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News & Press

Read about recent events, essential information and the latest industry news.

Industry News
Monday, August 26, 2013 More bricks in the global recovery wall are likely to slot into place in a week that could also yie » http://www.reuters.com/article/2013/08/25/us-economy-global-weekahead-idUSBRE97O0CH20130825
Monday, August 26, 2013 China's economy is showing clear signs of stabilization, helped by policy support and some improvem » http://www.reuters.com/article/2013/08/26/us-china-economy-idUSBRE97P00R20130826
Monday, August 26, 2013 Consumer spending probably rose for a third consecutive month in July as improvements in the housin » http://www.bloomberg.com/news/2013-08-25/consumer-spending-probably-climbed-in-july-u-s-economy-preview.html
Monday, August 26, 2013 Oil prices rose on Friday, led by gasoline futures following news of a major unit shutdown at an ea » http://www.cnbc.com/id/100982718
Friday, August 23, 2013 China is on track to become the world’s largest importer of oil, likely drawing most of its supplie » http://fuelfix.com/blog/2013/08/20/china-set-to-be-no-1-consumer-of-middle-east-oil/
Friday, August 23, 2013 Oil production in Texas’s Eagle Ford shale formation rose 60 percent in June from the same month th » http://fuelfix.com/blog/2013/08/22/eagle-ford-crude-production-jumps-over-year/
Friday, August 23, 2013 Higher oil and gas production and improvements in the resulting effect on the environment has helpe » http://fuelfix.com/blog/2013/08/23/unconventional-oil-and-gas-making-u-s-more-secure/
Friday, August 23, 2013 The global benchmark price of crude oil will fall through the end of 2013, as the United States con » http://fuelfix.com/blog/2013/08/22/global-oil-price-will-decline-through-end-of-2013-eia-forecasts/
Friday, August 23, 2013 Public sector oil major, Indian Oil Corporation Ltd (IOCL) will spend over Rs 8,000 crore towards b » http://petcokes.com/Lists/News/NewForm.aspx?RootFolder=%2FLists%2FNews&Source=http%3A%2F%2Fpetcokes%2Ecom%2FLists%2FNews%2...
Friday, August 23, 2013 The 325,000-barrel-a-day crude unit, stopped since an Aug. 17 fire damaged a hydrocracker that norm » http://www.bloomberg.com/news/2013-08-22/motiva-port-arthur-crude-unit-said-to-stay-shut-as-barges-scarce.html
Friday, August 23, 2013 Vedanta Aluminium Ltd (VAL) has sought extension of SEZ (Special Economic Zone) benefits for its 1. » http://www.business-standard.com/article/companies/vedanta-seeks-sez-benefits-for-aluminium-smelter-113082200864_1.html
Friday, August 23, 2013 Instead of relying on “one-dimensional cost cutting,” taking advantage of energy and automotive opp » http://triblive.com/business/headlines/4572185-74/steel-longhi-company#axzz2cnpuSSRF
Friday, August 23, 2013 With the slide in rupee hitting raw material costs, steel companies could be forced to go in for a » http://articles.economictimes.indiatimes.com/2013-08-22/news/41437428_1_price-hike-jayant-acharya-cost-hike
Friday, August 23, 2013 The near-term outlook for the steel industry is likely to remain unfavourable due to factors like » http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/steel/near-term-outlook-for-steel-industry-may-re...
Thursday, August 22, 2013 Chinese manufacturing resumed expansion this month after shrinking the most in almost a year in Jul » http://www.bloomberg.com/news/2013-08-22/china-manufacturing-index-increases-in-sign-economy-stabilizing.html
Thursday, August 22, 2013 China's manufacturing slowdown stabilized in August in another possible sign the world's second-lar » http://www.thejakartapost.com/news/2013/08/22/survey-shows-china-manufacturing-slump-stabilizing.html
Thursday, August 22, 2013 (Reuters) - The biggest U.S. oil refinery could shut its main crude distillation unit for up to thr » http://www.reuters.com/article/2013/08/21/us-refinery-repairs-motiva-portarthur-idUSBRE97K15D20130821
Thursday, August 22, 2013 Motiva Enterprises LLC’s Port Arthur, Texas, refinery will take two to six weeks to repair a hydroc » http://www.businessweek.com/news/2013-08-21/motiva-port-arthur-said-to-shut-hydrocracker-up-to-six-weeks
Thursday, August 22, 2013 Not so long ago India was celebrated as an economic miracle. In 2008 Manmohan Singh, the prime mini » http://www.economist.com/news/leaders/21583994-indias-economy-its-tightest-spot-1991-now-then-answer-be-bold-how
Thursday, August 22, 2013 Euro zone economic activity this month reached its highest level in more than two years as manufact » http://www.nytimes.com/2013/08/23/business/global/euro-zone-economy-shows-further-signs-of-growth.html?_r=0
Thursday, August 22, 2013 State-owned Indian Oil Corporation (IOC) will invest about Rs. 8,000 crore to expand capacity at it » http://www.thehindu.com/business/Industry/ioc-to-invest-rs-8000-crore-in-koyali-refinery-expansion/article5044922.ece
Thursday, August 22, 2013 Motiva Enterprises LLC’s refinery in Convent, Louisiana, was forced to shut a crude unit after an A » http://www.bloomberg.com/news/2013-08-21/motiva-convent-refinery-said-to-shut-crude-unit-after-pump-fire.html
Thursday, August 22, 2013 YPF SA, Argentina’s state-owned energy company, said its next shale oil and gas partnership will be » http://www.bloomberg.com/news/2013-08-21/argentina-prepares-china-shale-deal-to-boost-gas-reserves.html
Thursday, August 22, 2013 Refinery production in 15 European Union countries plus Norway was at 10.877 million barrels per da » http://www.brecorder.com/markets/equity/europe/132273-european-july-refinery-output-drops-51pc-on-year-euroilstock.html
Thursday, August 22, 2013 Indian refiners processed 5.1 percent more oil in July than a year earlier at about 4.53 million ba » http://in.reuters.com/article/2013/08/22/india-refinery-output-idINL4N0GN1AP20130822
Thursday, August 22, 2013 China's coal imports, excluding lignite, rose 26 percent in July from the previous month after two » http://uk.reuters.com/article/2013/08/21/china-trade-coal-idUKL4N0GM0NN20130821
Thursday, August 22, 2013 China's coal output and sales both declined in the first seven months of 2013, statistics from the » http://www.chinadaily.com.cn/bizchina/chinadata/2013-08/20/content_16906355.htm
Thursday, August 22, 2013 A cargo ship carrying 47,650 tonnes of coal has broken apart a few hundred metres off of South Afri » http://news.yahoo.com/more-20-rescued-coal-ship-runs-aground-off-075853740.html
Thursday, August 22, 2013 The country imported 137.56 million tonnes of coal in the last financial year while there was an in » http://articles.economictimes.indiatimes.com/2013-08-19/news/41425379_1_coal-production-pratik-prakash-bapu-domestic-produ...
Thursday, August 22, 2013 Coking coal traffic at major Indian ports went up 13 per cent in the April-July period to 11.2 mill » http://www.business-standard.com/article/markets/coking-coal-imports-up-13-in-april-july-period-113082000825_1.html
Tuesday, August 20, 2013 Oil production in North Dakota soared to a record 24.6 million barrels in June, a 24 percent jump f » http://fuelfix.com/blog/2013/08/17/shale-gas-and-oil-production-soaring-in-2013/
Tuesday, August 20, 2013 Global crude steel output rose 2.7% on the year in July, buoyed by strong output from China and the » http://online.wsj.com/article/BT-CO-20130820-704894.html
Tuesday, August 20, 2013 China's average daily crude steel output bounced up 2.7 percent to 2.140 million tonnes between Aug » http://in.reuters.com/article/2013/08/20/china-steel-output-idINB9N0EG01D20130820
Tuesday, August 20, 2013 Ormet Corp is negotiating with its equity owner for additional liquidity to keep remaining aluminum » http://www.reuters.com/article/2013/08/19/ormet-idUSL2N0GK1NR20130819
Tuesday, August 20, 2013 A fire at the largest oil refinery in the United States has knocked out more than half of its outpu » http://in.reuters.com/article/2013/08/19/refinery-operations-motiva-portarthur-idINL2N0GK0HU20130819
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