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API WEEKLY REPORT
JOC Staff |
Thousands of Barrels Week Week WeekEnded Ended Ended3-29 3-22
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange Apr. 3, 1991Brent Crude Oil - (Dollars Per Barrel)-
IND. FIRM HOPES TO INTEREST RAILS IN USED-TIRE BACKHAULS
Kevin Commins |
An Indiana company that is building a used-tire recycling plant is negotiating with railroads to dev
JAPAN AGAIN WILL URGE STEPS TO CUT BIG US FISCAL DEFICIT
A.E. Cullison |
Japanese Prime Minister Toshiki Kaifu will press for prompt action to reduce the massive U.S. fiscal
ADEQUACY OF COAST GUARD INQUIRY INTO FATAL SHIP FIRE QUESTIONED
Bruce Vail |
The Coast Guard waited five weeks before inspecting the scene of the worst U.S. merchant marine acci
BRAZIL BLASTS DECISION BY BANK TO BLOCK LOAN
Wire Reports |
Brazil said Tuesday that a decision by the Inter-American Development Bank (IDB) to block a $350 mi
THE ECONOMY
Wire and Staff Reports |
MANUFACTURING PROFITS FELL IN FOURTH QUARTERAfter-tax profits of U.S. manufacturers fell to
FUND HELPED US FIRMS GAIN MARKETS IN JAPAN
Mark Magnier |
Although Orien Ventures is currently putting together a fund that plans to use U.S. capital and know
FINANCIAL BRIEFS
Wire and Staff Reports |
BIG FRENCH BANK SIGNS CREDIT PACT WITH IRANFrance's major state-owned bank, Banque Nationale
SOME GET WINDFALL AS SOVIETS SLASH TOURIST RUBLE RATE
(Reuter) |
Soviet authorities slashed the tourist exchange rate for convertible currencies nearly fivefold on W
TAIWAN TO ALLOW ADDITIONAL INDIRECT INVESTMENT IN MAINLAND
Knight-Ridder Financial |
Taiwan is to allow more indirect investment in China but will only partially open its market for sem
Maritime
AUSTRALIA SLASHES TARIFFS TO BE MORE COMPETITIVE
Vincent W. Stove |
Australia has adopted an unprecedented trade liberalization policy to make its commodities, particul
Maritime
OAKLAND TO RAISE RATES, REVAMP PRICING SYSTEM
Allen R. Wastler |
The Port of Oakland will increase the rates it charges ship lines unloading goods at its docks by 8.
Maritime
FLORIDA OFFERS UNITED TAX INCENTIVES TO OPEN MAINTENANCE UNIT IN MIAMI
Adam Yeomans |
State officials are offering United Airlines hefty tax incentives in an effort to persuade the carri
SUPREME COURT CLARIFIES DEFINITION OF SEAMAN AS ONE DOING SHIP'S WORK
Robert J. Attaway |
Supreme Court decisions on maritime matters this term seem more prominent than in a long time. The c
Maritime
UK'S SUN ALLIANCE REPORTS LOSS OF $320 MILLION IN 1990
Journal of Commerce Special |
U.K. multi-lines insurer Sun Alliance Group PLC announced a 1990 pretax loss of 180.9 million ($320
PROGRESSIVE COMPANIES FIND THAT WORKER SUGGESTIONS PAY OFF
ROSE DeWOLF |
The National Association of Suggestion Systems has a suggestion for U.S. employers: Ask your employe
*SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,420-$1,430 per ton lots & in warehouse min. 99.
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of Apr. 3, 1991 Prices in the spot chemicals table include spot quotations or list prices
GORBACHEV SET TO MEET WITH MINERS
From Wire Reports |
Soviet President Mikhail S. Gorbachev was expected to meet with coal miners' leaders Wednesday to tr
US APPAREL MAKERS SPLIT OVER MEXICAN TRADE PACT
Pei-Tse Wu |
For Julius Katz, deputy U.S. trade representative and a key negotiator for a proposed U.S.-Mexico fr
FEEBLE UNEMPLOYMENT REPORT COULD PROMPT FED TO EASE
Sean Price |
The Federal Reserve could lower interest rates again, possibly as soon as Friday, if the March U.S.
EAST-WEST JOINT VENTURES SOAR BUT SIZE OF INVESTMENTS SMALL
John Zarocostas |
The number of foreign investment registrations in the six former East bloc economies increased fourf
Maritime
RESULTS LESS GLITTERING AT JEWELRY SHOW
P.T. Bangsberg |
The end of the gulf war could stimulate overseas demand for jewelry, especially in the United States
Maritime
CORRECTION
JOC Staff |
''Depth Limitation to Cut New Orleans Container Traffic," a story on Page 1B of The Journal of Comme
Maritime
ENERGY BRIEFS
Wire and Staff Reports |
CHEVRON TO CLOSE ALASKA REFINERYChevron U.S.A. Inc. will close its refinery at Nikiski, Alas
WATERMAN SEEN RELUCTANT TO DISCUSS FATAL SHIP FIRE
Bruce Vail |
In the wake of the worst U.S. merchant marine accident in eight years, the shipping company involved
Maritime
MASS. MEDICAL SOCIETY SUPPORTS MALPRACTICE INSURANCE REFORM
TOM McNIFF Jr. |
The Massachusetts Medical Malpractice Underwriting Association, says it won't need a premium hike fo
METLIFE MOVING 1,200 EMPLOYEES TO NJ TOWNSHIP
Brigitte Maxey |
New Jersey, here we come! More than 1,200 employees will move from their Metropolitan Life Insurance
MAJOR ISSUES IN US-JAPAN TRADE
Journal of Commerce Staff |
The U.S. trade deficit with Japan was $41.1 billion last year, down 19 percent from 1989. Japan is t
TAIWAN TO PURCHASE BEANS FROM ARGENTINA
Knight-Ridder Financial |
Taiwanese grain buyers are cautious about their first purchases of Argentine soybeans in many years
EVERGREEN ORDERS 3 BOXSHIPS FOR GLOBAL SERVICE
Erich E. Toll |
A unit of Taiwan's Evergreen Group ordered three new containerships that will replace smaller ships
TRADE WON'T TOP BUSH-KAIFU AGENDA
John Maggs |
There will be little substantive discussion of trade issues at a meeting today between President Bus
POLAND WON'T POSE THREAT TO MOSCOW
Knight-Ridder Financial |
Poland does not want to risk threatening the Soviet Union by joining a European security system that
Maritime
USDA ATTACHE PREDICTS CLIMB IN INDIA COTTON PRODUCTION
Knight-Ridder Financial |
Although the Indian cotton advisory board has again reduced its estimate of 1990 cotton output, an a
CHINESE MAY ACQUIRE BIGGER STAKE IN HONG KONG BOXPORT OPERATOR
P.T. Bangsberg |
Further changes are in store at Hong Kong's containerport, in part, it's believed, because of unease
Maritime
US CRUDE OIL INVENTORIES INCREASE IN WEEK, API SUPPLY BULLETIN SAYS
Journal of Commerce Staff |
U.S. crude oil inventories rose by 6.7 million barrels during the week ended March 29 compared with
FMC SUSPENDS SHIPPER ID PART OF CONSOLIDATOR BONDING RULES
WILLIAM DiBENEDETTO |
The Federal Maritime Commission indefinitely suspended a requirement in interim freight consolidator
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Apr. 3, 1991 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
SPOT PRODUCT PRICES
JOC Staff |
Apr. 3, 1991 U.S. spot oil products price indications, sellers range, in cents per gallon, f
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