Oil futures settled lower Monday after extending an overnight slide that saw the front-month NYMEX crude contract trade below $90/barrel for the first time since December 26. NYMEX April crude settled 56 cents lower at $90.12/b, while ICE ...
Tags: Oil futures, Brent crude, Oil Price
Germany's Wintershall expects to increase its oil and gas output in 2013 mainly as a result of higher volumes from its operations in Russia, Norway and Libya, the company's parent BASF said Tuesday. In its outlook for 2013, BASF said ...
BASF announces fourth quarter and full year 2012 results. Full year 2012: -Sales €78.7 billion (plus 7%) -EBIT before special items €8.9 billion (plus 5%) -Record year in Agricultural Solutions and Oil & Gas; earnings in ...
Tags: BASF, fourth quarter, 2012
BP announced its financial results for the fourth quarter and full year of 2012. Underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, was $4.0 billion for the fourth quarter, compared to ...
Tags: BP, financial results, fourth quarter
The relentless rise in raw materials costs, which has been hitting European coatings producers over the last 2-3 years, has at last been easing. But the relief from the constant pressure of rising input prices may be short lived. The ...
Tags: raw materials costs, European coatings producers, input prices
Shell said Thursday it remains on track to grow its oil and gas production by over 20% in the next five to six years, despite weak North American fuel prices continuing to dent the performance of its key upstream growth centre. ...
Tags: oil, gas production, fuel prices, North America
OPEC Secretary General Abdalla el-Badri said Monday that world oil markets were well balanced and likely to remain well supplied through the current year to meet expected growth in demand, but that the oil producer group did not envisage a ...
Tags: OPEC, world oil markets, oil prices
jihepackage, A new product, the level of industrial production depends on the needs of the community, performance and cost, as well as alternative products, social effects and environmental issues are also important factors that can not be ...
Tags: industrial production, environmental issue, green chemical, yeast
Reuters reports that Iraq has sweetened the terms for oil contract buyers and is becoming more competitive on pricing. Oil Minister Abdul Kareem Luaibi [Elaibi], who met customers in Vienna last month on the sidelines of the OPEC meeting, ...
The heavy oil price is up. The soda ash and heavy oil price are respectively 1300 yuan per ton and 4600 yuan per tons which are flatted and 150 yuan per ton than last month. It is expected that, the demand will weaken seasonally. Whether ...
Tags: Heavy Oil Price, Glass, Heavy Oil
Russia's Gazprom paid a total of Rb133.186 billion ($4.4 billion) in retroactive gas price adjustments in January-September 2012, after renegotiating long-term gas supply contracts with some of its customers, the company said Tuesday in ...
Tags: Gazprom, gas price, retroactive gas
The Monday evening closure of a key North Sea Brent crude platform, the Cormorant Alpha (See story, 1307 GMT), has not had any marked impact on the key Dated Brent price benchmark assessment. The outright price of the Dated Brent ...
Tags: Dated Brent benchmark, crude oil, oil price
Crude oil production by Norway, the world's eighth largest exporter, is expected to fall 4% in 2013 to 1.47 million b/d, from 1.53 million b/d in 2012, the Norwegian Petroleum Directorate said on Friday. The NPD also said it expected gas ...
The local sharemarket is set to open slightly higher today following modest gains on overseas markets. CommSec economist Craig James said there were no great drivers for the local market after mixed results on Wall Street. "It's going ...
Tags: CommSec, sharemarket, oil price, gold price, iron ore
Reuters reported that Oman's 2013 budget raised spending nearly 30% over its 2012 plan to IRR 12.9 billion as the Sultanate boosts outlay on social benefits it promised after Arab Spring protests in 2011. Mr Darwish Al-Balushi finance ...
Tags: Oman, budget, social benefits, company news