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News & Press

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

Industry News
Thursday, November 12, 2015 Petroleo Brasileiro SA Petrobras (ADR) Workers’ Strike Unlikely To Be Called Off: Here’s Why » Bidness Etc takes a look at the latest offer made by Petrobras to its workers to call off the strike. http://www...
Thursday, November 12, 2015 Petrobras striking workers consider salary offer but insist the company must reverse investment cuts » Brazil's energy giant Petrobras offered striking workers a 9.54% wage hike on Wednesday in an effort to end a 10-day strik...
Wednesday, November 11, 2015 China’s aluminium exports flood market, keep prices low » China’s surging exports of aluminium are becoming as contentious as its fast-rising shipments of steel as prices of the me...
Wednesday, November 11, 2015 Rising Chinese Production Keeps Lid on Aluminum Prices » DELHI—China’s surging exports of aluminum are becoming as contentious as its fast-rising shipments of steel as prices of t...
Wednesday, November 11, 2015 Noranda taking $138M write-down » Noranda Aluminum Holding reported a third-quarter net loss of more than $175 million after needing to write down all of th...
Wednesday, November 11, 2015 Venezuela PDVSA negotiates light oil import deals for 2016 » Venezuelan state oil company PDVSA will secure contracts to import crude by early next year, a senior executive said, phas...
Wednesday, November 11, 2015 PDVSA, Citgo progress on Aruba refinery's restart: official » Venezuela's PDVSA and its unit in the United States, Citgo Petroleum, are studying various options to restart the Aruba re...
Wednesday, November 11, 2015 Keystone XL decision may indicate changing energy landscape » WASHINGTON, Nov. 9 (UPI) -- U.S. and Canadian statements regarding the decision on the Keystone XL oil pipeline may reflec...
Wednesday, November 11, 2015 Keystone XL: Not dead yet? » President Obama’s rejection of the Keystone XL oil pipeline might not be the end of the road for the controversial project...
Wednesday, November 11, 2015 International Energy Agency expects low oil prices until 2020 » Canada’s oil industry should not expect a quick rebound in crude prices to pre-collapse levels, despite growing demand and...
Tuesday, November 10, 2015 Hindalco Q2 PAT at Rs 103 crore, up 31% annually » Hindalco Industries reported a net profit of Rs 103.27 crore in the September quarter, up 31% from same period last year o...
Tuesday, November 10, 2015 Noranda Reports Third Quarter 2015 Results » Aluminum prices are at their lowest levels since the global financial crisis, which presents a financial challenge to all...
Tuesday, November 10, 2015 USW joins China Trade Task Force in campaign to combat illegal Chinese aluminum subsidies » The United Steelworkers (USW) union, the largest industrial union in North America representing more than 1.2 million acti...
Tuesday, November 10, 2015 Venezuela Liquidating Assets As Economic Crisis Worsens » Venezuela is at a political crossroads, with an all-important parliamentary election set to take place in December. Meanwh...
Tuesday, November 10, 2015 How Shale Oil Will Survive The Crude Carnage » In my previous article Why the Bakken Boomed, I discussed the shale oil boom that has had such a dramatic impact in North...
Tuesday, November 10, 2015 Canada’s Oil Sector Cautiously Optimistic About Late 2016 Recovery » What you see is what you get. Unless, of course, things change. And so it goes in the highly uncertain world of trying to...
Tuesday, November 10, 2015 Environmental groups call for action on air pollutants » A coalition of environmental groups on Sunday called for the termination of an expansion project of the Central Taiwan Sci...
Tuesday, November 10, 2015 Despite China Slowdown, Global Economy Expected To Gain Momentum In 2016 And 2017 » Global trade and economic activity--held back by China in 2015--is expected to show a modest revival over the next two yea...
Tuesday, November 10, 2015 A looming test for the global economy » The G20 summit at Antalya in Turkey next weekend takes place at a time of continuing risk in the global economy. ...
Tuesday, November 10, 2015 The world — including China — is unprepared for the rise of China » For the first time in centuries, China affects the global economy as much as it is affected by the global economy. In the...
Tuesday, November 10, 2015 RPT-UPDATE 2-Chinese trade disappoints, clouding economic outlook » China's trade figures disappointed analyst expectations by a wide margin in October, reinforcing views that the world's se...
Tuesday, November 10, 2015 Analysts expect Brazil's economy to contract by 3.10 pct. » Brazil's economy will contract by 3.10 percent this year, with the inflation rate hitting 9.99 percent, the Central Bank s...
Monday, November 9, 2015 Italcementi reports 3.2% increase in 9M15 revenues » Italcementi has reported a 3.2% increase in revenues for the 9 months ended 30 September 2015 at €3217 million thanks in p...
Monday, November 9, 2015 Oil Refiners Get Nimble on Refining » Valero Energy (VLO), the largest U.S. refiner, expects 2016 to be a strong year. http://www.foxbusiness.co...
Monday, November 9, 2015 Low oil price takes big bite from Chevron, Exxon earnings » Chevron Corp became the latest company to dismiss workers on Friday, announcing that it would lose between 6,000 and 7,000...
Monday, November 9, 2015 After Keystone decision, industry must locate new paths for crude oil » TORONTO — Following the Obama administration's rejection of the Keystone XL pipeline, the oil industry faces the tricky ta...
Friday, November 6, 2015 Alcoa closing smelters in Ferndale, Wenatchee » The company says it will reduce aluminum smelting capacity by 503,000 metric tons and alumina refining capacity by 1.2 mil...
Friday, November 6, 2015 Alcoa to idle Wenatchee plant » Alcoa will idle its Wenatchee Works plant as part of a companywide plan to shut down smelting operations that are losing m...
Friday, November 6, 2015 BP's Indiana refinery coker unit operational after Wed upset » BP PLC's 410,000 barrel per day (bpd) Whiting, Indiana, refinery had an upset on its 35,000 bpd delayed coker after a comp...
Friday, November 6, 2015 Global oil oversupply rising through 2020 – study » Oversupply in oil markets will likely continue to increase through 2020 as OPEC countries step up production in a power st...
Friday, November 6, 2015 N.C. environmental regulators join second suit against EPA coal plant regulations » For the second time in two weeks the N.C. Department of Environmental Quality is joining a multi-state action against the...
Friday, November 6, 2015 China aluminium smelters seek power fee cuts as metal price hits lows » Emboldened by a state-owned aluminium smelter winning a cut in its electricity costs last month, other smelters in China a...
Friday, November 6, 2015 China fuel surplus to double by 2020 as refining sector opens -CNPC research » Nov 5 Surplus annual production of diesel, gasoline and kerosene in China will double to nearly 30 million tonnes by 2020...
Friday, November 6, 2015 Alcoa to sharply cut smelting, refining capacity » Alcoa will continue to employ 220 workers at its casthouse and its forgings and extrusions facility in Massena. ...
Friday, November 6, 2015 Asia expected to see robust oil refining margins next year » SINGAPORE, Nov 4 (Reuters) - Asian oil refining margins will be robust in 2016, but are unlikely to return to the heights...
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