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
US oil prices rose above $US100 a barrel for the first time in more than a year, following political unrest in Egypt and a sharp fall in domestic stockpiles. Light, sweet crude for August delivery rose $US1.64, or 1.7 per cent, to ...
Tags: oil futures, oil, mineral
Northwest European fuel oil cracks have slumped to four-month lows after Brent crude prices rallied on political turmoil in Egypt. The high sulfur fuel oil barge crack -- the discount of FOB Rotterdam 3.5% sulfur fuel oil barges to Dated ...
The Gulf Coast heating oil differential fell 75 points Wednesday as US production and stocks increased and traders cited trouble finding ships to move any export barrels. Platts assessed the Gulf Coast heating oil differential at NYMEX ...
Tags: Heating Oil, Chemicals
China's new natural gas pricing mechanism will create two separate bands of prices across the country with an average difference of 42%, although over 90% of supply will still be priced at the lower level. The National Development and ...
Tags: Natural Gas, Chemicals
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
The US saw its biggest ever yearly rise in oil production last year as its booming shale oil industry continues to transform the global oil market, BP said Wednesday. At the same time, global proven oil reserves continue to grow and are ...
Few advanced economies can measure up to the potential of emerging markets, which have been forecast to exhibit the fastest growth rates for food and non-alcoholic beverages over the next five years, according to a new report from global ...
Tags: Markets, Agriculture&Food, Drink
The oil complex pushed sharply lower late in US trade Friday, extending an overnight selloff prompted by a stronger dollar, lower equities markets and OPEC's decision to roll over its 30 million b/d output target following Friday's meeting ...
Tags: Metallurgy, Mineral, Energy, Oil
A US commodity trading house has filed a class-action lawsuit in New York against BP, Shell and Statoil, the three European oil companies being investigated by the European Commission for suspected manipulation of oil prices. The oil ...
Tags: Chemicals, Metallurgy, Mineral, Energy
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
Research and Markets has announced the addition of the "A Profile of the Saudi Arabia Paint Industry" report to their offering. The publication of the fourth edition of the report 'A Profile of the Saudi Arabia Paint Industry' is ...
Tags: Paint Industry, Paint
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
The oil complex settled lower Monday on bearish China data and increased OPEC production, amid weak fundamentals in the US. NYMEX June crude settled 87 cents lower at $95.17/barrel, having traded in a $94.47-$95.68/b range throughout the ...
Tags: oil complex, oil