Iran boosts LPG output by 150 tons per day

07/09/2013

The Liquefied Petroleum Gas (LPG) production unit of Fajr-e Jam gas refinery, in southern Iran, has come on stream with a projected daily output of 150 tons, the Tasnim News Agency reported.

Oil extends gains above $103 after U.S. hiring jump

07/09/2013

The price of oil extended gains above $103 a barrel Monday after a stronger-than-expected jump in U.S. hiring suggested demand for fuels will increase. Benchmark crude for August delivery was up 18 cents at $103.40 at early afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract on Friday jumped $1.98 to close at $103.22 in New York after the Labor Department reported that U.S. employers added a robust 195,000 jobs in June and many more in April and May than previously thought. The job growth suggests a stronger economy. Oil has also been pushed higher by instability in Egypt where Mohammed Morsi was ousted as president by the military l

India’s MRPL ready to resume Iran oil imports

07/03/2013

MRPL is preparing to resume oil imports from Iran, after stopping in April, having secured local reinsurance for claims of up to 5 billion rupees, its managing director said in a letter seen by Reuters.

Is 'state capitalism' killing emerging markets?

07/03/2013

BOSTON — The US economy is a rusty has-been. The future lies in nimble, dynamic emerging markets like China, Brazil and Russia.

3 reasons why we shouldn't worry about China's poor economic reports

07/03/2013

Any way you look at it, the two Chinese manufacturing reports we just got were not great.

Can one of Europe’s poorest countries change its ways?

07/01/2013

HAJMEL, Albania — Wine production has a long history in the northern region of Zadrima: The first recorded planting of its signature grape Kallmet took place in 1555.

At ASEAN, China agrees to formal talks to ease South China Sea tensions

07/01/2013

China agreed Monday to hold formal talks to resolve tensions in th South China Sea, key areas of which are disputed Southeast Asian nations.

Iran to resume cement exports to Iraq

07/01/2013

Although Iraq had announced that it will stop importing Iranian cement as of July 1, but Iran has held talks with Iraq, so that exports of cement will be resumed, the chairman of the association of Iranian cement exporters said.