced Monday a 2.65-billion-U.S. dollar acquisition of North Sea interests from Norwegian company Statoil, making it the largest industrial investment in Austrian history. In the deal expected to be ...

Tags: Gas Fields, North Sea Oil

Venezuela's CVG-Alcasa Primary Aluminum Production for July Totaled 3,954 Metric Tons

Aug 27, 2013

Venezuela's CVG-Alcasa primary aluminum production for July totaled 3,954 metric tons in July, down 22% from output of 5,082 mt in July 2012 and 1% below output of 3,996 mt for June, the company said Thursday. Alcasa is operating at about ...

Tags: CVG-Alcasa Output, Chemicals

TPC Group Was Unavailable to Confirm The Nomination.

Aug 27, 2013

TPC Group was heard nominating its September US butadiene contract price at a rollover from August at 40 cents/lb ($882/mt), sources said Thursday. TPC Group was unavailable to confirm the nomination. Market expectations have been for a ...

Tags: TPC Group

The Platts New York Dealer Price Range for Iridium Fell to $725-800/Oz

Aug 27, 2013

Iridium and ruthenium prices drifted lower this week on lack of industrial interest and excess supply among traders and consumers. The Platts New York Dealer price range for iridium fell to $725-800/oz this week from $775-850/oz last ...

Tags: Ruthenium, Iridium

PetroChina Expects a $3.3bn Annual Profit Boost From Government's Natural Gas Price Reform

Aug 27, 2013

PetroChina Co Ltd, the nation's leading oil and natural gas producer, said on Thursday it expects a 20-billion-yuan ($3.3 billion) annual profit boost from the government's natural gas price reform. That inflow will further buoy the ...

Tags: PetroChina, natural gas producer

Ren Has Already Been Dubbed The "$900-Million-Dollar-Man" for His Estimated Net Worth

Aug 27, 2013

Former Chinese commodities trader Jerry Ren, who is quietly building a mining empire in the Australian outback, scoffs at talk the resources boom is over. For him its just moved north. As some mining firms clock up billions of dollars in ...

Tags: Mining Boom, Chemicals

Chinese Smartphone Makers Breakneck Growth

Aug 27, 2013

Chinese smartphone maker Xiaomi has said the company is now worth 10 billion U.S. dollars after a new round of funding, presenting the latest evidence of Chinese smartphone makers' breakneck growth. The private company owns the ...

Tags: Smartphone Makers, Chemicals

Estimated Weekly Production Margin Jumped 1.98 Cents

Aug 27, 2013

The estimated weekly production margin for a typical US Midwest dry-mill ethanol plant jumped 1.98 cents, or 3.39%, this week to a 15-week high of 60.43 cents/gal, according to a Platts estimate based on a Friday review of data. This was ...

Tags: Estimated Ethanol, Chemicals

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