Price of Petroleum

You've got the power

The world was a better place before the global financial crisis, but it was not perfect. People may now gloss over the fact that, before the crisis, Asia was in the grips of an inflation scare. Oil prices were soaring.

Monday, 23 July, 2012, 12:00am

Another fuel price cut gives refiners hope

The central government has cut fuel prices for the third time in as many months to reflect lower crude costs, while analysts expect a long-awaited pricing reform to be rolled out later this year that would benefit loss-making oil refiners.

11 Jul 2012 - 12:00am

'Brother Fuel Price' speaks for consumers

The latest increase in the mainland's heavily regulated petrol prices has thrust a Zhejiang university student into the national spotlight.

Asked by a television reporter doing street interviews in Jiaxing how he felt about the 6 per cent rise, he replied: 'Can I use nasty words?'

Told he could not, he said that in that case he had nothing to say and walked off.

7 Apr 2012 - 12:00am

Geopolitics boost gold

Gold prices have begun firming in the past month or so, after Israel began threatening to launch air strikes against Iran's nuclear facilities.

13 Mar 2012 - 12:00am

Off with their talking heads

One of the few growth industries in these hard times is the investment punditry business, which seems to be expanding endlessly. Not a day passes without some fuss being made over an investment guru pontificating on where the markets are heading.

6 Feb 2012 - 12:00am

The commodity market bulls will run out of puff next year

For years now it has been an article of faith among brokers and a good many investors that commodity prices can only climb higher.

13 Dec 2011 - 12:00am

Consumers still confident but rising food prices are a worry, survey shows

Consumer confidence in the economy remained stable in the second quarter, at 107 points, after a sharp surge in the first quarter of this year.

That was the latest finding by the Nielsen global online survey, which scores views from 1 to 200, with a score above 100 indicating optimism.

17 Aug 2011 - 12:00am

Domestic refiners win some relief with fuel price rise

Beijing's move to raise retail fuel prices is expected to ease the pressure on domestic refiners but may still not be enough to help them sail into profit in the face of high crude prices, according to analysts.

8 Apr 2011 - 12:00am

Beijing bids for balance with fuel price rise

Oil refiner shares gained yesterday after Beijing lifted fuel prices for the first time in six months, as it sought to balance the need to keep refiners profitable and keep inflation in check amid rising crude oil prices.

27 Oct 2010 - 12:00am

Excessive optimism the biggest mistake of 2008

Normally, the word 'I' should have no place in a financial column like Monitor. But once a year I make an exception to the rule, looking back at the columns I've written over the last 12 months and seeing what I got right and where I went wrong.

19 Dec 2008 - 12:00am

Beijing poised to unveil revision of fuel pricing

Beijing is expected to unveil proposed reforms to the domestic fuel pricing system as well as levies on motorists within a few days, and introduce a long-awaited fuel tax designed to replace road maintenance charges as soon as January 1, sources said.

5 Dec 2008 - 12:00am

Big investors dump stocks axed from MSCI China Index

Several major Hong Kong-listed mainland stocks fell more than 10 per cent yesterday after fund managers made a flurry of last-minute trades to reflect a rebalancing in the MSCI China Index.

26 Nov 2008 - 12:00am

Global Bio-Chem bides time on 5b yuan project

Global Bio-Chem Technology Group, the world's largest producer of lysine, a key chemical in animal feed, says it will go slow on a 5 billion yuan (HK$5.7 billion) expansion project to take advantage of falling construction costs and to hedge its bets amid uncertain chemical market conditions.

10 Nov 2008 - 12:00am

CNOOC to pursue projects despite oil price fall

CNOOC, the mainland's dominant offshore producer of oil and gas, said third-quarter revenue jumped 69.1 per cent year on year and indicated it would maintain its plans for production and exploration in the fourth quarter despite sharply lower oil prices.

29 Oct 2008 - 12:00am


Market remains best estimate for price of oil

There are several flaws in Thomas Palley's reasoning in his article ('Speculative dangers', August 19).

29 Aug 2008 - 12:00am