On December 31, Hubei Province-based major Chinese steel producer Wuhan Iron and Steel Group (WISCO) announced that it has completed supplies of 20,000 mt of steel plates for crude oil storage tanks in the Dagang district of Tianjin, built ...
Tags: WISCO, steel plates, crude oil storage tanks, China
The sharemarket closed higher for a second day yesterday, buoyed by a last-minute budget deal in the US that drove global equities and commodity prices sharply higher on Wednesday night. The benchmark S&P/ASX 200 finished up 0.7 per cent ...
Tags: sharemarket, US, global equities, commodity prices
The sharemarket started 2013 with a bang as US lawmakers agreed a budget deal to avoid the worst of the so-called fiscal cliff that had threatened to derail the world's biggest economy. The benchmark S&P/ASX 200 closed up 1.2 per cent at ...
Tags: sharemarket, 2013, US, fiscal cliff
Business Line reported that growth rate of 8 core sector industries declined to 1.8% in November, from 7.8% in the same month last year, due to drop in production of coal, natural gas and cement. The 8 core sector industries had registered ...
Tags: coal, natural gas, cement, growth rate
For a country with one of the largest reserves of natural resources in the world,the transformational potential of India's resources sector is immense.The sector has the potential to add USD 1 trillion to the Indian economy that can ...
Tags: economy, natural resource, greenfield exploration, poverty, India
US railroads in 2012 hauled less coal, by far the largest commodity to travel by rail, but made gains in other commodity groups, such as petroleum products, which saw growth of more than 46%, according to annual traffic data released ...
Tags: US Rail Traffic, Coal Woes, Oil Loads Climb, Chemicals
Styrene monomer traders Thursday said they remained bullish about the outlook for SM in the first quarter of 2013 and expect prices to stay firm even after hitting new record highs on almost a daily basis in December and to date in January. ...
Tags: Styrene monomer traders, outlook for SM, collapse, Chemicals
Russia's crude oil production hit a record high of 518 million mt (10.4 million b/d) in 2012, preliminary data released Wednesday by the energy ministry's Central Dispatching Unit showed, as the country cemented its position as the world's ...
Tags: Russia, crude oil production, oil, oil industry
While analysts are generally in consensus in forecasting Brent crude to average around $110/b in 2013, the surge in North American production and question marks on the timing of new infrastructure has made for a highly divergent set of ...
Tags: Brent crude, crude oil prices, crude oil market, Brent
Hopefully,old planet earth is still spinning at this moment–due to a shortened Christmas schedule,this was written prior to Friday,Dec.21,2012,which is the ominous last day of the Mayan calendar,the December solstice and the first day ...
Tags: farm work, agriculture, deficit, spending
Japan imported 6.66 million mt of LNG in November, almost stable from October, when imports were recorded at 6.67 million mt, customs data released Thursday by the Ministry of Finance showed. However, LNG imports were down 4.5% from ...
Tags: Japan, LNG, LNG imports, Japan economy
BP signed a heads of agreement Wednesday with Indonesia's state-owned power utility Perusahaan Listrik Negara to supply 23.96 million mt of LNG over 20 years, starting 2013, Jero Wacik, the energy and mines minister who is also the head of ...
Vietsovpetro a joint venture between Viet Nam and Russia has exploited 6.11 million tonnes of oil and 1.23 billion cubic metres of gas in 2012,generating a yearly revenue of more than USD 5 billion. General director Nguyen Huu Tuyen ...
Tags: Vietsovpetro, cubic metres of gas, oil
Moscow hasn't reached any agreement with Minsk on supplies of 23 million mt of Russian crude oil to Belarus in 2013, Russia's energy ministry said Friday in a statement, denying reports in the Belarus media earlier in the day. ...
Gulf News reported that cross border collaboration could help the Arab world maximise its gains from energy resources that could be piped and distributed across the region through a regional energy grid as a large number of opportunities ...
Tags: energy, energy resources, regional energy grid, energy sector