The US Navy and 40 allies gathered in Bahrain Monday to begin two weeks of naval anti-mine exercises designed to keep the Persian Gulf open to oil shipping. Although the exercises, billed as the largest ever in the region, have been ...
Tags: US Navy, Allies, Persian Gulf
China's Ministry of Commerce (MOC) has announced that during last week (April 29-May 5) the average steel price in China decreased by 0.3 percent compared to the previous week. In particular, in the given week prices of 3 mm hot rolled ...
Tags: Steel Price, Mineral
Oil futures closed US trading above Friday's settles Monday, after driving higher shortly ahead of the 2:30 p.m. EDT (1830 GMT) NYMEX market settle on geopolitical concerns arising out of the escalating conflict in Syria. NYMEX June crude ...
Tags: Oil Futures, Chemicals
Enterprise Products Partners said Thursday it will expand its ECHO crude storage terminal in Houston as part of an overall plan to increase infrastructure in Southeast Texas. The Enterprise Crude Oil Houston (ECHO) storage terminal will ...
Tags: ECHO Crude Storage, Barrels
Canadian Natural Resources' production averaged 489,157 barrels a day in first-quarter 2013, up nearly 24% from 395,461 b/d in the same period a year ago on record output from both its heavy oil and oil sands assets in Alberta, the company ...
Tags: Natural Resources, oil
Shares pared an early rise as profit-taking emerged before the release of US non-farm payrolls data due overnight. Strong earnings results from Westpac and Macquarie Group, together with a jump in resources stocks initially boosted the ...
Tags: Payrolls Data, Stocks
The sharemarket pared an early rise as profit-taking emerged before the release of US non-farm payrolls data due overnight. Strong earnings results from Westpac and Macquarie Group, together with a jump in resources stocks, initially ...
China's Ministry of Commerce (MOC) has announced that during last week (April 22-28) the average steel price in China decreased by 0.3 percent compared to the previous week. In particular, in the given week prices of 80 mm x 43 mm x 5 mm ...
US refiner Phillips 66 said Wednesday it plans to increase its product export capacity by 50,000 b/d to 370,000 b/d by the end of this year and to raise the volume of less expensive North American crude it processes at its US refineries. ...
Tags: Phillips 66, Export Capacity
US commercial crude stocks surged 6.696 million barrels over the week ended April 26 to hit a record high level of 395.284 million barrels, data from the Energy Information Administration showed Wednesday. The climb, due largely to a ...
Tags: commercial crude stocks, Energy Information Administration
Chinese oil and gas producer PetroChina Co., Ltd. (SHSE: 601857 and SEHK: 0857) has not made a final decision on whether to participate in an auction Iraq plans to hold for the Nassiriya oil field on December 19 this year. The Iraqi ...
Tags: Metallurgy, Mineral, Energy
PetroChina Company posts that it made CNY 36.02 billion net profits in the first quarter this year, down 8 percent year on year or up 27 percent quarter on quarter; it recorded CNY 0.2 earnings per share. The company produced 231 million ...
Tags: Petrochina, Metallurgy, Mineral, Energy
LyondellBasell Industries announced earnings for the first quarter 2013 of $906 million, or $1.56 diluted earnings per share. First quarter 2013 EBITDA was $1,585 million, a 25 percent increase from the fourth quarter 2012 and a 29 percent ...
Tags: Textile
While US policymakers, legislators and others are focused on whether the fundamentals of US gas market would change significantly if large volumes of LNG are exported, there are emerging questions about the federal government's ability to ...
Tags: LNG Exports, Chemicals
A rise in commodity prices has helped push the Australian dollar back above the $US1.03 level. At 5pm AEST, the local unit was trading at $US1.031, up from $US1.0246 on Wednesday. CMC Markets foreign exchange dealer Tim Waterer said the ...