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Shanghai Daily,上海日报


Glencore cuts coal output in Australia

Mining and commodities giant Glencore Xstrata yesterday said it was reducing its coal production in Australia by 15 million tonnes amid weak global demand and oversupply....

February 28, 2015, Saturday

China raises retail oil prices

CHINA'S top economic planner today announced the retail price of gasoline would be raised by 390 yuan (US$63.7) per tonne and diesel by 375 yuan per tonne. The adjustment that will come into effect tomorrow ...

February 27, 2015, Friday

Sinopec denies rumors of merger

China Petrochemical Corp, also known as Sinopec Group, has denied reported plans of a merger with China National Petroleum Corp or China National Offshore Oil Corp....

February 27, 2015, Friday

Shanghai-HK gold link being prepared

The Shanghai Gold Exchange is preparing to link gold markets in the city and Hong Kong to strengthen China’s gold pricing power, the exchange told Shanghai Daily yesterday....

February 27, 2015, Friday

Raw materials sector seen to grow 8% in 2015

The raw materials industry in China is expected to grow around 8 percent this year, the Ministry of Industry and Information Technology said in a report on its website yesterday....

February 26, 2015, Thursday

More US oil service firms cut jobs on oil decline

THREE more US oilfield services companies, all based in the country's oil hub of Houston, on Thursday joined a list of energy firms in cutting jobs and capital spending due to plummeting crude prices. ...

February 20, 2015, Friday

Oil prices recover slightly in Asia

OIL prices climbed Friday, recovering slightly from a sell-off caused by news that US stockpiles had reached record highs, adding to worries about a global supply glut. US benchmark West Texas Intermediate ...

February 20, 2015, Friday

Oil prices retreat ahead of stockpile report

OIL prices fell Thursday ahead of the release of a closely watched report that is forecast to show a surge in US stockpiles to 33-year high, adding to a global supply glut. US benchmark West Texas Intermediate ...

February 19, 2015, Thursday

Small refiners get help to import crude

Smaller refining enterprises in China can import crude oil if they meet certain technical and environmental standards, the National Development and Reform Commission said in a website notice yesterday...

February 17, 2015, Tuesday

World gold needs fall 4% in 2014

A decline in jewelry consumption more than offset the growth in demand for gold investment and central bank buying and led to a fall in global gold consumption, the World Gold Council said yesterday....

February 13, 2015, Friday


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