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China Iron Ore Demand Hit Record 51 million tones in March
China’s iron ore imports surged to a new record in March, its transportation ministry said on Wednesday, the latest sign of tumbling spot prices and relatively strong domestic demand in the world’s largest steel producer.
Oil rises above $58 on heating oil, gas futures
Oil prices rose above $58 Monday as cold weather heading into the East drove up heating oil and natural gas futures and a government report showed a surprise jump in U.S. industrial output.
Light, sweet crude for December delivery gained 60 cents to $58.20 a barrel on the New York Mercantile Exchange.
New Coal-Fired Power Plants Not Recommended
A ban on new coal-fired power plants has been left out of recommendations by the 2020 summit despite widespread support among environment delegates.
Federal Climate Change Minister Penny Wong cited a lack of consensus in not including a moratorium on building plants which did not capture and store carbon.
Stream participant Tanya Ritchie pushed for its inclusion [...]
China Hopes to Produce 193Mt of Oil and 92Bcm of Natural Gas by 2010
China aims to produce 193 million tonnes of oil and 92 billion cubic metres of natural gas by 2010, according to an energy blueprint released by the National Development and Reform Commission (NDRC) on April 10.
While the target represents a mere 5% growth in oil output compared to last year, or 2.12% in annual growth, [...]
Big Oil to discuss key energy challenges
With dwindling oil supplies, pollution concerns and the ever-present threat of gas prices soaring again, talk of new and better ways to fuel our cars, heat and cool our homes, and power our factories has never been greater. What’s more, the conversation is emanating increasingly from a source that’s been surprisingly quiet until recently — [...]
India’s steel industry steps onto world stage
Tata Group’s new status as the world’s fifth-largest steel firm signals a milestone for the Indian economy.
There was much jubilation in India when the Tata Group, an Indian conglomerate, won a bid late last month for the Corus Group, an Anglo-Dutch steel firm. The deal catapulted the new global entity to become the world’s fifth-largest [...]
Oil companies discuss energy challenges
When some of the industry’s top executives gather in Houston next week to discuss global energy challenges, finding new and more effective ways to produce oil and gas — as well as alternatives to fossil fuels — will dominate the discussion.
And, as the year progresses, expect to see industry leaders — including the chiefs [...]
Global warming heats up
Global warming still can be a tough sell in coal-mining Southwest Virginia.
“This area is slow to come,” William E. Davis admitted yesterday by phone. He said he had done only about a half-dozen training sessions, some with only one person.
But the Abingdon man is optimistic.
“There’s more of a movement within the last 30 days, since [...]
INTERVIEW: Canada’s Falcon Oil and Gas confident of viability of giantHungarian gas resource
Canadian exploration firm Falcon Oil and Gas believes that natural gas resources in its Mako concession area in Southern Hungary, estimated to hold enough gas to possibly meet Hungary’s consumption needs for decades, are economically recoverable despite the “unconventional” nature of the field, Falcon Oil and Gas Chairman and [...]
