U.S. workers’ real wages declined by 0.5 percent over the last year in most manufacturing sectors due to rising energy costs, a new labor report said Monday.
The U.S. economy has been steadily improving since the 2001 recession with a 4 percent annual growth rate during the first half of the year and a record low [...]
It turned out to be a dull on Friday with volatility seeping towards evening after an overnight fall in the Asian session. The sharp downturn in bullion and base metal markets on Thursday evening was in response to key fundamental news in the US economy.
With the dumbing down of tensions in the Middle East and [...]
Occidental Petroleum Corporation announced income from continuing operations was $2.77 per diluted share for the second quarter 2006, compared with $3.63 per diluted share for the second quarter 2005. Net income for the second quarter 2006 was $857 million ($1.97 per diluted share), compared with $1.536 billion ($3.77 per diluted share) for the second quarter [...]
The Petroleum ministry has sought a Re 1 per litre excise duty cut on each litre of petrol and diesel, virtually ruling out any imminent price hike despite simmering global crude oil prices.
A letter to this effect has been written to the Finance Ministry requesting a Re 1 cut and the decision of the Finance [...]
Deputy Energy Minister, K.T. Hammond, has disclosed that prices of petroleum products in the country are not determined by crude oil prices as is being perceived by sections of the public.
He told Parliament that following government’s decision to deregulate the petroleum downstream market in 1994, pricing of petroleum products has been based on import parity.
“Product [...]
Gold headed for its first weekly decline in five as some investors bet a rally was exaggerated given the diminishing prospects for an escalation of violence in the Middle East.
“The conflict has been regionally contained,” said Wolfgang Wrzesniok, head of marketing and sales at Heraeus Metallhandels GmbH in Hanau, Germany, a gold trader and refiner. [...]
High fuel prices and renewed emphasis on energy independence could have consumers pumping gasoline made from coal in the not-too-distant future.
It’s not a pie-in-the-sky dream, researchers say, but proven technology pioneered in Germany and utilized in South Africa for more than 20 years.
Coal-to-liquid plants are now being proposed across the U.S., and West Virginia is [...]
China Shenhua Group will transfer more coal and oil assets to its listed arm, Shenhua Energy Co. Ltd. , and plans to float domestic A shares in three to five years, the China Securities Journal reported on Friday.
The group was building eight coal liquefaction plants in four northern provinces to win 30 million tonnes of [...]
Crude-oil futures tumbled for the second straight day on Tuesday — part of a broader commodity selloff that analysts ascribed to nervousness about rising inflation and interest rates.
There is also evidence that worldwide energy demand is growing more slowly and that is making the industry’s supply constraints seem less worrisome, analysts said.
A.G. Edwards & Sons [...]
