The oil complex nudged slightly higher during light trading Tuesday. Those gains were led by NYMEX August RBOB, which settled 4.23 cents higher at $2.9260/gal. NYMEX August crude settled 39 cents higher at $103.53/barrel, while ICE August ...
Ukrainian steelmaker Alchevsk Iron and Steel Works (Alchevsk), a subsidiary of Ukrainian steel producer Industrial Union of Donbass (ISD), has announced that in the current month of July it plans to increase its crude steel production by ...
Tags: Crude Steel, Mineral
Indian steelmaker Tata Steel has announced its sales results for the first quarter ended June 30 of the financial year 2013-14. The total domestic sales of Tata Steel for the first quarter increased by 26 percent to 2.01 million mt, ...
Tags: Tata Steel, Crude Steel
Indonesia is determined to get a market price for LNG exported from the Tangguh project to China's CNOOC, a senior official with upstream regulator SKK Migas said Monday. "The new price cannot be below the market price. It has to be ...
Tags: Tangguh LNG
OPEC's collective oil export earnings rose 8.5% to $1.24 trillion in 2012 from $1.14 trillion in 2011, the oil producer group said Friday in its latest annual report. It stressed that the 2012 figure was a preliminary estimate. The group ...
Tags: OPEC, Oil Exports
Producers in Alberta's liquids-rich shale play at Duvernay are likely to invest some C$1 billion ($955 million) in drilling activities over the remaining six months of 2013, with that figure likely to rise further next year, oil and gas ...
China's state-owned offshore monopoly producer China National Offshore Oil Corp says it supports the Chinese government's position over Japan's recent protests about Chinese drilling activity in the East China Sea. "We do not understand ...
Tags: Drilling Rig, monopoly producer
AUSTRALIAN shares are one per cent higher as the military overthrow of Egyptian president Mohamed Morsi boosts the price of crude oil and shares in energy companies. The strong gains continue the volatility on the market, with shares ...
Tags: Market Rises, economy, stock
US oil prices rose above $US100 a barrel for the first time in more than a year, following political unrest in Egypt and a sharp fall in domestic stockpiles. Light, sweet crude for August delivery rose $US1.64, or 1.7 per cent, to ...
Tags: oil futures, oil, mineral
Goldman Sachs said earlier this week it had closed its Brent/WTI spread trade recommendation after the ICE Brent premium to NYMEX crude fell below its target of $5/b, adding short-term scope for further narrowing remained, but pipeline and ...
Tags: Chemicals, Goldman Sachs
Northwest European fuel oil cracks have slumped to four-month lows after Brent crude prices rallied on political turmoil in Egypt. The high sulfur fuel oil barge crack -- the discount of FOB Rotterdam 3.5% sulfur fuel oil barges to Dated ...
Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) has announced that in June this year its outputs of pig iron, crude steel and finished steel amounted to 753,200 mt, 808,600 mt and 792,600 mt, lower compared ...
Tags: Baogang, Crude Steel
On July 3, Beijing-based state-owned China Metallurgical Group Corporation (MCC) announced that the 450 m3 blast furnace No. 2 of Xinjiang region-based Kunyu Iron and Steel Co. has commenced trial production, successfully producing its ...
Tags: Steel's Blast Furnace, Mineral
According to the Japanese Ministry of Trade (METI), Japanese demand for crude steel in the third quarter of the current year is expected total 28 million mt, unchanged from the third quarter output forecast made in the second quarter, with ...
Tags: Crude Steel, Mineral
BASF, Cargill and Novozymes announced the achievement of an important milestone in their joint development of technologies to produce acrylic acid from renewable raw materials by successfully demonstrating the production of ...
Tags: BASF, Acrylic Acid, Renewable Materials