A sinking crude oil market is just too much for the grain bulls to handle right now. Corn and soybean prices moved lower Monday morning after USDA released quarterly grain stocks, monthly world agricultural supply and demand estimates ...
Tags: grain bulls, crop production, Agriculture
Global manufacturer and marketer of differentiated chemicals, Huntsman Corporation has said that fall in crude oil prices will prove to be beneficial to Huntsman over the long term. In a statement, Huntsman CEO Peter Huntsman said, ...
Tags: oil prices, balance sheet, Textile
Rising production costs and falling global crude prices are prompting Chinese oil companies to reduce output and explore other options for sustainable profit growth in the long term, a leading industry expert said on Tuesday. Part of the ...
Tags: crude prices, Crude Oil
Oil closed up on Wednesday for the first time in five days as traders took stock of the market's rout after crude prices lost nearly 10 percent over two days and benchmark Brent fell to below $50 a barrel. A decline in Brent crude futures ...
Tags: Crude Oil, crude futures
The U.S. trade deficit fell to an 11-month low in November as declining crude oil prices curbed the import bill, prompting economists to sharply raise their growth estimates for fourth-quarter growth. Yet big moves also create the ...
Tags: Trade Deficit, America economy
The Nigerian government has approved a policy which aims to revive the country’s ailing textile and garment industry. The policy is a part of the National Industry Revolution Plan (NIRP) which covers the whole textile value chain, ...
Tags: funding and energy, smuggling, Textile
China's largest oilfield, the Daqing Oilfield, in northeast China's Heilongjiang province is expected to cut 1.5 million tons of output next year to stay in line with the new production schedule of the China National Petroleum Corporation ...
The prices of both imported and domestically produced LPG rebounded in East and South China this week, after falling 21-34% over the previous five weeks, supported by increasing demand and improving sentiment, trade sources said Friday, ...
Russia's central bank failed to stem a further dramatic fall in the rouble on Thursday despite raising the headline interest rate to 10.5%. The central bank, which has used billions of dollars worth of foreign reserves in a desperate ...
Tags: Russia's Central Bank, ruble
China's crude imports from its major suppliers rose significantly in November versus a year ago, with Russian cargoes hitting a record high, although shipments from top exporter Saudi Arabia fell 5.9% to 3.99 million mt, detailed data from ...
Tags: Crude Imports, pipeline oil
Global crude steel production in November this year slightly increased by 0.1 percent year on year, amounting to 130.5 million metric tons, while a 4.5 percent decrease was observed on month-on-month basis, according to the World Steel ...
Tags: Crude Steel Output, Mineral
China is likely to slash gasoline and diesel prices in the coming week due to sluggish domestic demands and a continuing crude price slump in the global market. The modern industries and living environments are built on the base of ...
Tags: Oil Prices, Mineral
The Finance Ministry announced it would lower import tariffs on some goods including camera lens from January 1 to support industrial development and to refine the trade mix. The ministry said applocable imports included manufacturing ...
Tags: Import Tariffs, Camera Lenses
Prices of both imported and domestically-produced LPG fell another 9-12% in China this week after sliding 10-13% last week amid lower Asian LPG values and weaker demand from the petrochemical sector, trade sources said Friday, December 12. ...
There's less corn and fewer soybeans on hand in the U.S. right now than the trade expected heading into Wednesday's monthly World Agricultural Supply and Demand Estimates and Crop Production report. Wednesday's WASDE report shows a ...
Tags: Grain Prices, Corn, Soybean