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Slowdown in developed markets to impact exporters

Published December 5, 2008, 4:04 am, Business Standard India

The slowdown in developed markets is having an adverse impact on export oriented and transnational companies. There is no doubt that the world economic outlook has turned unfavourable.

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United: Sales up, but profits down

Published December 5, 2008, 3:14 am, Warren Times Observer

United Refining Company of Warren ended fiscal year 2008 with net sales of $3.2 billion.

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High fuel prices can't keep firm out of red

Published December 5, 2008, 12:37 am, Erie Times-News

Sales figures skyrocketed for the United Refining Co. when gas prices hovered around $4 a gallon earlier this year. But company profits took a beating from crude oil prices that topped $147 a barrel.

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Gas prices near 4-year low

Published December 4, 2008, 2:29 pm, Canada.com

Canadian gasoline prices are the lowest they have been in almost four years, according to a weekly report by Calgary-based petroleum consultancy group MJ Ervin & Associates.

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QuestAir Technologies Announces 2008 Results and Outlook for Fiscal 2009

Published December 4, 2008, 8:43 am, T-Net British Columbia

Vancouver, BC, December 4, 2008--(T-Net)--QuestAir Technologies Inc. (AIM: QAR; TSX: QAR) reports its financial and operational results for the fiscal year ended September 30, 2008 ("fiscal 2008"). All amounts are in Canadian dollars unless otherwise noted.

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Rosneft Says Fourth Quarter Will Be ‘Difficult’ (Update1)

Published December 4, 2008, 4:13 am, Bloomberg

Dec. 4 (Bloomberg) -- OAO Rosneft , Russia’s biggest oil producer, said the fourth quarter will be “difficult” because revenues will be reduced by lower oil prices and a high crude export duty.

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Nippon Oil to merge with Nippon Mining

Published December 4, 2008, 3:30 am, International Herald Tribune

The two Japanese companies aim to cope better with falling prices and slowing demand.

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Rosneft Says Fourth Quarter Will Be ‘Difficult’ on High Taxes

Published December 4, 2008, 3:15 am, Bloomberg

Dec. 4 (Bloomberg) -- OAO Rosneft , Russia’s biggest oil producer, said this year’s fourth quarter will be “difficult” because earnings will be reduced by lower oil prices and a high crude export duty.

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Chevron May Sell Refineries, Valero Keeps Two

Published December 4, 2008, 3:14 am, Convenience Store News

SAN RAMON, Calif. -- Chevron Corp., the world’s fourth- largest oil company, could sell some refineries as demand for gas and diesel is cut and fuel-production margins are lower as recessions cripple world economies, Bloomberg News reported.

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UPDATE 7-Refiners Nippon Oil, Mining to merge, cut costs

Published December 4, 2008, 12:31 am, The Forex Market

TOKYO, Dec 4 (Reuters) - Nippon Oil Corp, Japan's biggest refiner, is merging with smaller Nippon Mining Holdings Inc in a move to cut capacity and costs as a global slowdown hits demand for oil products.

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