Reuters reported that China's imports of both iron ore and crude oil were the second highest on record in November,providing encouraging signals on demand for commodities in the world's second largest economy. The strength in consumption ...
There is no question, the jump in pump prices these past few years have shaken the economy and challenged households. The upside is that higher fuel prices have fueled the so-called green revolution and high-tech transportation development. ...
Gulf Oil Review said that as OPEC members meet in Vienna next week they have good reason to feel satisfied. For the first time in history, the average price of the group's basket of oil has been above USD 100 a barrel for 8 consecutive ...
Tags: Gulf Oil Review, basket of oil, oil price, OPEC
Iran's crude exports are set to drop by about a quarter in December from the preceding month to the lowest since tough sanctions were applied this year. Shipping sources said that oil shipments by Iran have more than halved in 2012 due to ...
The 3rd quarter's sales for Curtains Made Simple have been its best yet.There have been many reasons for this;a much expanded range of fabrics,increased range of products that can be ordered online and the increase in the price for ...
Tags: textile industry, UK industry, reshoring, fabric
Iraq's State Oil Marketing Organisation(SOMO)has this morning adjusted its official selling prices for its Basra Light and Kirkuk crude grades for January. In common with some other countries,Iraq's oil is priced relative to regional ...
Tags: SOMO, oil, Basra Light, Kirkuk crude
The cost of the Gorgon LNG project offshore Western Australia has grown 40.5% to $52 billion, operator Chevron said Wednesday. A cost and schedule review has been completed, with the total cost estimate for the "foundation project" up ...
Tags: capital program, cost and schedule review, foundation project
The UK expects its tax revenues from the oil and gas industry to slip by more than a third in the current tax year as declining North Sea production levels, lower than expected oil prices and upstream tax breaks crimp its receipts, the UK's ...
The price of styrene monomer in Asia hit a four-and-a-half-year high of $1,645/mt FOB Korea and $1,672/mt CFR China Wednesday, as the price of feedstock benzene soared to a record high of $1,477/mt FOB Korea on the same day, Platts data ...
Tags: styrene monomer, feedstock benzene, benzene prices, overseas markets
MNA reported that Iran has been named the new chair of the Gas Exporting Countries Forum and will host GECF summit in autumn 2013. Leaders of the world's biggest gas suppliers ended their first summit in Doha, Qatar on November 13. During ...
Tags: GECF summit, Gas Exporting Countries Forum, gas, natural gasoil
RIA Novosti reported that Ukraine plans to slash its gas imports from Russia to 18 billion cubic meters in 2013 from 27.5 billion cubic meters this year. Mr Yuriy Boyko energy minister of Ukraine said that "We have already informed our ...
Tags: gas import, gas, gas price
Reuters reported that OPEC crude oil output has declined in November to its lowest since January because of disruptions to Nigerian output and reduced supplies from Angola and Libya. A Reuters survey found that supply from the 12 member ...
Reuters reported that Brent crude oil fell below USD 111 per barrel as a lack of progress in US budget talks to avert a fiscal crisis darkened the outlook for demand in the world's biggest oil consumer. Top US Republican lawmaker John ...
Tags: US fiscal, oil, oil consumer
The main factor in determining oil prices next year, whether they will hold near current levels or come off what looks to be the highest ever annual average, will depend on how the economies of the world's main demand centers fare, ...
Tags: Oil Prices, high oil prices, gas
Kia Motors global sales for passenger cars, recreational vehicles (RVs) and commercial vehicles increased 13.4% to 245,238 units in March 2012, compared to corresponding period last year. In March 2012, sales in general markets increased ...
Tags: Kia Motors, passenger cars, recreational vehicles, commercial vehicles