Chemical Business Newsbase articles from December 2010, page 24

Chemical Business Newsbase archives from December 2010

Eastman Increases oxo alcohols prices on 1 Jan 2011.
December 13, 2010... On 13 Dec 2010, Eastman Chemical Co announced that it is increasing prices on the following products effective 1 Jan 2011 or as contracts allow. These increases are due to increased market demand and operating costs, particularly in raw...

Santen launches Diquas Ophthalmic Solution 3% for dry eye treatment in Japan.
December 13, 2010... On 13 Dec 2010, Santen Pharmaceutical Co Ltd announced the launch of Diquas Ophthalmic Solution 3% (diquafosol sodium) for dry eye treatment in Japan. The active ingredient is licensed from US company Inspire Pharmaceuticals Inc and the product...

WoodMac: 3Q 2010 oil demand sets record.
December 13, 2010... A new analysis from Wood Mackenzie Ltd showed that global oil demand will hit a record 88.3 M bbls/day in 3Q 2010. Provisional data from the report suggest that global demand for oil for the recent quarter will almost certainly surpass the...

FTC: US ethanol market still unconcentrated.
December 13, 2010... The Federal Trade Commission, in its sixth annual report, revealed that the US ethanol market remains unconcentrated, with 160 companies across the country either making ethanol or likely to be producing it in the next 18 months. The report also...

PBF unit to buy Toledo refinery from Sunoco.
December 13, 2010... Sunoco Inc has agreed to divest its 170,000 bbl/day refinery in Toledo, OH, US to Toledo Refining Co LLC for around $400 M. The refinery has the capacity of 60,000 for fluid catalytic cracking, 45,600 bbls/day for semiregenerative catalytic...

CPC Talin refinery due desulfurization unit.
December 13, 2010... Jacobs Engineering Group Inc has secured a contract from CPC Corp for a desulfurization facility at CPC's 300,000 bbl/day Talin refinery in Kaoshiung, Taiwan. The unit will be the first to integrate Jacobs Engineering Group's proprietary...

Report: imports, unconventional gas to meet surging Chinese gas demand. [1 table, 1 figure in original article].
December 13, 2010... Local suppliers plan to meet China's soaring natural gas demand through imports and unconventional gas resources. Poten & Partners, in its prewinter analysis for China's demand for natural gas for the 2010-2011 heating season, reported that...

BP updates operations in Azerbaijan.
December 13, 2010... Consortium members are planning to reduce production at the Azeri-Chirag-Gunashli (ACG) oil field in the Azerbaijan part of the Caspian Sea to 850,000 bbls/day in 2011 from the predicted 854,000 bbls/day in 2010, according to a BP PLC official....

Braskem launches new thermopolymers to replace imported resins.
December 13, 2010... Braskem has recently launched two new thermopolymers- Symbios 4102 and Symbios 3102, strengthening the portfolio in the bioriented polypropylene (BOPP) and PP film segments. Thanks to this innovation, the Brazilian market now has a national...

Reichhold announces price increase on all products for European composites industry.
December 13, 2010... Reichhold announces a EUR 100/tonne price increase effective for all orders shipped on or after 17 Jan 2011 in Europe. Key raw material prices have continued to rise in 4Q 2010 beyond Reichhold's ability to absorb which prompted price increase -...

Normin acquires Kirk.
December 13, 2010... Normin AS has taken over Kirk AS, Norway, which specializes in pest control products. Via its Danish daughter company Trinol AS, Normin has collaborated with Kirk for a number of years. Normin is a leading producer of premixes, and mineral and...

Korea's SK opens Polish PU plant.
December 13, 2010... South Korean firm SK Group has finished building a new polyurethanes (PU) facility within the special economic zone of Dzierzoniow in southwestern Poland. Plant output will be primarily sold to South Korean automotive and Russian and European...

Compounder KibbeChem announces nanoclay alliance.
December 13, 2010... Applied Minerals Inc has inked a development and masterbatch manufacturing deal with KibbeChem Inc, a compounder and supplier of foaming agents based in Elkhart, IN, USA. Under the agreement, KibbeChem will toll manufacture a new line of...

Helix Biopharma announces 1Q 2010-2011 results.(Financial report)
December 13, 2010... Helix BioPharma Corp announced financial results for 1Q ended Oct 2010. The Company recorded a loss of $3.563 M or $0.06/common share, resulting in an increased loss of $90,000 when compared to 1Q 2009-2010. The Company recorded a loss of $3.473...

Enzo Biochem announces 1Q 2010-2011 results.(Financial report)
December 13, 2010... Enzo Biochem Inc reported improved sequential results for 1Q ended Oct 2010, the result of recent programmes to reduce expenses, consolidate activities and expand operations. Total revenues for 1Q 2010-2011 increased to $25.7 M, ($25.2 M in 1Q...

China Pharmaceuticals Inc announces results for 3Q 2010.(Financial report)
December 13, 2010... China Pharmaceuticals Inc announced results for its 3Q ended Sep 2010. The company's quarterly report on Form 10-Q was filed on 15 Nov 2010, with the US Securities and Exchange Commission. The company recorded $7,884,881 in total revenue and net...

Cel-Sci Corp announces 2009-2010 financial results.(Financial report)
December 13, 2010... Cel-Sci Corp reported financial results for the year ended Sep 2010. Cel-Scis net income for 2009-2010 was $10.48 M, or $0.04/share (loss of $40.9 M, or $0.31/share for 2009-2009). Cel-Sci reported an operating loss for 2009-2010 of $18.560 M...

India needs geotextiles for infrastructure projects.
December 13, 2010... Demand for technical textiles in India is growing at 11%/y. Growing potential is seen in geotextiles in particular. The expansion of the road and rail network could heat up demand. It is estimated that the geotextiles market has a value of Rup...

Ukraine: oligarch to take over state company Titan Ukrainy.
December 13, 2010... Billionaire Dmitro Firtasch apparently wants to take control of the titanium business in the Ukraine. According to provisional information he has offered more than $2 bn for a majority stake in state holding Titan Ukrainy. If one takes account...

US: Dyckerhoff earns less because of writedown.
December 13, 2010... Dyckerhoff will earn less in 2010 because of a writedown at a joint venture in the US. The writedown on the book value of the fixed assets of the Oglesby cement plant in Illinois will reduce after-tax profits in 2010 by EUR 48.3 M. Production at...

Shell sells Texan gas fields for $1.8 bn.
December 13, 2010... Shell has sold gas fields in southern Texas to a subsidiary of US oil company Occidental for around $1.8 bn. The deal is to be completed at the beginning of 2011. Shell is to sell assets worth $7-8 bn in 2010 and 2011. The fields sold to...

India: Gujarat Foils Ltd and Rusal planning alumina project.
December 13, 2010... Gujarat Foils Ltd and Rusal want to erect a 1 M tonnes/y alumina refinery and a 500,000 tonnes/y aluminium smelter in Gujarat state. Investment of Rup 140 bn (EUR 2.3 bn) is planned.

Japan: Sojitz Corp secures access to rare earths.
December 13, 2010... Japanese trading house Sojitz Corp is to enter into a partnership with Australian company Lynas Corp to export rare earths to Japan. Under an agreement, Sojitz will market 80,000-90,000 tonnes of rare earths in Japan in the next 10 years. Sojitz...

More than a medical stab in the dark. Roche expands the range of personalised pharmaceuticals.
December 13, 2010... The research pipeline of Swiss Roche Group shows that personalised medicine is gaining in importance. This is good news for patients and opens up the opportunity for Roche to reduce its development costs. One of the few pharmaceuticals in this...

Biofuels: new renewable diesel expands global output.
December 13, 2010... The supply of a new breed of renewable diesel derived from animal fats and vegetable oils is increasing with the startup of new manufacturing plants in 2010. One of these plants is Neste Oil's 800,000 tonne/y (725,760 tonne/y) renewable diesel...

Petrochemicals: Dow boosts ethane cracking in USA.
December 13, 2010... Dow Chemical plans to expand its US Gulf ethane-cracking capacity by as much as 30% through 2014, to take advantage of the region's low-cost natural gas supply. At present, ethane makes up 55% of the raw materials Dow utilized to make ethylene....

New and generic drug approvals: Oxymorphone Hydrochloride Extended Release Oral Tablet, Actavis. [2 tables in original article].
December 13, 2010... On 13 Dec 2010, the US Food and Drug Administration announced approval of ANDA 079046 for Oxymorphone Hydrochloride Extended Release Oral Tablet. The product contains oxymorphone hydrochloride at 7.5mg or 15mg, is manufactured by Actavis, and is...

New and generic drug approvals: Prezista Oral Tablet, Tibotec.
December 13, 2010... On 13 Dec 2010, the US Food and Drug Administration announced approval of NDA 021976 (efficacy supplement with clinical data to support) for Prezista Oral Tablet. The product contains darunavir ethanolate at 75mg, 150mg, 300mg, 400mg, or 600mg,...

New and generic drug approvals: Promethazine Hydrochloride Oral Tablet, Amneal Pharms. [3 tables in original article].
December 13, 2010... On 13 Dec 2010, the US Food and Drug Administration announced approval of ANDA 091179 for Promethazine Hydrochloride Oral Tablet. The product contains promethazine hydrochloride at 12.5mg, 25mg, or 50mg, is manufactured by Amneal Pharms, and is...

Univar launches innovative European coatings laboratory.
December 13, 2010... Univar has announced the launch of an innovative European coatings laboratory. The new laboratory has been established by upgrading and extending the services, scope and reach of the existing UK facility in Middlesbrough. In the new laboratory,...

Dow Jones Indexes and The Global Fund launch the Dow Jones Global Fund 50 Index.
December 13, 2010... Dow Jones Indexes is launching a new index, in collaboration with the Global Fund to Fight AIDS, Tuberculosis and Malaria, which will help generate resources for the Global Fund's work. The Dow Jones Global Fund 50 Index measures the performance...

Rhodia announces new powders to challenge the limits of plastics parts manufacturing.
December 13, 2010... Rhodia is announcing the upcoming launch of polyamide (PA) powders for rapid prototyping and small series manufacturing by selective laser sintering (SLS). This is the first time that PA 6 powders are offered for direct part fabrication by SLS....

Synthetic biology injecting new life into the chemical industry.
December 13, 2010... A new, living synthetic microorganism created by The J Craig Venter Institute's (JCVI) in a laboratory, a first in scientific history, has fuelled interests on the use of synthetic biology in the chemical industry. Designer organisms such as...

FMC to shutter Spanish phosphates plant.
December 13, 2010... FMC will shut down its phosphates facility in Huelva, Spain by end-2010, following a Spanish judicial decision preventing Foret from adding gypsum to storage stacks near the Huelva facility after 31 Dec 2010. FMC Foret has challenged the...

DuPont targets 12% profit growth through 2015.(Financial report)
December 13, 2010... DuPont anticipates earnings per share to total $3.30-3.60/share in FY 2011, on sales of $33-34 bn. Thomson One reported analyst consensus estimates of $3.45/share and revenue of $33.42 bn, for the company. On 9 Dec 2010, DuPont's shares slid...

Nalco forms chemical and services jv with Lukoil.
December 13, 2010... A jv named OOO Kogalym Chemicals Plant has been established by Nalco and oil company Lukoil in Kogalym, Russia, to supply chemicals and services in western Serbia. The jv will be majority-held by Nalco, and will raise its production from 4000...

Lion Chemical sells Excel Polymers to Hexpol.
December 13, 2010... Hexpol has acquired US-based Excel Polymers from private equity company Lion Chemical Capital for $220 M. Excel manufactures elastomers and performance additives. The acquisition will make Hexpol one of the world's major merchant elastomer...

Air Products ups bid.
December 13, 2010... Air Products has increased its bid price for Airgas by around 7% to $70/share. Airgas will review the new offer, which will be the best and final bid according to Air Products. Airgas put its value at no less than $78/share.

Methyl iodide approved.
December 13, 2010... Methyl iodide, a fumigant produced by Arysta LifeScience and used as a methyl bromide substitute, will be registered by the Department of Pesticide Regulation in California, USA with the 'most stringent restrictions in the nation.' Methyl iodide...

CPI investing in Brazil.
December 13, 2010... A total of $75-100 M will be invested by Corn Products International (CPI) to expand its Brazilian ingredients business. The capital will be used for capacity expansion and development of additional ingredient applications.

Polyone exits jv with BMS.
December 13, 2010... PolyOne has exited its US polyurethane specialities jv, BayOne Urethane Systems, by selling its 50% stake to its partner Bayer MaterialScience. PolyOne drew in profit of $2.2 M from the jv in Jan-Sep 2010.

Exxon adds at Antwerp.
December 13, 2010... ExxonMobil Chemical is increasing hydrocarbon fluids capacity at its Antwerp site by 10%, for startup by mid-2011.

Cefic confirms slowdown in European chemicals output.
December 13, 2010... Cefic has confirmed its previous projection that chemical production growth in Europe will lose pace in 2011, compared with the 2010 level. The group predicts that the European Union's chemical output, excluding pharmaceuticals, will increase...

Europe okays BASF purchase of Cognis.
December 13, 2010... BASF's acquisition of Cognis' assets in Hythe, UK for EUR 3.1 bn ($4.1 bn) has been approved by the European Commission. The approval is subject to several conditions, including the unloading of businesses with aggregate sales 'significantly...

DSM sale approved.
December 13, 2010... The European Commission has approved US private equity Sun Capital Partners' proposed acquisition of DSM's Special Products subsidiary. The DSM subsidiary will be combined with Sun Capital's Emerald Performance Materials, based in the USA. DSM...

Sabic Plastics project.
December 13, 2010... Sabic has inked contracts to construct a 43,000 sq m plastics application development centre at Techno Valley in King Saud University, Saudi Arabia. The new facility will support Sabic's efforts to expand its new product portfolio, particularly...

Rhodia closes deal.
December 13, 2010... Rhodia has finalized its previously announced purchase of Chinese amines and surfactants maker Feixiang Chemicals, after Chinese officials approved the acquisition. Feixiang will be incorporated with the Novecare business unit of Rhodia. The...

Arkema to buy Total's coating and photocure resins units.
December 13, 2010... Arkema plans to purchase the coating resins and photocure resins businesses of Total for a EUR 550 M ($736 M) enterprise value. The proposed deal would strengthen Arkema's acrylics business and make the company a dominant player in the coating...

BASF and Ineos combine styrenics businesses. [1 table in original article].
December 13, 2010... BASF and Ineos have reached an agreement to merge their styrenics businesses into an equally-owned jv, named Styrolution. The new entity, which will be headquartered in Frankfurt, Germany, will have sales of more than EUR 5 bn ($6.7 bn). A cash...

Dow to up ethane capability, mulls fractionator jv options.
December 13, 2010... Dow Chemical will ramp up its ethane cracking capacity in the US Gulf Coast by 20-30% through 2012-2013, and is evaluating jv options for construction of a natural gas liquids (NGL) fractionator to secure supply of ethane. The company intends to...

Harima to acquire Momentive's ink and adhesives resins business.
December 13, 2010... Momentive Specialty Chemicals has agreed to divest its global ink and adhesives resins business to Japanese pine-based chemicals company Harima Chemicals and Mitsubishi Chemical, for $120 M. The Momentive business generated revenues of $278 M in...

Wacker investing $1.5 bn to build integrated polysilicon site.
December 13, 2010... Wacker Chemie will construct an EUR 1.1 bn ($1.5 bn) integrated facility to produce polysilicon at a site near Cleveland, TN, USA. Dubbed Poly 11, the site is Wacker's biggest single project to date, and its development will be partly financed...

Chemical demand improvement set to continue in 2011.
December 13, 2010... ACC, in its 2010 Year-End Situation and Outlook, forecasts continued demand growth for chemicals in 2011, with chemical production poised to climb 5% globally and in the USA. Global chemical output is projected to grow 5.4% in 2011 and 5.1% in...

GPCA 2010: demand rebounds but supply additions still loom.
December 13, 2010... Global petrochemicals demand has recovered more strongly than anticipated in 2010, driven mainly by emerging economies, led by Asia and India. However, significant capacity additions in the Middle East are expected to pressure naphtha cracking...

Albemarle, Petrobras to build Brazilian catalyst plant.
December 13, 2010... Albemarle and Petrobras have entered into an agreement to construct a hydroprocessing catalyst (HPC) manufacturing facility at the site of Fabrica Carioca de Catalisadores SA in Santa Cruz, Brazil. Brazil and South America are rapidly growing...

ICL offers to buy Miracle-Gro's speciality fertilizer unit.
December 13, 2010... Israel Chemicals Ltd (ICL) has offered to buy Scotts Miracle-Gro's Global Professional speciality fertilizers business for $270 M. The acquisition covers facilities in the USA, the Netherlands and the UK and three peat mines in the UK. ICL...

Aramco joint venture with Dow will proceed soon at Jubail.
December 13, 2010... Saudi Aramco and Dow Chemical will push through with their plans to develop a global-scale petrochemical jv at Jubail, Saudi Arabia. To save costs, the project was moved to Jubail from Ras Tanura. The jv project is estimated to cost about $20 bn...

BASF seeks expansion in dispersions and pigments.
December 13, 2010... BASF aims to grow its dispersions and pigments division faster than the four other divisions within BASF's performance products segment. The company is undertaking a previously announced restructuring of the company's pigments portfolio,...

Mitsui Chemicals announces seven-year business plan.
December 13, 2010... Mitsui Chemicals's newly announced business plan for 2011-2017 includes a goal to boost operating profits by fourfold to approximately Yen 150 bn in 2017 from a forecast Yen 35 bn ($417 M) for the year ending 31 Mar 2011 and a plan to reduce the...

China extends antidumping measures on chloroform from the EU, Korea, and USA.
December 13, 2010... China's Ministry of Commerce has extended for another four years starting 30 Nov 2010 the country's antidumping duties for chloroform coming from the European Union (EU), Korea, and the USA. The original antidumping measures were in effect from...

China, Taiwan aim for more cooperation.
December 13, 2010... The China Petroleum and Chemical Industry Federation has asked the petrochemical sectors of China and Taiwan to improve their petrochemical trade collaboration to maximize production, marketing and logistics networks. The countries' respective...

Sasol builds comonomers plant at Lake Charles.
December 13, 2010... Sasol is set to begin construction of a commercial-scale ethylene tetramerization facility at its site in Lake Charles, LA, USA, in 2011. Full operation is anticipated by mid-2013. The unit, which will convert ethylene to octene-1 and hexene-1,...

BASF and Petronas study joint specialities investment in Malaysia.
December 13, 2010... BASF and Petronas have agreed to jointly study the feasibility of co-owning and co-running global-scale manufacturing facilities for nonionic surfactants, methanesulfonic acid, isononanol, and other C4-based speciality chemicals in Malaysia. The...

Lummus awarded contract for olefin facilities in China.
December 13, 2010... CB&I's Lummus Technology subsidiary has secured a licensing and engineering design contract for Liaoning Tongyi Petrochemical's grassroots OCT olefins conversion facilities and Catofin propane dehydrogenation facilities to be built at the...

SAFC Hitech to build precursors production plant in Taiwan.
December 13, 2010... SAFC Hitech plans to construct a plant in Kaohsiung, Taiwan to make light-emitting diode and silicon semiconductor precursors. The unit, which is anticipated to start up by late-2011, will boost the firm's capability to serve the Asian market.

Evonik adding PMMA capacity at joint venture in Taiwan.
December 13, 2010... Evonik Industries and AU Optronic will boost production capacity at their polymethyl methacrylate (PMMA) jv in Taichung, Taiwan, Evonik Forhouse Optical Polymers, to 85,000 tonnes/y to meet increasing demand for flat-screen monitors. The...

Global solvent growth muted by environmental impacts.
December 13, 2010... Environmental and toxicological issues caused a continued decline in the use of specific solvents, such as aromatics and chlorinated solvents, according to SRI Consulting. Demand growth for aromatics, methylene chloride, trichloroethylene and...

Sued-Chemie, Ashland foundry chemicals JV begins operations.
December 13, 2010... Partners Sued-Chemie and Ashland have commenced operations of their foundry chemicals jv, ASK Chemicals. ASK Chemicals consists of their 50-50 jv Ashland-Suedchemie-Kernfest, as well as Sued-Chemie's Foundry Products and Specialty Resins...

Arsenal Capital Partners buys Royal Adhesives & Sealants.
December 13, 2010... USA-based private equity firm Arsenal Capital Partners has ventured into the adhesives and sealants sector by acquiring Royal Adhesives & Sealants from Quad-C Management. Royal, which maintains operations in South Bend and Wilmington, CA,...

Bluestar adds silicones capacity.
December 13, 2010... Bluestar Silicones has brought onstream a new manufacturing line for silicone fluids at its Santo Andre facility in Brazil. The new plant will allow Bluestar to meet double-digit domestic demand growth per year for silicone fluids. Meanwhile,...

Novozymes opens R&D centre.
December 13, 2010... Novozymes has inaugurated a new research & development (R&D) centre and office at Whitefield in Bangalore, India. Scientists at the new centre will conduct protein engineering activities for the company's global requirements.

New York firm buys TCS plant.
December 13, 2010... New York, USA-based trichlorosilane (TCS) producer SunSi Energies has purchased a 60% interest in Wendeng He Xie Silicon, which owns a 20,000 tonne/y TCS plant in Weihai, China. The partners plan to expand the capacity of the TCS facility to...

Prices rising on supply tightness and growing demand.
December 13, 2010... Olefin prices in North America are moving upward in Dec 2010 due to snug supply and increasing demand. The prices of polymer-grade propylene (PGP) rose approximately $0.03/lb to around $0.59-0.60/lb in early Dec 2010. Dec 2010 contract...

Dow boosts PG capacity.
December 13, 2010... Dow Chemical completed in Aug 2010 during a scheduled maintenance a project to raise the nameplate capacity for monopropylene glycol (PG) at its Stade, Germany site by 35,000 tonnes/y, or approximately 15%, to around 270,000 tonnes/y.

US soda ash production falls amid low producer inventories.
December 13, 2010... US production of natural soda dropped 10% in Sep 2010 to 828,000 tonnes over the Aug 2010 levels, according to the US Geological Survey. The average seasonal decline for soda ash production was around 5% during 2006-2009. The industry saw an 18%...

The pace quickens. [4 figures in original article].
December 13, 2010... GDP expanded 2.5% in 3Q 2010, beating analysts' initial forecasts, on higher consumer spending, an increase in exports and a drop in imports as well as a 1.2% hike in final sales. A significant increase in inventories contributed about half the...

Young children in developing globe receive accelerated access to Pfizer's Prevenar 13 vaccine.
December 12, 2010... Pfizer Inc announced that Prevenar 13 (Pneumococcal polysaccharide conjugate vaccine [13-valent, adsorbed]) was introduced into the first childhood immunisation programme for pneumococcal disease (PD) in the developing globe under the auspices...

NKTR-102 demonstrates significant efficacy as single-agent in second- or third-line treatment in metastatic breast cancer patients.(Clinical report)
December 12, 2010... Nektar Therapeutics announced positive results from a Phase II clinical study evaluating single-agent NKTR-102 in patients with metastatic breast cancer during the 33rd Annual CTRC-AACR San Antonio Breast Cancer Symposium (SABCS). NKTR-102, a...

Stem cells turned into complex, functioning intestinal tissue in lab.
December 12, 2010... For the first time, scientists have created functioning human intestinal tissue in the laboratory from pluripotent stem cells. In a study posted online 12 Dec 2010 by Nature, scientists from Cincinnati Childrens Hospital Medical Center say their...

Intercell provides update on clinical trials for the patch-based Travelers Diarrhoea vaccine.(Clinical report)
December 12, 2010... Intercell AG announced preliminary clinical results on its investigational Travelers Diarrhoea (TD) Vaccine Patch programme and the decision not to pursue further the development of this vaccine candidate. The decision was made following the...

Intercell provides update on clinical trials for the patch-based travelers' diarrhoea vaccine.(Clinical report)
December 12, 2010... On 12 Dec 2010, Intercell AG announced preliminary clinical results on its investigational Travelers' Diarrhoea (TD) Vaccine Patch program and the decision not to pursue further the development of this vaccine candidate. The decision was made...

Goa Carbon signs pact with Hong-Kong's Sinoway.
December 12, 2010... Goa Carbon Ltd has tied up with Hong-Kong-based Sinoway International Holdings Ltd to form a 51:49 joint venture company in Hong Kong. The Joint venture firm will invest about $50 M to set up a calcined Petroleum Coke manufacturing plant in...

More node negative patients surviving breast cancer: findings reported at 2010 San Antonio Breast Cancer Symposium.(Clinical report)
December 11, 2010... Stephen Jones, MD, medical director for US Oncology Research, co-chair of the US Oncology Breast Cancer Research Committee, and physician at TX Oncology-Dallas, participated in the Tamoxifen Exemestane Adjuvant Multinational (TEAM) study that...

IEA raises oil demand outlook.
December 11, 2010... Global oil demand will be higher than expected in 2011, the International Energy Agency said on 10 Dec 2010. The agency, which advises 28 industrialised countries, upped its forecast for 2011 to 130,000 bbls/d to 1.32 M bbls/d. The revision...