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News & Press

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

Industry News
Saturday, May 26, 2012 (Reuters) - Trafigura TRAFGF.UL and U.S. aluminum producer Ormet Corp (ORMT.PK) have formed a joint » http://www.reuters.com/article/2012/05/24/us-trafigura-ormet-idUSBRE84N18B20120524
Saturday, May 26, 2012 Softening macroeconomic fundamentals have brought both coking and thermal prices lower in recent we » http://www.businessinsider.com/coal-slides-but-long-term-remains-bright-2012-5
Saturday, May 26, 2012 The Bonneville Power Administration has given the Alcoa Intalco Works aluminum smelter west of Fern » http://www.thenewstribune.com/2012/05/24/2155792/intalco-smelter-near-ferndale.html
Saturday, May 26, 2012 SYDNEY – More Australian aluminum smelters will close if there isn't a coordinated state and feder » http://www.foxbusiness.com/news/2012/05/23/australian-union-says-expect-more-aluminum-smelter-closures/
Saturday, May 26, 2012 Coal producers have been under pressure in recent months. Continued uncertainty around the world ha » http://www.vancouversun.com/business/Coal+role+economic+indicator/6670399/story.html
Saturday, May 26, 2012 China's economic slowdown has led to weak demand for iron ore and coal in the domestic and overseas » http://www.chinadaily.com.cn/cndy/2012-05/24/content_15372561.htm
Saturday, May 26, 2012 Shippers listed on the mainland lose 5 billion yuan in first quarter of year The global shipping in » http://www.chinadaily.com.cn/cndy/2012-05/24/content_15372525.htm
Saturday, May 26, 2012 (RTTNews.com) - The Organization for Economic Cooperation and Development grew 0.4 percent sequent » http://www.nasdaq.com/article/oecd-gdp-growth-rises-in-q1-20120525-00081
Saturday, May 26, 2012 The U.K. economy shrank more than initially estimated in the first quarter after construction was r » http://www.bloomberg.com/news/2012-05-24/u-k-first-quarter-gdp-falls-0-3-more-than-initial-estimate.html
Saturday, May 26, 2012 BERLIN, May 24 (Reuters) - German gross domestic product (GDP) grew by 0.5 percent in the first qua » http://www.reuters.com/article/2012/05/24/germany-gdp-idUSL5E8GNBU620120524
Saturday, May 26, 2012 SEOUL, May 24 (Reuters) - South Korea bought 500 tonnes of aluminium from LG International Corp at » http://www.reuters.com/article/2012/05/24/metal-korea-idUSL4E8GO0EM20120524
Saturday, May 26, 2012 U.S. net exports of petroleum coke—a byproduct of oil refining —continued at higher levels over the » http://www.eia.gov/todayinenergy/detail.cfm?id=6430
Saturday, May 26, 2012 The refinery will produce polypropylene, pet coke, sulphur, aviation turbine fuel, hexane, naphtha, » http://www.punjabnewsline.com/content/punjab-bathinda-refinery-be-equipped-world-class-scanners-upgrading-security/45002
Saturday, May 26, 2012 JEA in recent years was overly reliant on what used to be cheap coal and petroleum coke prices. Sud » http://jacksonville.com/opinion/editorials/2012-05-24/story/jea-cutting-debt-stabilizing-rates
Saturday, May 26, 2012 The company operates a 240,000 barrel-a-day refinery at Mumbai and a 190,000 barrel-a-day refinery » http://www.foxbusiness.com/news/2012/05/25/bharat-petroleum-4q-net-profit-surges-more-than-fourfold/
Saturday, May 26, 2012 (Reuters) - BP Plc on Wednesday said it will spend $400 million to install pollution controls at it » http://www.reuters.com/article/2012/05/23/us-refinery-operations-bp-whiting-idUSBRE84M1IX20120523
Saturday, May 26, 2012 HOUSTON, May 25 (Reuters) - Hourly workers began a strike on Friday at Husky Energy's 155,000-barre » http://www.reuters.com/article/2012/05/25/refinery-husky-strike-lima-idUSL1E8GP90120120525
Saturday, May 26, 2012 Refinery utilization at China’s biggest plants rose to the highest level in 16 weeks after some fac » http://www.bloomberg.com/news/2012-05-25/china-major-refinery-run-rate-rises-to-86-oilchem-says-1-.html
Saturday, May 26, 2012 LIMA, Peru -(MarketWatch)- Peru's state-owned Petroleos del Peru , or Petroperu, has signed a contr » http://www.marketwatch.com/story/petroperu-inks-talara-refinery-modernization-deal-2012-05-24
Saturday, May 26, 2012 May 24 (Reuters) - Japan's top oil refiner, JX Nippon Oil & Energy Corp, shut the 189,000 barrels p » http://www.reuters.com/article/2012/05/24/refinery-operations-jx-idUSL4E8GO4FR20120524
Wednesday, May 23, 2012 May 23 (Reuters) - Norsk Hydro on Wednesday said it plans to shut its 180,000-tonnes-per-year Kurri » http://www.reuters.com/article/2012/05/23/australia-norsk-aluminium-idUSL4E8GN0MD20120523
Wednesday, May 23, 2012 The world’s shipping companies are turning to private equity to help fill a $249 billion funding ga » http://www.bloomberg.com/news/2012-05-22/bank-retreat-on-shipping-seen-filled-by-private-equity-freight.html
Wednesday, May 23, 2012 Japan reported lower-than-estimated exports and a wider trade deficit for April, underscoring risks » http://www.businessweek.com/news/2012-05-22/japan-april-trade-gap-widens-as-exports-below-forecastest
Wednesday, May 23, 2012 (Reuters) - The World Bank cut its economic growth forecast for China this year to 8.2 percent on W » http://www.reuters.com/article/2012/05/23/us-worldbank-eastasia-idUSBRE84M04A20120523
Wednesday, May 23, 2012 MUMBAI: Reliance Industries Limited (RIL) will boost refining margins by $3 a barrel in three to fo » http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/reliance-industries-limited-to-boost-refining-mar...
Tuesday, May 22, 2012 May 21 (Reuters) - Rio Tinto Alcan has written to Japanese buyers asking them to pay a record premi » http://www.reuters.com/article/2012/05/21/japan-aluminium-premiums-idUSL4E8GL37N20120521
Tuesday, May 22, 2012 India, the world’s third-largest coal user, imported 11 percent less of the fuel in April compared » http://www.bloomberg.com/news/2012-05-22/india-imported-10-3-million-tons-coal-in-april-interocean-says.html
Tuesday, May 22, 2012 A sobering article from Reuters points to potential credit problems with commodity buyers in China. » http://www.forexpros.com/analysis/commodity-price-declines-point-to-demand-problems-in-china-123918
Tuesday, May 22, 2012 JSW Steel Ltd. (JSTL), India’s second- largest importer of coking coal, is turning to Rio Tinto Gro » http://www.businessweek.com/news/2012-05-21/jsw-seeks-african-coal-to-beat-australian-rains-corporate-india
Tuesday, May 22, 2012 Iron ore and coking coal buyers in China are seeking to defer importing cargoes as domestic steel m » http://www.businessweek.com/news/2012-05-20/chinese-iron-ore-buyers-defer-imports-cargoes-mirae-says
Tuesday, May 22, 2012 The UAE's GDP growth this year is expected to decline to 2.3 per cent, down from 4.9 per cent last » http://gulfnews.com/business/economy/imf-report-shows-steady-growth-recovery-for-uae-1.1026089
Tuesday, May 22, 2012 May 21 (Reuters) - The coking unit at Exxon Mobil Corp's 344,500 barrel-per-day Beaumont, Texas, re » http://www.reuters.com/article/2012/05/21/refinery-operations-exxon-beaumont-idUSH5E8E501M20120521
Tuesday, May 22, 2012 Reliance Industries is seeking a loan of about USD 1 billion to fund its petrochemicals and telecom » http://www.indianexpress.com/news/ril-seeks-1-bn-loan-to-fund-expansion/952038/
Tuesday, May 22, 2012 HOUSTON, May 21, 2012 (BUSINESS WIRE) -- Phillips 66 PSX -2.16% today announced that Reliance Indu » http://www.marketwatch.com/story/phillips-66s-e-gastm-technology-selected-for-reliance-industries-gasification-project-201...
Tuesday, May 22, 2012 BARCELONA – Eni SpA (E), Italy's biggest energy company by market value, said Tuesday that a refin » http://www.foxbusiness.com/news/2012/05/22/eni-middle-east-refining-boom-problem-for-european-refiners/
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