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The second half of 2012-13 was a tough period for the cement industry, as cement demand plummeted and prices started to moderate. The scenario has not improved in April as well, with prices being 4-7 per cent lower on a year-on-year basis in the West,
Petrochemical firms risk creating a glut of high-end products in Asia as they invest billions of dollars to move up a value chain threatened at the bottom end by cheap US ethylene. Firms including Taiwan's Formosa Petrochemical Corp , South Korea's
After trading broadly flat through March, crude oil prices dropped sharply in early April. The price of Kuwait Export Crude (KEC) fell from a peak of $107 per barrel (pb) on April 2 to just under $100 ten days later. This was its first spell below
Today's release of March durable goods orders data did not paint a pretty picture. Total orders fell 5.7%, orders excluding transportation fell 1.4%, and nondefense capital goods orders excluding aircraft and parts (a.k.a. "core capex") grew a meager
This The price of oil fell slightly Thursday after forecasts for global oil demand were cut and U.S...The International Energy Agency lowered its expectations for global demand for crude in 2013 by 45,000 barrels a day, to 90.6 million barrels a day.
The Organization of Petroleum Exporting Countries said in its report for April that the U.S. economy was on the road to recovery. It said first quarter economic growth was around 2.5 percent to 3 percent. The cartel said, however, that the forecast
The theory, which espouses the very commonsensical view that the world's crude oil resources are finite, essentially states that at some point in the future, oil production will begin to fall and prices will rise. The last time peak oil theory
Energy Group reports that Petrobras is stepping up LNG procurement and competing with Asian buyers. In North America the gas market’s weather fixation is understandable following last winter’s heating degree day collapse...Natural Gas Markets
kicked off earnings season with in-line profits and better-than-expected revenue. The big news coming out of the report was the company's outlook for 2013. It raised its global aluminum demand growth outlook up to 7%. Even more interesting is that
At the moment it looks like oil prices may be heading for a weekly gain after losing ground the previous week. The majority of the support this week came from a growing view that the main economic and oil demand growth engine of the world ...China...