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News & Press

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

Industry News
Monday, May 13, 2013 China’s crude processing fell to the lowest level in eight months in April as refineries shut units » http://www.businessweek.com/news/2013-05-13/china-oil-refining-falls-to-eight-month-low-power-output-gains
Monday, May 13, 2013 U.K. construction output fell to its lowest level in more than 14 years in the first quarter as wor » http://www.businessweek.com/news/2013-05-10/u-dot-k-dot-construction-fell-to-lowest-since-1998-in-first-quarter
Monday, May 13, 2013 Australian thermal coal benchmark prices inched up slightly this week as enquiries from top importe » http://www.reuters.com/article/2013/05/10/coal-asia-idUSL3N0DR26720130510
Monday, May 13, 2013 BHP Billiton Ltd. (BHP), the world’s biggest exporter of steelmaking coal, may face a drop in contr » http://www.businessweek.com/news/2013-05-12/coking-coal-contracts-seen-slipping-to-record-low-survey-shows
Monday, May 13, 2013 Phillips 66 (PSX) shut down some units and decreased production on others Saturday after a power ou » http://www.foxbusiness.com/news/2013/05/11/phillips-66-has-power-outage-at-sweeny-refinery-filing/
Friday, May 10, 2013 Gasoline on the spot market in California weakened as Royal Dutch Shell Plc (RDSA)’s Martinez refin » http://www.bloomberg.com/news/2013-05-09/san-francisco-gasoline-weakens-as-shell-martinez-restarts-coker.html
Friday, May 10, 2013 Manufacturing output, which accounts for 7pc of the UK economy, rose by 1.1pc, following a 0.7pc in » http://www.telegraph.co.uk/finance/economics/10046007/Manufacturing-helps-UK-industrial-output-jump-in-March.html
Friday, May 10, 2013 Up to half of the coal companies in Ordos, one of the major domestic coal producing regions in the » http://www.chinadaily.com.cn/business/2013-05/10/content_16489733.htm
Friday, May 10, 2013 Saudi Aramco’s 400,000 barrels per day (bpd) Yanbu refinery has come back online after nearly two-m » http://english.alarabiya.net/en/business/economy/2013/05/10/Cleaner-Saudi-Yanbu-refinery-back-online.html
Thursday, May 9, 2013 U.S. crude inventories probably rose from a 82-year high as domestic output remained near the most » http://fuelfix.com/blog/2013/05/08/crude-supplies-climb-from-82-year-high-in-analyst-survey/
Thursday, May 9, 2013 Officials in the North Carolina county that's home to a closed Alcoa Inc. aluminum smelter are weig » http://www.businessweek.com/ap/2013-05-06/nc-county-may-end-alcoa-dam-licensing-fight
Thursday, May 9, 2013 German industrial production unexpectedly rose for a second month in March in a further sign that E » http://www.bloomberg.com/news/2013-05-08/german-industrial-production-unexpectedly-gains-for-second-month.html
Wednesday, May 8, 2013 Vale SA, the world's biggest iron ore miner, hopes to boost sales to the U.S. steel industry, which » http://www.reuters.com/article/2013/05/07/vale-us-steel-idUSL2N0DO27A20130507
Wednesday, May 8, 2013 India's coal imports rose by nearly a third to a record 135 million tonnes in the last fiscal year, » http://www.reuters.com/article/2013/05/08/india-coal-imports-idUSL3N0DO2XD20130508
Tuesday, May 7, 2013 Australia's central bank cut its key interest rate by 25 basis points on Tuesday to a record low of » http://www.cnbc.com/id/100713302
Tuesday, May 7, 2013 Kinder Morgan Energy Partners LP is expanding its Sweeny Lateral pipeline running between the Kinde » http://www.ogj.com/articles/2013/05/kmep-expanding-crude-lateral-to-sweeny-refinery.html
Tuesday, May 7, 2013 Exxon Mobil Corp said on Monday that the crude distillation unit would be included in a multi-week » http://www.brecorder.com/business-a-finance/industries-a-sectors/118252-exxon-says-overhauling-la-refinery-crude-unit.html
Monday, May 6, 2013 India's NALCO may have to cut its daily aluminium output by 25 percent due to coal supply shortages » http://www.reuters.com/article/2013/05/05/india-nalco-idUSL3N0DM05B20130505
Monday, May 6, 2013 Russia-based Mechel OAO’s (MTL) mining unit’s trading subsidiary – Mechel Carbon (Singapore) Pte. L » http://in.finance.yahoo.com/news/mechel-posco-coking-coal-supply-173003935.html
Monday, May 6, 2013 Growth in China's services sector slowed sharply in April to its lowest point since August 2011, a » http://www.reuters.com/article/2013/05/06/us-china-economy-services-pmi-idUSBRE94501020130506
Monday, May 6, 2013 The U.S. economy looks better placed to withstand a slowdown projected for the second quarter as th » http://www.bloomberg.com/news/2013-05-04/job-gains-to-help-buffer-u-s-economy-through-slowdown.html
Monday, May 6, 2013 Europe will take longer to recover from its economic crisis as it tackles a worse-than-expected rec » http://www.washingtonpost.com/business/eu-predicts-eurozone-recession-to-continue-in-2013-unemployment-to-stay-high/2013/0...
Monday, May 6, 2013 Chinese coal miners are likely to cut output more to curb losses after a flood of cheap imports and » http://uk.reuters.com/article/2013/05/06/china-coal-production-idUKL3N0D92K420130506
Monday, May 6, 2013 Australian thermal coal benchmark prices rose slightly this week despite continuing sluggish demand » http://www.reuters.com/article/2013/05/03/coal-asia-idUSL3N0DD64P20130503
Monday, May 6, 2013 Exxon Mobil Corp. ( XOM ) said Thursday that several process units at its refinery in Torrance, Cal » http://www.nasdaq.com/article/refinery-status-exxon-torrance-refinery-beginning-maintenance-20130503-00711
Friday, May 3, 2013 Manufacturing across the world stumbled last month, underlining the fragility of the global economy » http://www.reuters.com/article/2013/05/02/global-economy-pmi-idUSL6N0DJ1EK20130502
Friday, May 3, 2013 The labor market rebounded last month as the U.S. economy added 165,000 net new jobs and the unempl » http://www.latimes.com/business/money/la-fi-mo-unemployment-rate-jobs-economy-20130503,0,973835.story
Friday, May 3, 2013 European power prices dropped to records as thermal coal slumped to the cheapest level in almost th » http://www.bloomberg.com/news/2013-05-02/european-power-for-2014-slides-to-record-as-coal-prices-decline.html
Friday, May 3, 2013 The chief executive of the newly merged Glencore Xstrata (GLEN.LN) said it may take five years to d » http://www.foxbusiness.com/news/2013/05/02/glencore-xstrata-success-will-depend-on-intergration-coal-price-ceo/
Friday, May 3, 2013 Tesoro Corp is nearing the end of the regulatory review of its planned purchase of BP Plc's 240,000 » http://www.reuters.com/article/2013/05/02/refinery-purchase-tesoro-carson-idUSL2N0DJ15O20130502
Friday, May 3, 2013 TransCanada Corp, Canada's No. 2 pipeline company, said on Friday the long wait for U.S. government » http://www.reuters.com/article/2013/04/26/us-transcanada-results-idUSBRE93P0NX20130426
Thursday, May 2, 2013 Capital improvements and higher margins driven by the company’s use of discounted crude oil led ref » http://fuelfix.com/blog/2013/05/02/tesoro-income-jumps-66-in-first-quarter/
Thursday, May 2, 2013 The steady growth in oil production from U.S. shale fields has triggered midstream development and » http://fuelfix.com/blog/2013/05/02/shale-boom-triggers-price-differentials-midstream-development/
Thursday, May 2, 2013 Statoil ASA (STL), Norway’s biggest energy company, said profits fell by 29 percent in the first qu » http://www.bloomberg.com/news/2013-05-02/statoil-profit-slides-more-than-estimated-as-production-declines.html
Thursday, May 2, 2013 Low aluminum prices have prompted Alcoa Inc. to consider shrinking its global smelting capacity, in » http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/alcoa-weighs-more-aluminum-production...
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