U.S. crude-oil futures dropped to a four-month low Wednesday after government data showed inventories rose more than expected last week. The Energy Information Administration said crude oil stocks rose by 4.1 million barrels, compared ...
Tags: crude oil, Oil, Metallurgy, Mineral, Energy
In a move to overhaul an inefficient industrial sector, Libya is considering the sale of Misrata-based steel plant Libyan Iron and Steel Co (LISCO), along with eight other state-owned companies from various sectors, Libyan Industry Minister ...
Tags: Metallurgy, Mineral, Energy
In August this year, Turkey's total hot rolled coil (HRC) exports increased by 73.48 percent year on year to 54,616 metric tons, while decreasing by 42 percent compared to the previous month, according to the data provided by the Turkish ...
Tags: HRC Exports, Mineral
Nestlé has completed a CHF26m expansion project at its ice cream factory at 6th of October City, Egypt to cater to the increasing demand for Nestlé and Dolce brands. The project, which includes investment in new ...
Tags: Nestle, CHF26m Expansion
The exports of carpets from Turkey increased by 9.4 percent to US$ 1.571 billion during the first nine months of the current year compared to exports worth US$ 1.436 billion made during the same period last year, according to the Istanbul ...
Tags: Carpet Exports, Textile
U.S. crude-oil futures settled 1% lower Friday after the International Energy Agency warned that the U.S. fiscal crisis could harm demand and said supplies are rising faster than previously thought. Light, sweet crude oil for November ...
Tags: crude-oil, global oil demand
Among other inconveniences, Washington's shutdown could make it harder to keep track of what is going on in a place just over 1,000 miles away from it: Cushing, Okla. Cushing, where several major pipelines meet, is where oil futures are ...
Tags: Oil Prices, Mineral
Chinese oil companies are becoming more active in the international crude trading market, rather than just acquiring the fuel for domestic use. China's top oil refiner, Sinopec Group, has purchased crude from the Forties oil field, the ...
Tags: oil refiner, Sinopec
U.S. oil prices declined Friday, continuing to pull back from a mid-week rally sparked by the Federal Reserve's surprise decision to continue its easy money policies, while concerns over Middle East supply disruptions continued to fade ...
Tags: Oil, Metallurgy, Mineral, Energy
The premium of ultra low sulfur diesel barges over 50 ppm gasoil barges has moved to its widest point since May 1, with ULSD trading at a $9.75/mt premium to 50 ppm, Platts data showed Monday. Rising ULSD premiums in Northwest Europe have ...
Tags: Gasoil Barges, Mineral
A top energy watchdog forecast the U.S. will bypass Russia in the production of liquid fuels--everything from crude and gasoline to biofuels like ethanol--solidifying America's growing importance in global energy markets. The ...
Tags: Liquid Fuels
ICE October Brent dipped to its lowest level in a week then settled $2.40 lower at $113.72/barrel Monday, while NYMEX crude also fell as uncertainty over a potential US strike against Syria remained. In after-hours trade, October Brent ...
Tags: Chemicals
According to the data provided by the Turkish Statistical Institute (TUIK), in the second quarter of the current year Turkey's rebar (including round bar) exports increased 4.7 percent over the first quarter but declined 7.5 percent ...
Tags: Rebar Exports
According to the statistics provided by the Turkish Steel Pipe Manufacturers Association (CEBID), in July this year Turkey's total steel pipe exports amounted to 150,000 metric tons, increasing by 8.1 percent compared to the same month of ...
Tags: Steel Pipe
Oil prices surged on Thursday as economic data around the globe added optimism to economic growth. In the week ending July 27, the advance figure for seasonally adjusted initial jobless benefits claims decreased 19,000 to 326, 000, the ...
Tags: Oil Prices, Global Growth Optimism