price
Jan 17th, 2011
Crude Oil Falls to $91
The price of crude oil falls today to $ 91 a barrel, as the movements of the Chinese government against the overheating of the economy supply estimates for a reduction in crude demand. In February’s delivery contracts, the price fell to 48 cents to $ 91.06. During the last year, it writes profits of 17%....
Nov 9th, 2010
United States Gas Prices are Flat Now but Increases Are on the Way
United State gas prices have been flat now for over two weeks. This has given some people a lot of hope that maybe gas prices would stay this way for awhile. However, it now seems that rising crude oil prices are likely to result in an increase in fuel costs soon, according to a new...
Nov 8th, 2010
OIL FUTURES: Crude Hits 25-Month High Despite Dollar Strength
SYDNEY (MarketWatch) — Crude-oil futures hit a 25-month high in Asian trading Monday despite the U.S. dollar strengthening against the euro, though it pared those gains after the greenback’s rise became significant.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $86.96 a barrel at 0609 GMT, up 11...
May 4th, 2010
Oil Falls Below $86 on Firm Dollar, High U.S. Stockpiles
Oil fell below $86 a barrel on Tuesday, dampened by the stronger dollar and an expected rise in U.S. crude and fuel stocks, after hitting a 19-month high on positive economic news the previous day.
The dollar hovered near 8-½ month highs against the yen and one-year peaks versus the euro, boosted by robust data that...
Apr 15th, 2010
Spot Propylene Prices in US Dip as Demand Weakens
Weakening demand has pressured a drop in spot propylene prices in USA by about 6%, amid looser supply. As per ICIS, refinery-grade propylene (RGP) for April was offered earlier this week at 52.50 cents/lb (US$1157/ton), falling steadily since it last traded at 56 cents/lb on 5 April. RGP inventories rose by nearly 8% in the...
Mar 30th, 2010
USA: National Investigation Exposes Fraud in Frozen Seafood Labeling
Consumers and businesses may be paying up to $23 per pound for ice when purchasing frozen seafood products. This according to a national investigation earlier this year that revealed some packers are including the weight of ice glazing in the labeled weight for the seafood.
A coating of ice glaze is applied to frozen seafood prior...
Mar 30th, 2010
Persistent Hike in American Propylene Outpaces Other Global Markets
Spot propylene prices continued their strong upward movement in USA last week, leading producers to nominate hefty price increases on April contracts, as per Chemorbis. These increases have put US propylene at a premium when compared with prevailing propylene prices in other major global regions, but has so far failed to trigger propylene imports by...
Mar 23rd, 2010
Ethanol is Not the Fuel of the Future for U.S.
Tennessee Voices
The Tennessee Voices article on ethanol by Jaime Dachelet (”Ethanol provides many benefits,” March 10) reads like a free advertisement for Eco-Energy, a business that markets ethanol.
The writer, their director of public relations, dismisses as “bugaboo” any engine problems related to this form of alcohol distilled from corn.
Yet, as my friend and mechanic of...
Mar 22nd, 2010
U.S. Government Exposes Its Own Oil Supply And Demand Data To Be Completely Flawed
The Department of Energy has just released a study that found ‘critical shortcomings’ in U.S. oil inventory data.
The documents, obtained through a Freedom of Information Act request, expose several errors in the Energy Information Agency’s weekly oil report, including one in September that was large enough to cause a jump in oil prices, and a...
Mar 19th, 2010
Oil prices retreat as US dollar strengthens
NEW YORK, (Xinhua) — Oil prices dipped yesterday as the US dollar strengthened against the euro.
The dollar gained against the euro as the single currency was hit by a report saying Greece is not hopeful of receiving aid from euro zone members.
The stronger dollar pressures oil and commodity prices by making them more expensive for...
Mar 19th, 2010
Data Points to Modest Recovery, Muted Inflation in US
Labor market and consumer prices data on Thursday showed the US economy is on a moderate growth path and inflation pressures are contained, backing up the Federal Reserve’s vow to keep benchmark interest rates ultra-low for some time.
Initial claims for state unemployment benefits fell 5,000 to 457,000 last week, the Labor Department said, suggesting...
Mar 17th, 2010
U.S. Food Prices Seen up 4-5 percent
U.S. consumers can expect to pay 4 to 5 percent more for food by late this year than at the end of 2009 largely because of higher costs for such staples as beef, dairy, and pork, a Nebraska-based economist said.
“We have beef, pork, and dairy prices all increasing substantially since December, in the area of...
Mar 2nd, 2010
Loan to Kick-start U.S. Solar Thermal Industry
Federal funds could help 15 gigawatts of solar projects move forward.
A massive $1.37 billion loan guarantee that the U.S. Department of Energy granted to Brightsource Energy last week could help clear the way for over 15 gigawatts of solar projects in California, and could be the key to launching a new solar thermal industry in...
Feb 19th, 2010
Oil falls to near $78 on US dollar rally
Oil falls to near $78 in Europe as Fed emergency loans rate hike triggers dollar rally
Pablo Gorondi, Associated Press Writer, On Friday February 19, 2010, 6:56 am EST
Oil prices fell to near $78 a barrel Friday after the U.S. Federal Reserve’s unexpected hike to interest rates for emergency loans to banks boosted the dollar,...
Jan 25th, 2010
Crude Oil Dips to US$75 Levels
A Wall Street dropped for a third consecutive session, oil prices have fallen to US$74.5 on the Nymex, and to US$72.83 on the ICE Futures exchange in London. Oil prices are weakening amid ongoing concerns about weak energy demand and a third day of selloff in US stock markets.
Thursday’s report by the Energy Information...
Jan 21st, 2010
U.S. Construction Industry in Doldrums –Survey
A survey of U.S. companies that build highways, buildings and sewers found nine in 10 predicting their business will not rebound in 2010 from depressed levels, a trade group said on Wednesday.
Based on the responses of some 700 contractors across the United States, 88 percent of the firms do not expect overall conditions to improve...
Jan 20th, 2010
Rising PVC prices in Asia, USA, expected to firm up in the month ahead
Although January is generally a slow month for PVC demand in the Northern Hemisphere, PVC prices in Asia and the US have seen significant increases this month with sellers generally predicting that prices will continue to firm up, as per Chemorbis. Prices in both regions have been aided by comparatively good demand in Asia, where...
Jan 12th, 2010
OMNOVA Announces Price Increases in Textile Chemicals
OMNOVA Solutions’ Textile Chemicals business announced a price increase of up to $0.05 per wet pound for acrylic, styrene acrylic, vinyl acrylic, and vinyl acetate emulsion polymers. Also announced are price increases of up to $0.03 per wet pound for Permafresh resins.
These increases are effective January 21, 2010 for all textile markets. This announcement is...
Dec 23rd, 2009
Celanese Corp. to increase prices
Chemical company Celanese Corp. is increasing prices on certain products in the United States, Central and South America, Asia and Europe.
A spokesman for the company said “normal business justifications” prompted the company’s decision to increase prices.
In its most recent third-quarter earnings report, Dallas-based Celanese Corp. (NYSE: CE) reported that it experienced a drop in overall...
Jul 21st, 2009
Tyre Makers in Asia Raise Concerns Over Feedstock BD Surge
SINGAPORE (ICIS news)–Tyre makers in Asia have raised concerns over soaring feedstock butadiene (BD) prices, which may hamper demand recovery and impact on their fourth-quarter (Q4) contract negotiations with the styrene butadiene rubber (SBR) producers.
BD is the feedstock for SBR, which in turn is used in the manufacture of tyres for the automotive industry.
“The feedstock...