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News & Press

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Industry News
Thursday, April 3, 2014 Industry Adds to Push for Oil Exports » The reasons are twofold. The first is simple: allowing exports would drive-up demand for American oil, therefore raising p...
Thursday, April 3, 2014 Rail Trouble Took Steam Out of Coal Price Rally » The rail bottleneck adds to other problems besetting coal prodcuers. They face increasing competition from cheap natural g...
Thursday, April 3, 2014 Chinese coal firms creak under heavy debt, tumbling prices » Chinese coal prices are at 6-year lows, and miners in Inner Mongolia and elsewhere are grappling with overcapacity, sluggi...
Thursday, April 3, 2014 Drummond says it has resumed coal exports in Colombia » U.S.-based Drummond Co Inc , Colombia's second biggest coal miner, resumed exports of the fuel after an upgrade of its por...
Thursday, April 3, 2014 Indonesia Coal Output May Rise Even as Prices Decline, ICMA Says » Coal production in Indonesia, the world’s largest exporter of the power-station fuel, may exceed the government’s 2014 lim...
Thursday, April 3, 2014 Alcoa, Norsk Hydro Kicking Themselves Over Aluminum Investment in Brazil? » For two decades, the lure of high-quality bauxite and iron ore coupled with the expectation of low power costs from vast h...
Thursday, April 3, 2014 Aluminum Advances to Highest Since December Amid Supply Concern » In Brazil, aluminum companies producing at the lowest level in 12 years expect authorities to ration power supplies as a d...
Thursday, April 3, 2014 US Factory Orders Rebound 1.6 Percent in February » Factory orders rose 1.6 percent in February, the most in five months, following declines of 1 percent in January and 2 per...
Thursday, April 3, 2014 India's MRPL to raise heavy oil processing as coker starts » Indian oil refiner MRPL has started a 3 million-tonne-a-year coker unit to process more of cheaper heavy grade as it looks...
Tuesday, April 1, 2014 Japan factory output contracts, dims growth outlook as tax hike looms » Japan's factory output unexpectedly fell in February at the fastest pace in eight months, leaving the economy in a precari...
Tuesday, April 1, 2014 Employers in U.S. Boost Hiring While China Cools: Global Economy » Employers in the U.S. took on more workers in March than a month earlier and the jobless rate fell, indicating companies w...
Tuesday, April 1, 2014 Why The Crude and Condensate Pipeline Is Important To Kinder Morgan » Earlier this year, the company completed construction on a lateral pipeline that carries crude and condensate from the KMC...
Tuesday, April 1, 2014 The final tally on U.S. refiners' RIN costs » In 2013, U.S. oil refiners spent at least $1.35 billion on renewable identification number (RIN) credits, a Reuters revie...
Tuesday, April 1, 2014 U.S. crude-by-rail projects; Valero starts up Louisiana rail project » Valero Energy Corp this month started up its new offloading facility at its 205,000 barrels-per-day (bpd) St. Charles refi...
Tuesday, April 1, 2014 Phillips 66 refinery's rail extension project reopened for public comment » The Phillips 66 Santa Maria Refinery Rail Spur Extension Project envisions the delivery of crude oil by trains consisting...
Tuesday, April 1, 2014 Key units at Argentina's Campana refinery halted for maintenance » The $300 million overhaul started on March 7 and it will take up to 40 days to be completed, including a delayed coker, a...
Tuesday, April 1, 2014 Saudi JV Jubail refinery to reach full output by mid-2014 - Total » The joint venture 400,000-barrels-per-day Jubail refinery in Saudi Arabia will reach full production capacity by around mi...
Tuesday, April 1, 2014 Inalum and Antam to build USD 1.7 billion smelter » The Jakarta Post reporetd that PT Indonesia Asahan Aluminium (Inalum) and publicly listed state owned diversified miner PT...
Tuesday, April 1, 2014 Aluminium up after Alcoa cuts, copper gains on stimulus hopes » Aluminium climbed on Friday after U.S. producer Alcoa cut more capacity from an over-supplied market while copper hit its...
Friday, March 28, 2014 LME halts warehouse reform after losing court case » The London Metal Exchange (LME) will not implement reforms of its warehousing network as scheduled next month after it los...
Friday, March 28, 2014 China's Economy Under Mounting Stress » Bad news is piling up for China's economy, raising fears Beijing's financial power may not be sufficient this time around...
Friday, March 28, 2014 US consumer spending up modest 0.3 percent » Americans barely increased their spending in February following a weak January performance, strong evidence that the sever...
Friday, March 28, 2014 Rusal seeks debt deal to escape possible default » Rusal, the world's largest aluminium producer, could default on some of its multi-billion dollar debt if it fails to reach...
Friday, March 28, 2014 Alcoa to cut capacity at two aluminum smelters in Brazil » Alcoa Inc, the biggest U.S. aluminum producer, said it would cut 147,000 metric tons of capacity at two aluminum smelters...
Friday, March 28, 2014 Japan steps up shift to coal, gas amid nuclear shutdowns » Japan's utilities are again stepping up plans to increase electricity output from coal and natural gas to replace lost nu...
Friday, March 28, 2014 White House Calls for New Rules to Cut Methane Emissions » In his fight against climate change, President Barack Obama is directing federal agencies to clamp down on emissions of me...
Friday, March 28, 2014 Metallurgical Coal Benchmark Falls to Six-Year Low, Doyle Says » The benchmark coking coal contract for the second quarter fell to the lowest level in six years, portending supply cuts fo...
Wednesday, March 26, 2014 Britain Reaches Deal to Clear Trades in Chinese Currency » The Bank of England and the People’s Bank of China reached an agreement on Wednesday to allow clearing on renminbi trades...
Wednesday, March 26, 2014 U.S. Steel looking at building another electric arc furnace » U.S. Steel said in January that it was applying for permits to build an electric arc furnace to replace the blas...
Wednesday, March 26, 2014 Numsa says job loss will result from BHP Billiton’s Bayside plan » BHP Billiton and the National Union of Metalworkers of South Africa (Numsa) met for the second time on Tuesday over the pr...
Tuesday, March 25, 2014 Economist: Transport causing ‘serious logistical challenge’ for shale boom » Despite major accidents in the past year, U.S. oil companies must keep using the nation’s railroads to move crude to...
Tuesday, March 25, 2014 Houston Ship Channel partially reopens to ship traffic after oil spill » The Coast Guard partially reopened one of the nation's busiest seaports to ship traffic Tuesday, three days after a collis...
Tuesday, March 25, 2014 Manufacturers Ended 2013 With Strong Profit Growth » Manufacturing firms posted the best profit increase in two-and-half years during the fourth quarter of 2013 after a slowdo...
Tuesday, March 25, 2014 Malfunction at BP's Whiting Refinery sends oil into Lake Michigan » State and federal environmental officials were at the scene of an oil spill into Lake Michigan Tuesday morning following a...
Tuesday, March 25, 2014 Vital Houston oil tanker routes shut amid spill cleanup » The closure of major Texas shipping channels that deliver crude to more than a tenth of the nation's refining capacity was...
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