The Alberta government is aiming to attract major investment in its natural gas sector in 2013, as part of the Canadian province's strategy to develop a balanced and diversified energy portfolio, a provincial government official said ...
Tags: natgas investments, gas sector, gas, gas prices
AFP reported that oil was up in Asia on trader expectations of a hike in Chinese crude demand after a key survey showed its manufacturing activity hitting a 14 month high in December. New York's main contract, light sweet crude for ...
Tags: oil, light sweet crude, rose, improved demand
A new rivalry at the top of the Organization of the Petroleum Exporting Countries oil group has emerged, pitting up and coming Iraq against undisputed cartel heavyweight Saudi Arabia. Having overtaken Iran as OPEC's second biggest producer, ...
Tags: oil, Petroleum Exporting, Petroleum, oil prices
Sales in Europe's decorative paints market have been sluggish this year and are likely to show an even slower pace of growth in 2012. Meanwhile in the Gulf area of the Middle East—close to Europe's doorstep—the decorative ...
Tags: decorative paints market, the Gulf area, European coatings companies
The opening address to the 162nd Meeting of the OPEC Conference, by HE Abdul-Kareem Luaibi Bahedh, Minister of Oil of Iraq and President of the Conference: Excellencies, ladies and gentlemen, Welcome to Vienna for the 162nd Meeting of ...
Tags: Oil, OPEC Conference, Gas, economy
AFP reported that OPEC will likely cut its oil production next year as prices risk falling in reaction to higher output from top crude consumer the United States and amid a slowing of energy demand growth. The Organization of Petroleum ...
Tags: oil production, top crude consumer, energy demand growth
According to a report by the National Commercial Bank,Saudi Arabia's monetary system continues to overflow with liquidity as the monetary base for the fifth consecutive month,expanding by 16.4%and setting an all time record at SAR 334.9 ...
Tags: National Commercial Bank, Arabia's monetary system, SAMA Foreign Assets
European gas markets have lost over 10 years of growth, with demand back to the levels of the 1990s, Professor Jonathan Stern of the Oxford Institute for Energy Studies told the UK House of Lords EU energy subcommittee Wednesday. He ...
Tags: gas markets, gas, gas demand, gas prices
OPEC ministers gathering in Vienna have two tasks ahead of them on Wednesday: fix crude output policy for the year ahead and appoint a new secretary general to succeed the outgoing Abdalla el-Badri. While the 12-member group appears ...
According to a Reuters survey, Iran posted increases in its oil output in November. Iranian supply has risen by 40,000 barrels per day to 2.71 million barrels per day. Sources in the survey said that a resumption in sales to South Korea ...
Tags: steel scrap price, iron ore price news, buy steel pipe, high carbon steel
New mega projects will boost the UAE's investment in the petrochemicals industry to nearly USD 12 billion by 2015 to maintain its position as a major global producer of the gas based substance. According to official data, the investments ...
Tags: Chemical Investment, petrochemicals industry, gas based substance
The Iranian government is preparing the next solar year budget to submit to the Parliament but reportedly with significant difference from current year budget in details. According to the budget law, Iran is expected to sell USD 81 ...
Tags: Oil, Year Budget, budget law
RIA Novosti reported that Russia may lose its investment grade rating if world oil prices plunge to USD 80 per barrel and the Russian government continues massive social and defense spending. Mr Alexei Kudrin ex finance minister of Rusia ...
Tags: investment rating, oil prices, social bill
OPEC gathers in Vienna this week for a ministerial meeting to decide on the cartel's oil production ceiling as a predicted drop in demand risks weighing on high crude prices despite Middle East unrest. The Organization of Petroleum ...
Tags: Middle East unrest, OPEC, oil, production
The US government has again cut its forecast for corn yields as the impact of the worst drought in the country for 50 years becomes clearer. Washington said the US corn yield is set to be the lowest since 1995-96, sending futures to a ...
Tags: US government, corn yields, drought, food industry