US policymakers should provide an opening for normal exports of light crude and other hydrocarbons that are seeing increased production due to the shale boom, ConocoPhillips Chairman and CEO Ryan Lance said Tuesday at an industry gathering. ...
Tags: light crude, hydrocarbons, US
Venezuelan President Hugo Chavez died Tuesday in Caracas after an almost two-year battle with cancer and 14 years of a dominating socialist presidency that leaves the country with the world's largest oil reserves mired in uncertainty. The ...
Blue chips continued to climb to new heights, pushing beyond the record levels reached in yesterday's rally after a better-than-expected reading on the labour market. The Dow Jones Industrial Average climbed 42.47 points, or 0.3 per cent, ...
Tags: stock index, Stocks, Blue chips
According to data, the 7 major stainless steel producers in Japan produced 312,856 tons of crudes stainless steel in January, rising by 15.5% from a month ago. In January, Nippon Steel & Sumitomo Metal Corporation (NSSMC) Yawata Works ...
Tags: stainless steel producers, stainless steel, steel producers
According to the data released by the Export and Import Division of South Korea's Ministry of Knowledge Economy, the country's trade balance indicated a $2.1 billion surplus in February this year, remaining in black for the 13th consecutive ...
Tags: steel export, steel, steel export industry
It is said that Turkey's largest integrated steel producer, Erdemir Group, has tendered for a second continuous galvanizing line at its Eregli works,and also for its melt shop upgrade at its Iskenderun works. Erdemir sets budget plan ...
Tags: galvanising line, steel producer, steel
Shell's Nigeria unit may be forced to shut down completely its key Nembe Creek oil pipeline in the Niger Delta following repeated attacks on the facility by thieves siphoning crude, the chairman of Shell companies in Nigeria, Mutiu Sunmonu, ...
Tags: Shell, oil pipeline, oil
Oil futures settled lower Monday after extending an overnight slide that saw the front-month NYMEX crude contract trade below $90/barrel for the first time since December 26. NYMEX April crude settled 56 cents lower at $90.12/b, while ICE ...
Tags: Oil futures, Brent crude, Oil Price
On March 5, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) announced that in February this year it produced 775,500 mt of pig iron, down 10.58 percent, 818,100 mt of crude steel, down 8.26 percent, and ...
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 average price of butadiene in February rose 14% month on month to $2,007.50/mt FOB Korea amid tight availability and new downstream plants coming online. The first of about four butadiene rubber plants starting up in 2013 was ...
Tags: butadiene, butadiene price, butadiene market
A number of positive signs are starting to emerge regarding the U.S. economy, but there remain political and global headwinds that could slow growth, according to a new report. The Manufacturers Alliance for Productivity and Innovation ...
Tags: Manufacturers, Manufacturing production, Manufacturing
As of March 1, inventory of the main finished steel products (plate, hot rolled coil (HRC), cold rolled coil (CRC), rebar and wire rod) in the major steel markets in China totaled 21.751 million mt, up 1.367 million mt week on week and ...
Tags: finished steel inventory, steel inventory, finished steel
In February this year, Ukrainian steelmaker Zaporizhstal's finished steel product output increased by 14.3 percent to 247,000 mt, while its crude steel production increased by seven percent to 294,800 mt, both year on year, according to the ...
Tags: Zaporizhstal, steelmaker, steel
In January this year, Japan's industrial production increased one percent over the previous month, showing a month-on-month increase for the second consecutive month, and reaching the August 2012 level. Japan's industrial output showed a ...
Tags: industrial output, industrial production, steel production