Chemical News

Oil drops nearly 4% on unexpected U.S. job losses   (Jul 03,2009)

NEW YORK, July 2 - Oil prices dropped nearly 4 percent on Thursday as the United States lost more jobs in June than expected. Light, sweet crude for August delivery fell 2.58 U.S. dollars, or 3.7 percent, to settle at 66.73 dollars a ba...>>>

TSX slides on weak oil, US jobs data   (Jul 03,2009)

TORONTO, July 2 - Toronto's main stock index finished lower on Thursday as oil prices slid and a gloomy U.S. jobs report dimmed hopes for a quick economic recovery. U.S. employers cut more jobs than expected in June and the unemployment...>>>

Judge orders Chevron to halt California project   (Jul 03,2009)

HOUSTON, July 2 - A California state judge ordered Chevron Corp (CVX.N) to halt a $1 billion project aimed at expanding the types of crude oils its Richmond, California, refinery can process, a lawyer opposing the project said on Thursd...>>>

U.S. natgas rig count edges up 1 to 688 for week   (Jul 03,2009)

NEW YORK, July 2 - The number of rigs drilling for natural gas in the United States unexpectedly rose again, the second gain in seven months, according to a report on Thursday by oil services firm Baker Hughes in Houston. The report sho...>>>

Oil steady above $69 after fall on gasoline build   (Jul 02,2009)

PERTH - Oil prices were little changed just above $69 a barrel on Thursday, after falling in the previous session on data showing a larger-than-expected increase in U.S. gasoline stocks, which dented hopes of a demand recovery. The next...>>>

India's ONGC sees lower fuel subsidy burden   (Jul 02,2009)

MUMBAI, July 2 - India's state-run Oil and Natural Gas Corp's (ONGC.BO) fuel subsidy burden for the current year will be significantly lower than the previous year, if the crude prices stay around the current level,Chairman and Managing...>>>

Europe Gasoline-Drops almost 2 pct on US stock build   (Jul 02,2009)

LONDON, July 1 - European gasoline prices dropped by almost 2 percent on Wednesday towards $630 a tonne, after a larger-than-expected rise in U.S. stocks of the motor fuel dampened export expectations. The U.S. Energy Information Admini...>>>

India raises fuel prices for first time in a year   (Jul 02,2009)

NEW DELHI, July 1 - India unexpectedly raised gasoline and diesel prices by as much as 10 percent on Wednesday, its first increase this year, passing some of oil's rally into an economy just beginning to find its feet amid a global rece...>>>

Valero plans Corpus Christi heavy oil cracker work   (Jul 01,2009)

HOUSTON, June 30 - Valero Energy Corp (VLO.N) plans maintenance on a heavy oil cracker in the west plant of its 315,000-barrel-per-day (bpd) Corpus Christi, Texas, refinery, according to a notice filed on Tuesday with state pollution re...>>>

Gold drops for second session on rising dollar, weak oil   (Jul 01,2009)

CHICAGO, June 30 - Gold futures on the COMEX Division of the New York Mercantile Exchange fell for the second day on Tuesday as dollar quickly moved higher and crude oil slumped. Silver and platinum both went down, too. Gold price for A...>>>

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