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News & Press

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Industry News
Thursday, August 20, 2015 India Expects Cash-Strapped Venezuela to Pay Dues in Oil » India’s Oil and Natural Gas Corp. is in discussions to take $535 million worth of crude in lieu of cash for its share of s...
Thursday, August 20, 2015 California refinery may restart next month following February blast » Exxon Mobil Corp. could ramp up gasoline production as soon as late September at its Torrance, Calif. refinery, damaged in...
Thursday, August 20, 2015 $2 Gas Should Be Making a Comeback Soon » The current disconnect between low oil prices andrelatively expensive gas priceshas understandably been frustrating for Am...
Thursday, August 20, 2015 NZ may need another power station - Meridian » Scarcely a month ago, the Electricity Authority found scores of projects were on hold, even though most had received resou...
Thursday, August 20, 2015 Crude Oil Prices Fall More than 4% Due to Inventory Data » NYMEX-traded WTI (West Texas Intermediate) crude oil futures contracts for September delivery fell by 4.27% and settled at...
Thursday, August 20, 2015 EIA Report Caused Collateral Damage in the Crude Oil Market » On August 29, 2015, the EIA (U.S. Energy Information Administration) released its weekly petroleum status report. ...
Thursday, August 20, 2015 Supply, Demand Equilibrium Further Away Than Ever Before » Yesterday’s 2.6 million barrel build to crude stocks from the US weekly inventory report has has sucker-punched oil prices...
Thursday, August 20, 2015 Exxon seeks to use old, less-clean equipment at crippled Torrance refinery » Exxon Mobil Corp. has asked air quality officials to allow it to increase refining operations at its Torrance facility — a...
Tuesday, August 18, 2015 Foreign firms scramble to fix Iran's refineries once sanctions end » LONDON (Reuters) - International oil services companies are scrambling to win contracts worth tens of billions to repair a...
Tuesday, August 18, 2015 Gas prices in Western Canada to drop but volatility still an issue: analyst » CALGARY -- Drivers in Western Canada should get some relief at the pumps in the coming days but an industry observer says...
Tuesday, August 18, 2015 U.S. Commerce Dept. eases crude oil export ban » The Obama administration on Friday gave oil companies temporary permission to export a limited amount of oil to Mexico at...
Tuesday, August 18, 2015 Exxon begins planned work at Baytown, Texas refinery » Exxon Mobil Corp on Monday said its 560,500-barrel-per-day (bpd) Baytown, Texas, refinery was currently undergoing planned...
Tuesday, August 18, 2015 CANADA CRUDE-Outright WCS stuck near decade low as global crude slides » CALGARY, Alberta, Aug 17 (Reuters) - The outright price of Canadian heavy crude was mired close to its lowest in at least...
Monday, August 17, 2015 Birla Corp Buys Lafarge India Cement Units for $766 Million » Birla Corp. agreed to buy two cements units from Lafarge SA’s Indian arm for a total enterprise value of 50 billion rupees...
Monday, August 17, 2015 Saudi Arabia, Gulf Countries Struggling with Low Oil Prices » Too bad, they all are happening at the same time, hence the near six year low as Brent touched $48 a barrel and WTI went...
Monday, August 17, 2015 North Dakota Oil Production Holding Its Own » North Dakota is doing well as far as oil producing is concerned, despite the huge drop in the price of oil and predictions...
Monday, August 17, 2015 Administration approves oil exports to Mexico » The Obama administration approved limited sales of crude oil to Mexico, one of the most significant recent actions to allo...
Monday, August 17, 2015 US approves landmark crude oil export swaps with Mexico » The Obama administration will allow limited sales of U.S. crude toMexico for the first time, a senior administration offic...
Monday, August 17, 2015 Oil tech firms see shale resurrection with re-fracking » Shale oil producers from West Texas and North Dakota have harvested enough crude to overwhelm the global oil market and fo...
Monday, August 17, 2015 Goa Carbon gains on resuming operations at its Goa Unit » Goa Carbon is currently trading at Rs 73.75, up by 0.60 points or 0.82% from its previous closing of Rs. 73.15 on the BSE....
Friday, August 14, 2015 What does Australia’s new 2030 climate target mean for the local coal industry? » Australian Prime Minister Tony Abbott has promised that his government’s new 2030 climate target will be good for the envi...
Friday, August 14, 2015 Saudi Arabia faces existential crisis after its misjudged gamble on oil » If the oil futures market is correct, Saudi Arabia will run into trouble within two years. It will be in existential crisi...
Friday, August 14, 2015 Saudi Arabia hikes oil production to record high as OPEC expects stronger demand in 2016 » Saudi Arabia told OPEC it raised oil production to a record as the organization forecast stronger demand for its members’...
Friday, August 14, 2015 Oil Prices Recover After Slide to 6½-Year Low » LONDON—Oil prices were near-flat Friday, recovering from the more-than six-year lows reached earlier in the session as a w...
Friday, August 14, 2015 Indiana refinery outage escalates fears Cushing will top out » Concerns among oil traders are escalating that a combination of surprisingly resilient U.S. shale production and lower aut...
Friday, August 14, 2015 Hindalco net profit falls 67% in June quarter » Hindalco Industries reported a lower-than-expected net profit at Rs 107 crore in the June quarter, down more than half of...
Friday, August 14, 2015 Canadian Oil Benchmark Falls Off A Cliff » Third time is a charm as China has reset its currency peg for a third day on the trot. http://oilprice.com/Ener...
Friday, August 14, 2015 DEALTALK-US shale firms turn to private equity as market funding tails off » A renewed slide in crude prices is having the effect U.S. energy sector dealmakers and private equity managers have been l...
Friday, August 14, 2015 Saudi bond issues highlight shift in oil market dynamics » Saudi Arabia has been hitting the bond market and tapping money for the first time in eight years but it isn't a crisis. I...
Friday, August 14, 2015 (0 Comments - view/add) Glut, China worries press oil to 6 1/2-year low » The U.S. oil benchmark flipped between gains and losses Friday after hitting its lowest level in nearly 6 1/2 years on esc...
Friday, August 14, 2015 Damage estimate still underway at Noranda » MARSTON, Missouri -- Officials are continuing to assess the damage from the Aug. 4 molten metal explosion that caused heav...
Thursday, August 13, 2015 $30 oil coming sooner than you think: Kilduff » U.S. crude (@CL.1) could fall to the $30 to $40 per barrel range sooner than expected following China's yuan devaluation,...
Thursday, August 13, 2015 UPDATE 10-U.S. crude ends at 6-yr low on China devaluation, OPEC data » U.S. crude settled at a more than six-year low on Tuesday after China's currency devaluation raised questions about oil de...
Thursday, August 13, 2015 BP’s Indiana refinery outage ripples through US oil market » For want of a refinery unit in Indiana, oil is tumbling in Oklahoma and Alberta while gasoline in the Midwest is soaring.&...
Thursday, August 13, 2015 UPDATE 3-BP's main crude unit at Whiting shut for at least a month -sources » Heavy damage to the largest crude distillation unit at BP Plc's 413,500-barrel-per-day (bpd) Whiting, Indiana, refinery wi...
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