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News & Press

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

Industry News
Tuesday, October 7, 2014 Will Oil Drop to $60? » That $100/bbl benchmark could prove challenging, given the growing supply of shale oil in the U.S. Texas produces as much...
Tuesday, October 7, 2014 Rio Tinto Rejected Takeover Approach From Glencore » Rio Tinto Group jumped the most in more than a year in London after saying it rejected a merger approach from Glenco...
Tuesday, October 7, 2014 Lafarge requests permit to burn new materials » The Michigan Department of Environmental Quality held a public hearing Wednesday to receive comment on a draft permit for...
Monday, October 6, 2014 Smelter exemption push » EXEMPTIONS worth millions of dollars a year for Portland aluminium smelter are likely to be approved by the federal govern...
Monday, October 6, 2014 Could a Jones Act waiver move US crude export policy? » US crude oil exports appear to be the next big energy policy battle, but could a rift between East Coast refiners and US p...
Monday, October 6, 2014 Venezuela's diluted crude oil shipments to Citgo down by 57% » Shipments dropped to 2.13 million of barrels in September. http://english.eluniversal.com/economia/141006/venezuelas-dil...
Friday, October 3, 2014 US ports weigh value of terminal automation investment » As U.S. ports ponder the inevitability of automating their terminal operations, they must answer two key questions -- how...
Friday, October 3, 2014 INA makes no decision yet on Hungarian MOL's Croatian refineries » The Supervisory Board of Croatian refiner INA has failed to reach a decision on the future of the company’s refineries, Cr...
Friday, October 3, 2014 Refiners say they can handle light, sweet crude from US wells » Refiners opposed to oil exports said Thursday they have more than enough plants and equipment to process the light, sweet...
Friday, October 3, 2014 INA's supervisory board urges management to finalise refining strategy » The supervisory board of the INA oil and gas company has called on the management board to finalise a refining strategy an...
Thursday, October 2, 2014 Glencore predicts strong market ahead for thermal coal » In the face of withering coal prices and a soft market, Glencore is still predicting long term viability for thermal coal....
Thursday, October 2, 2014 EPA releases Greenhouse Gas Reporting Program data, attributes emissions increase to coal-fired powe » The U.S. Environmental Protection Agency released its fourth year of Greenhouse Gas Reporting Program data Sept. 30, placi...
Thursday, October 2, 2014 Refiners Seek to Debunk Case for Ending Oil-Export Ban » A group of refiners that support a four-decade-old ban on oil exports today sought to debunk a key argument of opponents:...
Thursday, October 2, 2014 Value-added Businesses To Boost Alcoa's Q3 Results » In addition, the recent resurgence in aluminum prices will also positively impact the fortunes of the company’s upstream...
Thursday, October 2, 2014 Regulators reject challenge to Ameren power rates » Ameren Missouri outlined new plans Wednesday to gradually reduce its reliance on coal-fired power plants, while state util...
Thursday, October 2, 2014 CVR Refining Stock Price Down With Opportunity For Appreciation, Growth And Distribution » Although a fire in July, 2014, production is back to full operations. We anticipate a dip in the distribution for third qu...
Thursday, October 2, 2014 ExxonMobil denies rumors its Torrance refinery is for sale » Rumors of a sale have percolated in the industry for months, although the company has dismissed the speculation as just th...
Thursday, October 2, 2014 LA-LB terminals should expect 18,000-TEU ships, expert says » Terminal operators in Los Angeles-Long Beach should expect in the next few years to receive regular calls by vessels with...
Wednesday, October 1, 2014 Phillips 66 Santa Maria Refinery proposes adding crude oil trains to operation » The Phillips 66 Santa Maria Refinery wants to add oil trains to its operation. It hosted an open house about the pro...
Wednesday, October 1, 2014 Alcoa to Host Webcast of Third Quarter 2014 Results » Alcoa AA, +0.19% will hold a conference call on Wednesday, October 8 beginning at 5:00 p.m. EDT to discuss third quarter 2...
Tuesday, September 30, 2014 UPDATE 1-Holcim and Lafarge step up plans to divest assets » ZURICH, Sept 30 (Reuters) - Cement makers Holcim and Lafarge are stepping up plans to shed assets in order to win clearanc...
Monday, September 29, 2014 Aluminum’s Price Potential Capped By Its Own Idled Production » The Aluminum price made something of a recovery this year surging from the Spring to over $2,000 on the London Metal Excha...
Monday, September 29, 2014 Energy fuels Senate race fights » More than $20 million in TV ads involving Democratic Rep. Gary Peters and Republican Terri Lynn Land, former secretary of...
Friday, September 26, 2014 European refiners get rare boost from late-year U.S. demand » LONDON, Sept 26 (Reuters) - A late-year rush for gasoline in the United States is creating unexpected demand for imported...
Friday, September 26, 2014 UC Rusal sees 1.3 million tonne global aluminium deficit in 2015 » Reuters reported that Russia's United Company Rusal forecasts a global aluminium deficit of 1.3 million tonnes in 2015, wh...
Friday, September 26, 2014 Chicago says coal-storage site will shut down » CHICAGO (AP) - A company involved in legal skirmishes last year over piles of petroleum coke in Chicago has sold its facil...
Friday, September 26, 2014 Beemsterboer, petcoke storage company, to leave South Side facility » Beemsterboer Slag Corp., of Hammond, Indiana, plans to leave Chicago rather than continue to deal with both legal and poli...
Friday, September 26, 2014 Los Angeles-Long Beach port operations back to normal after fire ‘snuffed out’ » Container handling at the ports of Los Angeles and Long Beach was back to normal by Wednesday’s night shift as the Los Ang...
Friday, September 26, 2014 West coast labour struggles » US west coast dockworkers and shippers are struggling to reach an agreement with terminals as they continue to replace the...
Friday, September 26, 2014 Fire Temporarily Closes Major Ports » The Port of Los Angeles and part of the Port of Long Beach were forced to shut down for a time this week because of...
Friday, September 26, 2014 JEA eyeing costly environmental regulations » JACKSONVILLE, Fla. -- The Jacksonville Electric Authority is wrestling with the impact of proposed environmental regulatio...
Friday, September 26, 2014 Chinese aluminium smelter restarts seen undermining global deficit outlook » Reuters reported that higher aluminium prices have prompted some Chinese smelters to abandon production cutbacks and are s...
Thursday, September 25, 2014 GLOBAL ECONOMY-Euro zone growth slows as Chinese factories trundle on » LONDON/BEIJING, Sept 23 (Reuters) - Euro zone business growth dipped to a 2014 low in September as firms again cut prices,...
Thursday, September 25, 2014 Not selling Citgo could bring political benefits, analysts reckon » According to Venezuelan President, Nicolás Maduro, the US-based subsidiary of state-run oil holding Petróleos de Venezuela...
Thursday, September 25, 2014 Paraguaná Refining Complex operates at 75% of its capacity » The Paraguaná Refining Complex (CRP) in Venezuela is currently processing 713,000 crude oil barrels per day (bpd), and ope...
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