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News & Press

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Industry News
Monday, March 24, 2014 Houston ship lane may reopen on Mon; Exxon cuts output » Exxon said production at its 560,500 barrel per day Baytown, Texas, refinery had been cut on Monday due to the closure of...
Monday, March 24, 2014 BPCL plans Rs 2,800 cr expansion at Bina refinery » India's second-largest oil marketing company Bharat Petroleum Corporation Limited (BPCL) plans to invest around Rs 2,800 c...
Monday, March 24, 2014 Citgo Corpus Christi Said to Begin Plant Restart by March 25 » The refinery has been shut since the first week of February for work that included repairs on the crude unit at the East p...
Monday, March 24, 2014 TABLE-Indian oil refiners processed 3.2 pct more in Feb vs yr ago - govt » Indian refiners processed 3.2 percent more oil in February than a year earlier, the first rise in five months, government...
Monday, March 24, 2014 Phillips 66 Considering Splitter at Sweeny Refinery » Phillips 66 (PSX) is considering building a condensate splitter at its Sweeny refinery in Texas that could...
Monday, March 24, 2014 Consumer Spending in U.S. to China Manufacturing: Global Economy » American consumer spending probably continued to recover in February from the slump caused by colder temperatures and snow...
Monday, March 24, 2014 Euro Zone’s Economy Is Still Ailing, but Improving » Even with the fourth-quarter improvement, the number of people working in most euro zone countries is well below the level...
Monday, March 24, 2014 Thermal coal prices to drop further on oversupply amid weak demand » Reuters reporetd that thermal coal prices are likely to fall in 2014 as mining output increases in an already oversupplied...
Monday, March 24, 2014 Coal plants challenged by natural gas, tough regulations » By 2020, about 60 gigawatts of coal-fired electric-generating capacity — enough to power an estimated 48.5 milli...
Monday, March 24, 2014 Coal plants challenged by natural gas, tough regulations » By 2020, about 60 gigawatts of coal-fired electric-generating capacity — enough to power an estimated 48.5 milli...
Monday, March 24, 2014 EIA projects more coal-fired power plant retirements by 2016 than have been scheduled » Coal-fired power plants in the United States have been under significant economic pressure in recent years because of...
Monday, March 24, 2014 Specialty markets for Bakken crude » Those sweet crude qualities make it a desirable product for use in many refineries. http://bismarcktribune.com/bakke...
Monday, March 24, 2014 Steel input costs fall globally but stay firm in India » While coking coal fell to $98-100 a tonne on Thursday from $132-134 a tonne on January 1, iron ore sof...
Monday, March 24, 2014 Coal Sliding as Australian Flood Boost Lost in Drought: Energy » The drought across most of Australia’s Queensland state means coal producers are exporting record volumes into an oversupp...
Monday, March 24, 2014 European refiners hit by diesel deficit, gasoline glut » Europe’s biggest wave of refinery shutdowns since the 1980s will probably last through the end of the decade, de...
Thursday, March 20, 2014 Russia January-February Steel Output 1.2% Down on Year » Russia's steel output in January-February fell by 1.2% compared with the same period in 2013, following lower demand on th...
Thursday, March 20, 2014 China Feb refinery throughput up 5.26 pct on yr - stats bureau » China's refinery crude throughput rose 5.26 percent in February from a year earlier to 40.17 million tonnes, data from the...
Thursday, March 20, 2014 Environmental groups file lawsuit against coal export facility in Plaquemines Parish » Environmental groups filed a federal lawsuit in New Orleans on Tuesday against United Bulk's coal export facility in Pla...
Wednesday, March 19, 2014 JPMorgan Selling Physical Commodities Business » JPMorgan is selling its physical commodities business for $3.5 billion to the energy and commodities trading company Mercu...
Wednesday, March 19, 2014 Aluminum Futures Will Return to CME » The new contract will allow aluminum producers and consumers to lock in prices ahead of time and give investors an opportu...
Wednesday, March 19, 2014 U.S. CEOs Expect Slow Economic Growth, Scant Hiring » Chief executives at major U.S. companies are forecasting another year of tepid economic expansion and limited payroll grow...
Wednesday, March 19, 2014 China’s Crude Processing Rises to Record as New Refineries Start » China refined a record amount of crude last month as new plants owned by PetroChina Co. and Sinochem Group began...
Wednesday, March 19, 2014 Russia's Rosneft says no plans to cut activity in Ukraine » Russia's top crude producer Rosneft has no plans to cut its activity in Ukraine, the company said on Wednesday. http://in...
Tuesday, March 18, 2014 US Factory Output Rose in Feb. by Most in 6 Months » U.S. factory output rebounded strongly in February after harsh winter storms caused a steep drop-off in production in Janu...
Monday, March 17, 2014 China widens yuan trading band to 2% from 1% » China's central bank loosened its grip on the yuan on Saturday by doubling the daily trading range for the currency, addin...
Monday, March 17, 2014 China reconsiders carbon tax, citing Australia's planned repeal » China is reconsidering plans for a carbon tax as local air pollution trumps concerns over climate change and some rich na...
Monday, March 17, 2014 Mexico's Pemex mulls crude imports, more exports to India, Japan » Mexico's Pemex PEMX.UL is considering crude imports to boost local refinery output, but at the same time, it expects to se...
Monday, March 17, 2014 CSX Optimistic About Domestic Coal Business, Power Plant Closures May Affect Demand » CSX Corporation, a leading freight railroad in the eastern U.S., is optimistic about its domestic coal business ...
Monday, March 17, 2014 World’s fifth largest cement producer reaffirms confidence in Egypt » Italy’s Italcementi Group, the world’s fifth largest cement producer, reaffirmed its confidence in the Egyptian market des...
Friday, March 14, 2014 OPEC production surges as Iraq pumps most in 35 years » Iraqi crude output jumped by 530,000 barrels a day to 3.62 million, driven by upgraded infrastructure in the coun...
Friday, March 14, 2014 IEA raises 2014 oil demand estimate as world economy recovers » Oil demand will be higher in 2014 than previously estimated as global economic growth recovers, the Inte...
Friday, March 14, 2014 Crude oil shipments up 83 percent on US railroads » The number of carloads of crude oil U.S. railroads delivered last year surged 83 percent over 2012 as concerns about the s...
Friday, March 14, 2014 Mayor Emanuel Announces Crack Down on Pet Coke Dust by Requiring Facilities to Fully Enclose Harmful » The new regulations require that facilities that store pet coke, coal, and other forms of coke to fully enclose their stor...
Thursday, March 13, 2014 Chevron warns California carbon rules will make gasoline too costly » Pending California carbon regulations could make it too expensive to operate refineries in the most populous U.S. state, d...
Thursday, March 13, 2014 China's Jan-Feb economic activity cools to multi-year lows » China's economy slowed markedly in the first two months of the year, with growth in investment, retail ...
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