Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...
Tags: Oil Prices, Crude Oil
Crude futures settled Thursday at multi-year lows on a stronger US dollar and persistent concerns about oversupply. NYMEX January crude settled down 57 cents at $34.95/b, lowest front-month settle since February 2009. ICE February Brent ...
Tags: Crude, ULSD, crude stocks
RED RME production margins in Northwest Europe remain in negative territory as the premium fell to a one-month low Monday, while feedstock prices in Europe remain strong on low availability. The differential between outright RME and ...
Tags: RED RME, rapeseed oil, oil
Supramax shipowners are bracing for a tough finale to a disappointing year as limping grain and petcoke trade in the Atlantic fails to support the monstrous weight of available tonnage. That has been keeping freight rates low, while hopes ...
Tags: Supramax shipowners, grain, petcoke
Brazil exported 46.9 million liters of ethanol to Europe in October, the most it had exported to the region on a monthly basis since October 2010, data from the Secretariat of Foreign Trade (SECEX) showed Monday. Of that total, 33.6 ...
Spot gold was trading at three-month lows Monday morning, below $1,100/oz on COMEX for the first time since August on a strong US dollar, boosted Friday by strong US jobs data. Data showed Friday 271,000 new jobs were created in the US in ...
Tags: Gold, US economy
The differential between the WTI frontline swap and the Dubai swap is at its widest since mid-January, possibly opening up arbitrage opportunities for imports into the US, Platts data showed. The December Dubai swap was trading at a ...
Tags: WTI frontline swap, Dubai swap, crude
The global market for laser materials processing systems reached a new record high of €7.9 billion in 2012. Measured in euros the market grew 9 % over 2011, while measured in US-dollars the market grew only by 1 %. These observations ...
More than 5,000 British students will be taught Mandarin in schools, after a 15 million US dollar funding boost announced Wednesday by the British government. Last year, only about 2 percent of state funded primary schools in Britain and ...
Tags: British students, Mandarin, Chinese
Prices for a solar-grade polycrystalline silicon wafers have risen to US$0.835-0.840 currently due to strong demand, and are likely to further rise to US$0.85-0.87 in November, according to industry sources. In contrast, prices for ...
Non GAAP earnings per share at US apparel marketer PVH Corp which has brands like Tommy Hilfiger and Calvin Klein in its portfolio rose 11 per cent year over year for the second fiscal quarter ended August 2, 2015. Earnings per share on a ...
Tags: apparel marketer, Calvin Klein
Depreciation of China's currency offers opportunities for economies in Europe Last week's depreciation of the yuan stoked fears that European exports to China could be hit. As the euro and the pound strengthened, concerns started to grow ...
Tags: global currency, Yuan Move
China's surprise devaluation of the yuan on Tuesday, when the country's central bank set the official value of the renminbi about 2% weaker against the dollar, has not hit the petrochemicals complex in a significant way, industry ...
Tags: polymer, carbide PVC
Hyundai Motor Group (HMG), which incorporates Hyundai and Kia brands, is injecting manpower and resources to boost its commercial vehicle (CV) wing for the low-volume, high-margin truck and bus sector. The carmaker is also bolstering its ...
Tags: Hyundai Motor, Commercial Vehicle
China's central bank has devalued the yuan by almost 2 per cent - its lowest rate against the US dollar in almost three years. The People's Bank of China (POBC) said the decision to devalue the yuan by 1.9 per cent was a "one-off ...
Tags: China Yuan, US dollar