based product developed by Saudi Aramco is compatible with existing engine technology.
For R&DC, this marks the first step toward becoming a leading force in research and development of future fuels for transportation.
“As a next step, the Saudi (...)
member delegation toured Saudi Aramco facilities in Dhahran, including the Oil Supply Planning & Scheduling (OSPAS) Center and the Saudi Aramco Oil Exhibit. The delegates also visited the Shaybah oil producing facilities deep in the Rub' al-Khali (...)
market report, gaining $1.29 to settle at $81.50 on the New York Mercantile Exchange. Gold for May delivery rose $2.10 to $1,135.20 an ounce.
The Dow Jones industrial average rose 122.06, or 1.2 percent, to 10,556.20. Twenty-eight of the (...)
month high early in the session before retreating.
The Dow Jones industrial average rose 30.01, or 0.3 percent, to 9,539.29. Twenty-one of the index's 30 components rose, led by Boeing, J.P. Morgan Chase, United Technologies, and Travelers (...)
day slump in crude has brought the contract's decline to over $16. The U.S. dollar rose slightly against the euro and the yen, as European Union inflation concerns mounted, especially in Germany.
The Dow Jones industrial average rose 49.91, or 0.4 (...)
time high of $119.90 a barrel late on Tuesday. A Saudi analyst has predicted that the oil prices will touch the $150-mark by the end of the year that will increase the inflation rate heavily. Adjusted for inflation, oil is now above the $101.70 peak (...)
mentioned prices will be reviewed every five years but will remain unchanged for ten years for any consumer who have signed a long-term contract with Saudi Aramco, effective the date of signing his contract, said the Cabinet. The statement added (...)
than-expected demand growth.
On Nasdaq, chip maker Intel Corp. climbed 0.5 percent to $23.92 and Cisco Systems Inc., whose equipment helps direct Internet traffic, rose 0.7 percent to $17.42 after Smith Barney added the companies to its focus (...)
quarter profit declined 39 percent, as earnings at its largest business, mortgage banking, fell by two-thirds.
But shares of video game publisher THQ Inc. were up nearly 16.5 percent to $26.62, a day after it said quarterly profit doubled, beating (...)
producing U.S. Gulf of Mexico in September.
"Imports are back at comfortable levels so any concerns about crude availability have been dissipated considerably," said Jim Ritterbusch, President of Ritterbusch and Associates.
The U.S. crude build (...)