U.S. factory production rose in December as manufacturers churned out more furniture, computers and steel, offsetting a small decline in autos. The Federal Reserve says factory production increased 0.3 percent last month, the fourth ...
Tags: computers, steel, Electrical
China raises the consumption tax on oil products beginning Tuesday. This will be the third increase in as many months, following one on Nov 29 and another on Dec 13. The sharp drop in the price of crude oil since late June has been ...
Tags: consumption tax, oil products
Rising production costs and falling global crude prices are prompting Chinese oil companies to reduce output and explore other options for sustainable profit growth in the long term, a leading industry expert said on Tuesday. Part of the ...
Tags: crude prices, Crude Oil
Williams Partners is expecting ethylene production for sale to begin this month at its Geismar plant as commissioning efforts for the project near completion. “This commissioning effort has been especially challenging after the ...
Global demand for industrial silica sand is forecast to advance 5.5 percent per year to 291 million metric tons in 2018, with a value of $12.5 billion. Accelerations in construction spending and manufacturing output worldwide are expected ...
Tags: Silica Sand, glass
Foreign direct investment (FDI) inflows into India have surged by around 25 per cent from a year ago, in the April-October period of the current fiscal year. In the seven months to October 2014, FDI rose some 25 per cent from $13.82 ...
Tags: pharmaceuticals, oil, gas, petrochemicals, Textile
The U.S. Environmental Protection Agency (EPA) and the Department of Justice (DOJ) announced today that XTO Energy, Inc. (XTO), a subsidiary of ExxonMobil and the nation’s largest holder of natural gas reserves, will spend an ...
BASF and Gazprom have agreed that they will not complete an asset swap, which was planned for the end of the year. “We regret that the asset swap will not be concluded. We will continue our cooperation of over 20 years with Gazprom ...
Tags: targeted oil, gas-rich regions, Construction
Global steel giant ArcelorMittal has announced that its European unit is providing 310,000 mt of hot rolled coils (HRC) from its production site in Bremen, Germany, more than one third of all the hot rolled coils needed for the Trans ...
Tags: oil, gas industry, Metallurgy
BASF turns 150 in 2015. The company announced its anniversary program in an international press conference held in Ludwigshafen. In addition to celebrations and a historical retrospective, BASF has prepared a global co-creation program with ...
Russia exxon mobil oil companies and the United States announced that the two sides had reached an agreement, a joint exploration and mining of the Russian arctic shelf oil and gas on August 30. This is the most important cooperation ...
BASF Group company Wintershall is continuing its growth course in Norway. By acquiring shares in the production fields Gjøa (5%) and Vega (24.5%), Wintershall is increasing its production in Norway from about 40,000 barrels of oil ...
Tags: Statoil, Wintershall, Construction
The Board of Directors of Exxon Mobil Corporation, one of the world’s leading petrochemical companies, has appointed Neil Chapman as the new vice president of the company, effective Jan. 1, 2015, replacing Stephen D. Pryor, who has ...
China's top economic planner singled out on Wednesday seven areas for public-private partnerships to fuel the country's economic growth. The National Development and Reform Commission said the plan will be implemented as soon as possible. ...
Tags: economic growth, Private Companies
The Toll Group (Toll) has announced a range of transactions to “drive improved returns for shareholders and rationalise its portfolio of businesses”. The actions announced today by Toll include: Earning more money off its ...
Tags: marine freight business, Service