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News & Press

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Industry News
Thursday, March 13, 2014 India coal imports jump 20 pct in Feb as prices dip-OreTeam » India's coal imports jumped 20 percent year-on-year in February to 11.6 million tonnes as prices dipped and the rupee stre...
Thursday, March 13, 2014 Colombia expects Drummond coal exports to resume March 24 » Colombia's government said on Tuesday it expected its second biggest coal miner, U.S.-based Drummond Co Inc, to...
Wednesday, March 12, 2014 Michigan DEQ meets with Residents concerned about pet coke » It likely will be several months before the state Department of Environmental Quality makes any decision about a permit...
Tuesday, March 11, 2014 Drilling Surge in Permian Drives U.S. Oil Rigs to Record » Hydraulic fracturing and horizontal drilling have unlocked shale deposits of oil from North Dakota to Texas,...
Tuesday, March 11, 2014 ALSCON to cut losses while aluminium production is suspended » The management of the Aluminium Smelter Company of Nigeria (ALSCON) says it is taking steps to cut down losses while alumi...
Monday, March 10, 2014 Official: Canadian oil won’t hurt ND production » The director of the North Dakota Pipeline Authority says proposed increases of crude from Canada’s oil sands likely won’t...
Monday, March 10, 2014 Indonesia relaxes coal output cap as miners aim for volumes » A government official said that Indonesia will allow coal production in 2014 to match last year’s levels, pulling back fro...
Monday, March 10, 2014 Kuwait Petroleum eyes stake in IOC's Paradip refinery » Kuwait Petroleum Corp (KPC) is in talks with Indian Oil Corp (IOC) for taking a stake in the state-owned firm's Rs 29...
Monday, March 10, 2014 Reliance to shut refining units for maintenance in March » India's largest private oil refiner Reliance Industries Ltd plans to shut one of its four crude distillation units (CDU) f...
Friday, March 7, 2014 U.S. Economy Adds 175,000 Jobs, and Unemployment Rate Ticks Up to 6.7% » Still, the latest figures for hiring were down from the average of 189,000 over the last 12 months and fell a bit short of...
Friday, March 7, 2014 GLOBAL ECONOMY-Service sectors strengthen globally, but slow in U.S. » Service sectors around the globe mostly strengthened last month with Germany leading the way, although ha...
Friday, March 7, 2014 BP to ramp up Whiting heavy crude processing sharply » The company told an investor presentation in London that the refinery, which is currently processing 350,000 barrels per d...
Thursday, March 6, 2014 China steel output near peak, say executives, in bad news for miners » Chinese steel output, which hit 779 million tonnes last year, is now close to its peak, with the market weakenin...
Thursday, March 6, 2014 Low prices forcing aluminium smelters in China to cut output - trade » China's aluminium smelters are likely to shut about 2 million tonnes of operating capacity in the coming months as they tr...
Thursday, March 6, 2014 Shipping industry optimistic about rebound in freight rates this year » Shipping companies are expecting a sooner-than-expected rebound in the freight markets this year on the back of increasing...
Tuesday, March 4, 2014 Chevron wins ruling in Ecuador case » A federal judge on Tuesday blocked U.S. courts from being used to collect a $9 billion Ecuadorean judgment against ...
Tuesday, March 4, 2014 EPA Finalizes Fuel and Car Standards » The EPA today finalized emission standards for cars and gasoline to cut volatile organic compounds and nitrogen oxides b...
Tuesday, March 4, 2014 (0 Comments - view/add) Global factory growth stumbles as demand falters » Manufacturers across Europe and Asia changed down a gear last month as falling demand from abroad hurt Chinese output and...
Tuesday, March 4, 2014 China official PMI hits eight-month low, adds to slowdown signs » Activity in China's factory sector slowed to an 8-month low in February, a government survey showed, reinforcing signs of...
Tuesday, March 4, 2014 Turning Away From Coal » Power companies are increasingly switching to natural gas to fuel their electricity plants, driven by low prices and forec...
Tuesday, March 4, 2014 Fourth-quarter economic growth cut to 2.4 percent » Fourth-quarter economic growth was revised down sharply Friday to 2.4 percent as new data show that consumers opened their...
Monday, March 3, 2014 Key Trends Impacting Global Refining Margins » This was primarily due to industry overcapacity amid sluggish demand and higher crude oil prices. http://www.fo...
Monday, March 3, 2014 Shale-Oil Boom Spurs Refining Binge » American refiners are set to add at least 400,000 barrels of oil-refining capacity a day to existing plants between now an...
Monday, March 3, 2014 Bechtel's ThruPlus® Coking Technology Selected for Croatian Refinery » Bechtel has signed a license agreement with INA Industrija Nafte, d.d. for the process design of a delaye...
Monday, March 3, 2014 Brazil economy ends 2013 on an upbeat note, boosting Rousseff » Gross domestic product expanded 0.7 percent in the fourth quarter compared to the third quarter, government statistics i...
Monday, March 3, 2014 RusAl Wants to Make Indonesia its Regional Alumina Production Hub » RusAl is now looking at Indonesia to replace the lost smelting capacity. http://www.themoscowtimes.com...
Thursday, February 27, 2014 Canadian crude now moving through Keystone XL’s southern leg » The Keystone XL southern leg has delivered its first barrels of Canadian oil to the Texas coast, even though the project s...
Thursday, February 27, 2014 Dream of US oil independence slams against shale costs » Just a few of the roadblocks: Independent producers will spend $1.50 drilling this year for every dollar they ge...
Thursday, February 27, 2014 Rail projects boosting oil flow to California refineries » The Western U.S. may bring 500,000 barrels of light oil by rail a day in 2015 as the region’s refiners seek to replace shr...
Thursday, February 27, 2014 (0 Comments - view/add) Steel Production Slips as China Output Falls - Analyst Blog » The steel industry started the year on a sluggish note with global crude steel output slipping in January as declines acro...
Thursday, February 27, 2014 Michigan agency says petcoke not dangerous to health; will host open house » Petroleum coke has no detrimental health effects beyond many other industrial sources or materials, according to finding...
Thursday, February 27, 2014 Winter weather has broad effects on petroleum markets » The sustained cold weather that overtook much of the United States during January and February increased demand for space...
Thursday, February 27, 2014 Delek US Holdings Reports Fourth Quarter and Full-Year 2013 » In December 2013, planned turnaround work was done on some units including the diesel hydrotreater and coker. This work wa...
Thursday, February 27, 2014 'Zombie' coal plant caught in the middle as FERC, N.Y. spar over market rules » A federal-versus-state regulatory tiff has broken out here over new market rules that could result in the reopening of a c...
Wednesday, February 26, 2014 (0 Comments - view/add) China's Central Bank Engineered Yuan's Decline » China's central bank engineered the recent decline in the country's currency to shake out speculators as it prepares to...
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