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LONDON OIL FUTURES
JOC Staff |
International Petroleum ExchangeJan. 3, 1997 Brent Crude Oil - (Dollars Per Barrel)
MAINE YANKEE CHIEF IN DEMAND \ ACTIVISTS WANT FRIZZLE AT NRC MEETING
Associated Press |
Anti-nuclear activists are concerned that outgoing Maine Yankee President Charles Frizzle may not be
GASOLINE PRICES
JOC Staff |
Jan. 3, 1997RESELLER RACK Unleaded Mid- Premium-Unlea
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Jan. 3, 1997No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 34.
OIL COULD FUEL GREENLAND'S INDEPENDENCE
Associated Press |
Greenland's unexploited oil and mineral resources could provide ''economic freedom'' that would allo
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - Jan. 3, 1997Prev. Life of Contr. Open Open High Low
SPOT PRODUCT PRICES
JOC Staff |
Jan. 3, 1996U.S. spot oil product price indications, sellers range, in cents per gallon, f.o
API WEEKLY REPORT \ US PETROLEUM PRODUCTS MIXED IN LATEST API REPORTING PERIOD
Journal Of Commerce Staff |
U.S. inventories of distillate fuel oil, used as home heating and diesel fuel, rose 2.5 million barr
DAILY PETROLEUM PRICES
JOC Staff |
Friday, Jan. 3, 1997Prevailing sellers' posted prices at the close of business, representing
DENMARK NOW NO. 1 MAKER OF WINDMILLS
Associated Press |
Denmark has become the world's largest producer of windmills, following the bankruptcy of a U.S. man
BRIEFS
From Wire and Staff Reports |
HYDRO-QUEBEC FILESPOWER PLAN WITH FERCTORONTO - Hydro-Quebec is making another bid to crack
RECOUPING LOSSES \ AT LONG LAST, FEFC MEMBERS BAND TOGETHER TO RESTORE PROFITABILITY
Janet Porter |
Cargo volumes kept growing, the ships were virtually full, and yet rates in the Europe-Asia trades s
RIPE FOR TRADE OR WAR \ CAUCASUS IS BOTH KEY OIL GATEWAY AND POLITICAL BATTLEGROUND
Journal Of Commerce Staff |
The troubled Caucasus region of the former Soviet Union is poised for explosive growth in world trad
MURKIER EUROPE WATERS \ NO EARLY END SEEN TO TACA, FEFC LEGAL TUSSLES
Janet Porter |
The muddled and sometimes contradictory regulatory environment in which liner shipping companies ope
TWO-WAY FLOW GROWS \ RAW MATERIALS, FINISHED GOODS PROVIDE BALANCE FOR MEDITERRANEAN PORT OPERATIONS
Tom Baldwin |
The matron purchasing the Georgian-style coach lamp would gasp were she to learn her latest purchase
AN FENG, KINGSTREAM TO BECOME 1
Associated Press |
An Feng Steel Co. of Taiwan and Kingstream Resources of Perth, Australia, announced plans Friday to
CHINA'S '96 COAL EXPORTS ROSE 11 PERCENT
Bridge News |
China's exports of coal for 1996 are estimated at 30 million tons, up 11 percent from a year earlier
BRIEFS
From Wire and Staff Reports |
MSAS IN JOINT VENTUREWITH MEXICAN COMPANYBURLINGAME, Calif. - Forwarding and logistics provi
JAMAICAN BAUXITE YIELD RIDES ON LABOR PEACE
Canute James |
A year of relative calm in labor relations helped to lift Jamaica's bauxite and alumina exports to t
UAE EXPECTS IRAQI OIL TO FOLLOW OPEC QUOTAS
Agence France-Presse |
Iraq will be reinstated into OPEC's quota system gradually when it is allowed by the United Nations
PEOPLE ON THE MOVE
From Wire and Staff Reports |
TOTEM RESOURCES CORP.Marc Langland was appointed to the Seattle-based company's board of dir
BRIEFS
From Wire and Staff Reports |
OFFICE LOOKS AT ASSETSOF NEW JERSEY BLUESTRENTON, N.J. - Attorney General Peter Verniero say
TRAFFIC DOWN AT ROTTERDAM \ DESPITE SLUMP, PORT RETAINS MARKET SHARE
Bruce Barnard |
Rotterdam, the world's biggest port, registered a fall in traffic in 1996 but retained its market sh
8 YEARS LATER, SHIP STILL LEAKING FUEL
Roger Atwood |
A wrecked Argentine navy ship is still leaking toxic diesel fuel into one of Antarctica's prime wild
OSHA TO INVESTIGATE SHIPYARD ACCIDENT
Associated Press |
Federal officials will investigate the shipyard accident that killed Lt. Gov. Kathleen Blanco's youn
LONGTIME MARITIME LAWYER GERALD ULLMAN DEAD AT 79
Tom Baldwin |
Longtime New York maritime lawyer Gerald Ullman, who led the fight against mandatory longshore rates
CLAIMS START TO FLOOD INSURERS' DESKS
Margo D. Beller |
Insurers expect a flood, but not a deluge, of homeowners and auto claims as the waters recede in the
CALIFORNIA AUTO RATES GO INTO REVERSE
Ron Lent |
California auto insurance rates decreased significantly in 1996 and will continue to do so in 1997,
PEOPLE ON THE MOVE
From Wire and Staff Reports |
WILLIS FABER NORTHAMERICA INC.Peter C. Hearn was appointed executive vice president of the r
ROUGH SEAS THREATEN GLOBAL SHIP FINANCING
Alan Gersten |
The global ship financing market seems calm now, but two troubling impressions have appeared on the
ROBERT PLAN UNIT BUYS NEWARK FROM ROYAL
Associated Press |
Eagle Insurance, a division of The Robert Plan, a U.S. auto insurer, has bought Royal Insurance's Ne
JOURNAL OF COMMERCE - FAST FACTS \ US TRADE BALANCES WITH NAFTA PARTNERS
Global Trade Information, Columbia, S.C. |
No text.
COST OF CREDIT
JOC Staff |
Friday, Jan. 3, 1997Percentages Per Year INTERNATIONAL INTEREST RATESCanada U.K.
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by Reuter Money Service, are selling rates among
ASIAN BORROWING SETS A RECORD IN FIRST-HALF 1996
John Zarocostas |
A surge in imports, more business with foreign banks and restrictive monetary policies led Asian cou
EXPECTATIONS OF A FED TIGHTENING WILL DRIVE DOLLAR UP, ANALYSTS SAY
Gordon Platt |
A strong economy, which implies higher interest rates, will drive the dollar higher in the weeks ahe
AIRBUS PARTNERS AGREE TO RESTRUCTURE OPERATION
Reuters |
Partners in the Airbus consortium reached a preliminary accord Friday to restructure the European pl
QUOTE TO NOTE
Jason Billings, Telecommunications analyst, SBC Warburg, |
''Every single major carrier is in there trying to get into the market, but getting concrete deals i
Maritime
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
The Center for International Business Cycle Research at |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, Jan. 12, '96 - Dec. 13, '96 (a graph)* A
EU APPLAUDS DECISION BUT WANTS MORE \ US BUSINESS GROUPS WELCOME THE MOVE
Richard Lawrence |
President Clinton's decision Friday to delay full application of U.S. economic sanctions against Cub
Maritime
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