Oil Markets are currently balanced and inventories are at excellent levels, but the geopolitical situation is having an impact on prices, Saudi Oil Minister Ali al-Naimi said Tuesday. "The market is in a very good position, supplies are ...
Tags: Oil Markets, Syria crisis
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
Thailand's PTT Exploration & Production PCL, the country's flagship petroleum explorer, might invest in North American shale-gas and Myanmar deep-water projects as part of its plan to nearly double its output by 2020. PTTEP, which made ...
Tags: Shale Gas, flagship petroleum
China's petrochemical industry gained CNY 6.6 trillion main business incomes and CNY 221 billion profits in the first seven months, up 9.9% and 43% year on year. Crude oil China processed in the first eight months was 317.16 million tons, ...
Tags: Metallurgy, Mineral, Energy, Petrochemical
Homegrown Chinese mobile phone makers have seen a high-end chip supply shortage become a big obstacle on their expansion way. Gu Wenjun, a senior analyst with iSuppli, said in an interview recently that China imported USD 192 billion ...
Tags: Smartphone, Chip
The main business income of China's petrochemical industry grew 9.9 percent to 6.60 trillion yuan ($1.07 trillion) in the first seven months of 2013, said the country's top economic planner on Wednesday. The industry's net profit totaled ...
Tags: Petrochemical, Mineral
The government is expected to raise import duty on refined edible oil to 10%, from 7.5% at present, to protect the domestic oil refining industry. A Cabinet note regarding this has already been circulated by the Food Ministry, sources ...
Tags: Chemicals
Hopping onto the shale gas bandwagon is high on the agenda for just about everyone. The U.S., which has led the way in developing hydraulic fracturing technology, and in sheer scale of shale exploration, has transformed itself from one of ...
Tags: Chemicals
According to statistics, China's crude stainless steel output totaled 1.57 million tons in July, increasing by 7.2% from a month ago. In July, the country's output of chromium-based stainless steel totaled 310,000 tons, rising by 10.8%; ...
Oil prices dropped Monday as investors paid close attention to speeches from Federal Reserve officials for clues on monetary policies. New York Fed President William Dudley on Monday defended the Fed's decision not to trim its massive ...
Tags: Oil Prices, Fed Tapering Fears
The Glass-Safe tray can easily and safely transport glasses and bottles of varying sizes, says creator Chris Holloway Entrepreneur Chris Holloway, creator of the CardSafe concept, has launched a new style tray which enables bar and ...
Tags: Agriculture, Food
The twelfth meeting of China - Venezuela Senior Mixed Committee was held in Beijing, at which relevant units of the two countries signed a number of cooperation documents on oil, electricity, agriculture, industry, technology, communication ...
Tags: economy, Loans, cooperation
China's top three oil and gas producers have signed up for bidding for a block of a deepwater oil field in Brazil, each. Brazil will hold a bidding for a pre-salt block in the Libra oil field and the first round is scheduled to be held on ...
Tags: Metallurgy, Mineral, Energy, gas, oil
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 slide in LPG prices over the past four days on abundant supply and an Asian demand pause has sent physical values to six-week lows and flipped the paper market to the steepest contango structure since early July 2012, market sources ...
Tags: Metallurgy, Mineral, Energy