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News & Press

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

Industry News
Wednesday, August 7, 2013 U.S. refineries are expanding their diesel-production capacity, not so much for truckers in the U.S » http://www.cnbc.com/id/100943620
Wednesday, August 7, 2013 It involves installation of a delayed coker unit and revamping of existing hydro cracker unit along » http://www.business-standard.com/article/companies/chennai-petroleum-lines-up-rs-4-000-cr-for-expansion-113080600595_1.html
Wednesday, August 7, 2013 China's oversupply of aluminium is likely to escalate in the second half of 2013 as more new capaci » http://www.reuters.com/article/2013/08/07/china-aluminium-idUSL4N0G724L20130807
Wednesday, August 7, 2013 The cuts are part of the company's plan to streamline its operations to help return the smelter to » http://www.stuff.co.nz/business/industries/9009999/More-jobs-to-go-in-smelter-revamp
Tuesday, August 6, 2013 Rigs targeting oil and natural gas in the U.S. gained for the fifth straight week to the highest le » http://fuelfix.com/blog/2013/08/02/energy-rigs-in-u-s-cap-longest-streak-of-gains-in-two-years/
Tuesday, August 6, 2013 India, the world’s third largest coal user, increased imports of the fuel by 48% in June. » http://www.coalguru.com/india_other_region/india_coal_imports_increase_48pct_in_june/11788
Tuesday, August 6, 2013 Growth in China's non-manufacturing sector picked up in July as Beijing's recent support measures f » http://in.reuters.com/article/2013/08/03/china-economy-pmi-idINL4N0G400M20130803
Tuesday, August 6, 2013 United Co. Rusal, the world’s biggest aluminum producer, said elevated premiums are supported by de » http://www.businessweek.com/news/2013-08-05/rusal-says-aluminum-premiums-to-stay-high-as-lme-tackles-backlog
Tuesday, August 6, 2013 Chevron Corp (CVX.N) posted on Friday a steeper-than-expected 26 percent drop in quarterly profit o » http://www.reuters.com/article/2013/08/02/us-chevron-earnings-idUSBRE9710LX20130802
Tuesday, August 6, 2013 Royal Dutch Shell Plc (RDSA) missed earnings estimates by the most since 2008 after oil theft in Ni » http://www.bloomberg.com/news/2013-08-01/shell-quarterly-profit-drops-20-on-nigerian-output-disruptions.html
Monday, August 5, 2013 Oil explorers focused on high-margin shale drilling from Texas to North Dakota are set to outperfor » http://www.bloomberg.com/news/2013-08-04/shale-explorers-outperforming-international-oil-titans.html
Monday, August 5, 2013 State-owned Engineers India Ltd today said it has bagged a Rs 670 crore contract from Chennai Petro » http://www.business-standard.com/article/companies/engineers-india-bags-rs-670-cr-contract-113080500493_1.html
Monday, August 5, 2013 South Africa needs to invest as much as 90 billion rand ($9 billion) in new coal mines to supply po » http://www.bloomberg.com/news/2013-08-05/south-africa-power-plants-seen-at-risk-of-coal-shortfall-by-2015.html
Monday, August 5, 2013 he London Metal Exchange and Goldman Sachs Group Inc. have been named as co-defendants in a U.S. cl » http://news.yahoo.com/legal-challenge-starts-lme-goldman-aluminum-storage-135622071.html
Monday, August 5, 2013 Workers of the Aluminium Smelter Company of Nigeria (ALSCON) have accused its Russian managers, UC » http://leadership.ng/news/040813/russian-firm-dismantling-alscon-workers
Monday, August 5, 2013 A $100 million rail-to-barge oil terminal that Tesoro Corp plans to build at a port in Washington w » http://www.reuters.com/article/2013/08/02/tesoro-rail-crude-idUSL1N0G313N20130802
Monday, August 5, 2013 A U.S. steel industry group has asked the government trade representative to intervene to protect d » http://www.reuters.com/article/2013/08/02/steel-trade-usa-idUSL6N0G324E20130802
Monday, August 5, 2013 China's steel output is expected to rise 9 percent from a year ago to a record high of about 780 mi » http://www.reuters.com/article/2013/08/02/china-steel-idUSL4N0G322Y20130802
Monday, August 5, 2013 Output of coal in Russia went up 1.3% in the period of January through to July 2013 compared with t » http://indrus.in/news/2013/08/02/russias_coal_exports_up_almost_12_in_6_months_27931.html
Friday, August 2, 2013 Companies such as Royal Dutch Shell Plc (RDSA) and China National Petroleum Corp. are starting to d » http://www.bloomberg.com/news/2013-07-31/china-fracking-quake-prone-province-shows-zeal-for-gas.html
Friday, August 2, 2013 Russia, the world’s biggest oil producer, increased crude and condensate production by 1 percent in » http://www.bloomberg.com/news/2013-08-02/russia-s-oil-output-rises-to-near-most-since-soviet-era.html
Friday, August 2, 2013 The Organization of Petroleum Exporting Countries will curb shipments by the most in seven months a » http://www.businessweek.com/news/2013-08-01/opec-to-cut-exports-by-most-in-seven-months-oil-movements-says
Friday, August 2, 2013 U.S. refiner Tesoro Corp on Thursday reported a lower quarterly profit after refinery maintenance h » http://www.reuters.com/article/2013/08/01/tesoro-results-idUSL1N0G218G20130801
Friday, August 2, 2013 PBF Energy’s top officer declared the company’s second-quarter earnings “disappointing” on Thursday » http://www.delawareonline.com/article/20130802/NEWS/308020036/Higher-costs-hurting-PBF-Energy
Friday, August 2, 2013 Exxon Mobil Corp. reported a dramatic fall in profit Thursday, down to its lowest level in three ye » http://www.dallasnews.com/business/energy/20130801-irving-based-exxon-mobil-s-profit-falls-to-lowest-level-since-2010.ece
Friday, August 2, 2013 CBC reported that the Manitoba government is going ahead with a plan to ban coal and petroleum coke » http://www.coalguru.com/other_region/manitoba_to_ban_coal_and_petroleum_coke_to_cut_emissions/11685
Friday, August 2, 2013 Goldman Sachs Group Inc. (GS) offered to speed up delivery of aluminum to users of the metal and pr » http://www.bloomberg.com/news/2013-07-31/goldman-sachs-offers-aluminum-to-clients-stuck-in-queue.html
Friday, August 2, 2013 Ormet Corp said it is beginning immediately on Thursday to shut down half of the existing operation » http://www.reuters.com/article/2013/08/01/ormet-idUSL1N0G218120130801
Friday, August 2, 2013 Some of the western world's top oil companies abandoned output targets and missed profit forecasts » http://www.chicagotribune.com/business/sns-rt-us-oil-results-20130801,0,6372021.story
Friday, August 2, 2013 Marathon Petroleum Corp and rival U.S. oil refiners are betting on new pipelines and higher volumes » http://in.reuters.com/article/2013/08/01/westernrefining-results-idINL4N0G22Q920130801
Friday, August 2, 2013 Marathon Petroleum Corp.'s MPC -3.16% second-quarter profit slid 27% as higher expenses weighed on » http://www.marketwatch.com/story/marathon-petroleum-net-down-27-on-higher-expenses-2013-08-01
Thursday, August 1, 2013 TransCanada Corp., the country’s second-biggest pipeline operator, plans to go ahead with a C$12 bi » http://www.bloomberg.com/news/2013-08-01/transcanada-to-proceed-with-c-12-billion-pipeline-to-east-coast.html
Thursday, August 1, 2013 China’s edict to more than 1,900 companies to shut excess production capacity by September is the l » http://www.malaya.com.ph/index.php/news/international/37365-china-plan-to-trim-plant-capacities-has-little-impact
Thursday, August 1, 2013 China offered a rare bright spot in an otherwise sluggish Asian manufacturing sector in July with a » http://www.reuters.com/article/2013/08/01/global-economy-idUSL4N0G12JW20130801
Thursday, August 1, 2013 The euro-area unemployment rate remained unchanged in June amid increasing signs the economy is eme » http://www.businessweek.com/news/2013-07-31/euro-region-unemployment-remains-unchanged-as-economy-improves
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