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News & Press

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

Industry News
Friday, February 1, 2013 Panamax ships, the largest to navigate the Panama Canal, will carry 55 percent of coal traded world » http://www.businessweek.com/news/2013-01-31/panamax-ships-seen-hauling-55-percent-of-coal-traded-globally-by-2014
Friday, February 1, 2013 The contract for Indonesian sub-bituminous coal with a calorific value of 4,900 kilocalories a kilo » http://www.businessweek.com/news/2013-02-01/indonesian-thermal-coal-swaps-rise-china-contracts-advance
Thursday, January 31, 2013 California-based BFI Group Corp. will go ahead with the acquisition of the Aluminium Smelter Co. of » http://www.foxbusiness.com/news/2013/01/31/bfi-group-ceo-going-ahead-with-nigeria-aluminium-smelter-purchase/
Thursday, January 31, 2013 Growth in coal consumption in China has been even more spectacular than its output growth growing f » http://www.coalguru.com/china/chinese_coal_consumption_growing_at_insane_rate/7018
Thursday, January 31, 2013 Uncle Sam cut spending and businesses drew down inventories in the fourth quarter of 2012, causing » http://money.cnn.com/2013/01/30/news/economy/gdp-report/?hpt=hp_t1
Thursday, January 31, 2013 The euro climbed to a 14-month high, gold rallied and longer- dated U.S. Treasuries pared losses on » http://www.reuters.com/article/2013/01/30/us-markets-global-idUSBRE88901C20130130
Thursday, January 31, 2013 Eskom Holdings SOC Ltd., which supplies about 95 percent of South Africa’s power, is working on an » http://www.businessweek.com/news/2013-01-30/eskom-asks-bhp-anglo-to-cap-costs-to-control-tariff-increase
Thursday, January 31, 2013 The deal is done. Top Marathon Petroleum officials today confirmed what The Daily News already repo » http://www.khou.com/news/neighborhood-news/Texas-City--Marathon-confirms-BP-refinery-acquisition-to-be-completed-Friday-18...
Wednesday, January 30, 2013 Marathon Petroleum Corp. (MPC) will shut a crude unit and a coker at the Garyville refinery, the se » http://www.businessweek.com/news/2013-01-29/marathon-garyville-said-to-shut-crude-coker-units-in-october
Wednesday, January 30, 2013 The World Bank issued its latest forecast for U.S. and global growth. Expectations were lowered fro » http://seekingalpha.com/article/1140161-even-lackluster-2-0-gdp-growth-in-2013-may-be-unrealistic?source=google_news
Wednesday, January 30, 2013 South Africa has designated coal as a strategic resource, a move that could limit exports to protec » http://www.reuters.com/article/2013/01/30/safrica-coal-strategic-idUSL5N0AZ34Q20130130
Wednesday, January 30, 2013 China alone uses almost as much coal as the rest of the world combined, a report from the U.S. Ener » http://www.usnews.com/news/articles/2013/01/29/chinas-energy-appetite-bodes-well-for-big-coal
Wednesday, January 30, 2013 Valero Energy Corp.’s Port Arthur refinery has been equipped with the first phase of a two-phase ca » http://www.bizjournals.com/sanantonio/news/2013/01/29/valero-refinery-fitted-with.html
Tuesday, January 29, 2013 Japan's economy will likely grow 2.5 percent in the fiscal year starting in April, the government s » http://www.reuters.com/article/2013/01/28/us-japan-economy-gdp-idUSBRE90R00720130128
Tuesday, January 29, 2013 LAUNCESTON, Australia, Jan 29 (Reuters) - Coking coal prices are likely to get a lift from the floo » http://uk.reuters.com/article/2013/01/29/column-russell-coking-coal-idUKL4N0AY0Z920130129
Tuesday, January 29, 2013 Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping th » http://www.bloomberg.com/news/2013-01-28/south-africa-richards-bay-coal-declines-for-fifth-straight-week.html
Tuesday, January 29, 2013 BP PLC (BP, BP.LN) said scheduled maintenance began last week at its Cherry Point refinery in Blain » http://www.foxbusiness.com/news/2013/01/28/bp-reports-planned-unit-shutdown-at-washington-refinery-filing/
Tuesday, January 29, 2013 BP PLC's (BP, BP.LN) oil refinery in Carson, Calif., is back at planned rates Monday after a power » http://www.foxbusiness.com/news/2013/01/28/bp-plc-carson-calif-refinery-back-to-normal-after-power-snag-source/
Monday, January 28, 2013 World crude steel production reached 1,548 megatonnes (Mt) for the year 2012, up by 1.2% compared t » http://www.worldsteel.org/media-centre/press-releases/2012/12-2012-crude-steel.html
Monday, January 28, 2013 Mitsubishi Chemical Holdings Corp., Japan’s largest producer of the products, said it’s in talks to » http://www.bloomberg.com/news/2013-01-28/mitsubishi-chemical-says-in-talks-with-tata-steel-to-supply-coke.html
Monday, January 28, 2013 Increased competition between fuels as well as a warm winter 2011-12 led to lower consumption of co » http://www.eia.gov/todayinenergy/detail.cfm?id=9711
Monday, January 28, 2013 Rain and flooding in Australia's eastern state of Queensland caused by the remnants of Cyclone Oswa » http://www.reuters.com/article/2013/01/25/australia-coal-idUSL4N0AU3D120130125
Monday, January 28, 2013 This likely marks the final week that the 475,000-barrel-per-day refinery at 2401 Fifth Ave. South » http://www.galvestondailynews.com/news/local_news/article_2c19e2c6-6900-11e2-ad77-0019bb30f31a.html
Monday, January 28, 2013 Venezuela’s Amuay refinery started a flexicoker unit after 10 days offline because of problems with » http://www.bloomberg.com/news/2013-01-27/venezuela-s-amuay-refinery-starts-flexicoker-universal-says.html
Thursday, January 24, 2013 An unexpectedly stubborn euro zone recession and weakness in Japan will weigh on global economic gr » http://www.reuters.com/article/2013/01/23/us-imf-economy-idUSBRE90M0YY20130123
Thursday, January 24, 2013 The International Monetary Fund is projecting a modest rise in global economic growth for 2013, but » http://abcnews.go.com/US/wireStory/imf-sees-modest-2013-improvement-world-economy-18292537
Thursday, January 24, 2013 The governor of Nebraska on Tuesday approved a revised route through the state for the Keystone XL » http://www.nytimes.com/2013/01/23/science/earth/keystone-pipeline-route-approved-by-nebraska-governor.html?_r=0
Thursday, January 24, 2013 The company financing a proposed coal-fired power plant on the Texas Gulf coast has announced it ha » http://www.chron.com/news/texas/article/Proposed-Texas-coal-fired-power-plant-halted-4217638.php
Thursday, January 24, 2013 The world’s largest exporter of thermal coal had drafted a decree to prohibit overseas sales starti » http://www.thejakartaglobe.com/business/indonesia-drops-plan-to-lift-coal-prices-by-restricting-exports/567394
Thursday, January 24, 2013 Glencore International PLC's (GLNCY, GLEN.LN) new $500 million port in Colombia for exporting coal » http://www.foxbusiness.com/news/2013/01/23/colombia-minister-glencore-new-coal-export-port-ready-in-few-months/
Thursday, January 24, 2013 The following table lists unplanned and planned production outages at U.S. refineries as reported b » http://www.foxbusiness.com/news/2013/01/23/refinery-status-unit-shut-down-temporarily-at-2/
Thursday, January 24, 2013 Kuwait plans to shut parts of its 270,000 barrels per day Mina Abdullah refinery from April to May » http://www.arabianbusiness.com/kuwait-partially-shut-mina-abdullah-refinery-487074.html
Wednesday, January 23, 2013 Recent hick up in supply lines from Mongolia has potential to fundamentally change the market condi » http://www.steelguru.com/raw_material_news/Coking_coal_price_reaches_turning_point_on_Chinese_interest/299112.html
Wednesday, January 23, 2013 The Bank of Spain said on Wednesday it saw Spanish gross domestic product (GDP) shrink 0.6 percent » http://www.reuters.com/article/2013/01/23/spain-economy-idUSE8E8LB01W20130123
Wednesday, January 23, 2013 World unemployment could top record levels this year and continue rising until 2017, the Internatio » http://www.nbcnews.com/business/economywatch/world-unemployment-seen-hitting-record-year-1B8041255
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