Polish Refiners Downplay Shortfall Fears
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Poland's two biggest refineries scrambled Friday to reassure clients that they would experience no crude oil shortfall after a trading wing of shattered oil giant Yukos invoked a contract provision that indicates it will be unable to fulfill supply commitments to the former Soviet bloc country.
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Business & money: Â·  British Gas owner Centrica may be target of Russians Â·  Putin shrugs off warning by Blair on economic ties
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Oil futures slipped on Monday in modest profit taking from a surge late last week on jitters over Nigerian output, but losses were checked by refinery outages and signs that OPEC's supply cuts were helping drain stockpiles.
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Energy firm Centrica warns of tough conditions after higher wholesale prices but says it will meet earnings targets.
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Crude oil futures were little changed close to a one-month high on concern Russian exports will be disrupted after utilities cut some power supplies to OAO Yukos Oil Co.
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Profit was up despite a drop in production, but Shell warned that the underlying performance of its refining operations was weaker than it appeared.
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Joining the European Union has proved profitable for sugar farmers in Poland, but this could be about to change.
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Solar-wafer maker allays investor concerns of rising costs.
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Russian oil company Yukos's crippling tax debts finally forced a much-feared production cut yesterday, but its exports to Europe looked safe after it made a barter deal with the pipeline monopoly.
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Russian oil major Yukos&#39; crippling tax debts finally forced a much-feared production cut on Wednesday, but its exports to Europe looked safe after it cut a barter deal with the pipeline monopoly.
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World oil prices turned lower as Hurricane Ivan looked set to leave major coastal refineries in the United States unscathed, comforting traders nervous about supply disruptions.
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Laser manufacturer Candela's management avoids taking the easy way out to explain shortfalls.
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The household appliance maker cited strong international growth and cost controls, but sales came in shy of Wall Street expectations, hurt by a weak U.S. market.
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Garment makers in poor countries have been dismayed over the upcoming abolition of trade quotas, but the outlook is not as bleak as many experts had thought.
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World oil prices steadied today, as early supply jitters eased after a pipeline explosion in Iraq, the possibility of a production shutdown by Russian oil giant Yukos and a hurricane heading for Florida.
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Confidence among UK manufacturers has slipped in the face of slowing demand and higher costs, a survey has said. The CBI said the sector was facing &quot;clear threats&quot;, with profit margins under pressure from
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Crude oil futures were little changed after yesterday falling near a seven-week low on expectations an increase in imports and inventories will ensure US refiners have enough for winter heating oil production.