Reuters reports that Kurdistan has begun shipping oil to international markets in independent export deals that some see as paving the way to greater Kurdish autonomy. The move is likely to further enrage the central government in ...
Tags: Ali al-Dabbagh, Ashti Hawrami, KRG, Kurdistan, oil contracts, oil exports
Mitsubishi Heavy Industries (MHI) is planning to start the commercial production of automotive turbochargers at its manufacturing plant in Franklin, Indiana, in 2014 to meet the rising demand in the US. The turbocharger production will be ...
Tags: MHI, automotive turbochargers, turbocharger
NYMEX January crude futures settled 98 cents higher at $86.77/barrel Wednesday, as the entire oil complex received a boost from the US Federal Reserve's move to continue its quantitative easing program to stimulate the economy. January ...
Tags: oil, heating oil, refinery, Nymex Oil
When real-world fuel economy doesn't match EPA estimates, the difference may lie in the cars' design. Ford's new C-Max and Fusion hybrids fall far short of their "47 city/47 highway/47 combined mpg," according to a growing number of ...
Tags: Ford, Fusion hybrids, EPA
Retail sales in November, which are typically viewed as the beginning of the holiday shopping season, showed a solid performance with annual and sequential gains, according to data released today by the United States Department of Commerce ...
Tags: retail sales data, sales, sales data, retail sales
Iraq's State Oil Marketing Organisation has finalized a term deal to buy up to 1.097 million tonnes of gasoil for delivery next year from Swiss trader Vitol and oil major BP. Traders said that the company has agreed to pay a premium of ...
US demand for liquid fuels in 2012 and 2013 was revised downward in the December Short-Term Energy Report from the Energy Information Administration, released Tuesday. EIA said consumption of liquid fuels would average 18.64 million b/d ...
Tags: liquid fuels, US demand, energy, energy industry
ABN Amro expects gold prices to drop substantially over the next two years on a modest increase in supply and slightly lower demand. ABN Amro said that it sees gold averaging USD 1,400 per ounce in 2013 and USD 1,300 an ounce in 2014. The ...
Tags: ABN Amro, gold prices, palladium, gasoline
IRNA reported that Mr Hashem Namvar MD of Bandar Abbas Refinery Company said that company's crude oil refining capacity has increased 30,000 barrels per day. Mr Namvar reiterated that "Earlier the production capacity of this refinery was ...
Tags: crude oil refining capacity, Bandar Abbas Refinery, gas oil, tar
US regional retailer Ingles Markets saw its sales growth quicken in the third quarter of its financial year. The company, which runs over 200 supermarkets, said grocery segment comparable-store sales increased 2.1% in the quarter to 23 ...
Tags: Ingles Markets, sales growth, company news
More than 130 locations of convenience restaurant chain Sheetz, Inc. now feature state-of-the-art LED lighting by Cree. The installation of energy-efficient Cree interior and exterior lighting at Sheetz® retail gasoline locations is ...
Tags: LED technology, lighting, Cree, LED
Lower margins from gas sales have hit half-year profits at US c-store retailer Casey's General Stores. Net income fell 6.7% to US$71.9m for the six months to the end of October despite higher sales. Casey's pointed to lower margins from ...
It was assessed by SunSirs that in the tracked 100 spot commodities,21 commodities increased in prices, 20 fell and 58 remained unchanged on 07/12/2012.The largest rises were PTA (1.22%),PET (0.96%),Coke (0.83%),while the largest falls were ...
Tags: commodities, spot commodities, largest rises
Non-LST normal butane in the US Gulf has gained 14.1 cents on the week, Platts data showed Friday, on low inventories and seasonal blending demand, market sources said. Non-LST butane prices were heard trading at $1.90/gal Friday morning, ...
Tags: normal butane, low inventories, seasonal blending demand, market sources
In a wide ranging speech,which is believed to have also set Honda's financial goals for the next five years,President and Chief Executive Officer Takanobu Ito,allegedly announced Honda's intention to launch fuel cell based electric cars in ...
Tags: Honda, fuel cell, FCX, reduce carbon emissions