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News & Press

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

Industry News
Wednesday, September 3, 2014 Achinsk refinery resumed crude refining on tight schedule » Achinsk Oil refinery, suspended after the incident of June 15, 2014 has recovered the processes of primary crude oil proce...
Wednesday, September 3, 2014 Regulation & Environment: Tax changes facing Russia’s oil sector » Russia’s refineries are facing a change in domestic taxation that is expected to have a significant impact. Platts’ Moscow...
Wednesday, September 3, 2014 RIL counts expansion gains » Reliance Industries Ltd expects to save at least $1.5 billion in costs annually over the next two years as it looks to rea...
Wednesday, September 3, 2014 Oil-rich Venezuela to import oil for first time » Faced with rapidly declining oil production in the state-owned Petroleos de Venezuela oil company (PDVSA), Venezuela, the...
Wednesday, September 3, 2014 U.S. pipeline startups will ease crude prices, displace imports » The Flanagan South and Seaway Twin Pipeline startups will begin transporting incremental volumes of heavy sour and light s...
Tuesday, September 2, 2014 Chalco sees further headwinds for aluminium market » Primary aluminium production at Aluminium Corporation of China dropped 19.7% to 1.63 million tonnes in the first six month...
Tuesday, September 2, 2014 Aluminium firms look to secure new markets as capacity rises Sesa Sterlite, Hindalco are working wit » India’s aluminium capacity will rise to about 4.36 million tonnes (mt) by the end of this fiscal year from 1.71 mt in 2012...
Tuesday, September 2, 2014 Noranda laying off employees, suspending expansion » Franklin-based Noranda Aluminum Inc. announced Tuesday that it is laying off up to 200 employees and suspending an expansi...
Tuesday, September 2, 2014 As aluminum market shifts to deficit, all eyes on China » For the world's hard-pressed aluminum producers the current outlook is the rosiest in many years. http://www.reuters.com...
Tuesday, September 2, 2014 SHFE Aluminum Prices Surge on Expectations for Easing Oversupply » It is rumored that explosion at an aluminum smelter has caused hundreds of thousands of aluminum capacity to be closed....
Tuesday, September 2, 2014 Ma’aden, Alcoa joint aluminum plant starts commercial operations » Saudi Arabian Mining Co (Ma’aden) said on Monday its joint aluminum smelter with US-based Alcoa has started commercial ope...
Thursday, August 28, 2014 Panama Canal to hit US West Coast? » Los Angeles and Long Beach ports have long been in a primary position to receive goods from South America and Asia. Howeve...
Thursday, August 28, 2014 Global Supply Chain News: As West Coast Port Labor Talks Drag On, Some Shippers Getting Nervous, Whi » It is now almost two months since the contract between the Pacific Maritime Association, which represents West Coast ports...
Thursday, August 28, 2014 Sacramento leaders question Benicia’s crude oil rail project » Sacramento leaders will send a letter to Benicia today formally challenging the Bay Area city to do a better job of studyi...
Thursday, August 28, 2014 BP says Whiting refinery still in production after fire » BP Plc said its largest U.S. refinery, at Whiting, Indiana, continued to operate on Thursday morning following a blaze the...
Thursday, August 28, 2014 Abbott must balance jobs and the environment » OBS, or the environment? Or can you have both? That’s the argument the Abbott Government is having with itself as it tries...
Wednesday, August 27, 2014 Russian Aluminum Giant RusAl Enjoys Recovery » Russia's United Company RusAl Plc returned to profit for the first time in five quarters on Wednesday and gave a bullish o...
Wednesday, August 27, 2014 The sale of CITGO » GlobalData has said that a Chinese company that possesses the capital and ambition to strategically expand its influence i...
Wednesday, August 27, 2014 European refiner squeeze seen in W. African crude changes » European refining is pivotal in “a second wave of structural changes” pummeling West African (WAF) crude oil prices in res...
Wednesday, August 27, 2014 Garcia: Block Venezuela's sale of Citgo » U.S. Rep. Joe Garcia and Venezuelan opposition leaders in Miami called on the Obama administration Wednesday to block Vene...
Wednesday, August 27, 2014 Aluminum Prices Surge on Smelter Closure and Other Good News » A series of positive news cheered the aluminum market. The October-delivery aluminum in SHFE market hit a high of 14,520 y...
Wednesday, August 27, 2014 Rusal to keep aluminum smelters' run rate below 80% despite rising prices » Russian Rusal plans to produce 1.8 million mt of aluminum over July-December, keeping the run rate of its smelters at less...
Tuesday, August 26, 2014 BREAKINGVIEWS-Court order adds urgency to India's coal crunch » India's Supreme Court has added urgency to the country's coal crunch. That may force the government to take steps to end t...
Tuesday, August 26, 2014 Coffeyville refinery to restart this week after fire » The Coffeyville refinery will restart operations this week after a fire shut it down on July 29. http://www.kansas.com/n...
Tuesday, August 26, 2014 Run rates still recovering at Amuay refinery after 2012 blast, PDVSA says » Venezuela's state-owned Petroleos de Venezuela SA (PDVSA) said crude oil throughput rates continue to recover at the Amuay...
Tuesday, August 26, 2014 EIA predicts 75 percent increase in Mexico’s oil output » Mexico’s actions to end its state monopoly on oil and natural gas will spur a “profound” increase in country’s oil product...
Monday, August 25, 2014 State Department: Enbridge can boost oil sands imports without new permits » Canada-based transportation company Alberta Enbridge won clearance from the U.S. State Department to move more oil sands i...
Monday, August 25, 2014 Understanding Enbridge’s Oil Sands Pipeline Tactic From Canada » A pipeline company intends to connect two pipelines in order to add more than 300,000 barrels per day of capacity to cross...
Monday, August 25, 2014 Keystone XL - who needs it? We got a railroad! » Climate change and tar sands activists opposing Keystone XL need to wake up to a new reality - the pipeline has already be...
Monday, August 25, 2014 SK E&C wins has won an oil sands plant project in Canada worth $2.5 billion » SK E&C, the construction arm of SK Group, has won an oil sands plant project in Canada worth $2.5 billion. http://ww...
Monday, August 25, 2014 will begin the construction of a cement plant in Colombia » On 14 Aug 2014 CEMEX, S.A.B. de C.V. (NYSE:CX) announced that its subsidiary, CEMEX Latam Holdings, S.A. (“CLH”) (CLH.V),...
Monday, August 25, 2014 Refinery’s cranes lift more than parts as McPherson booms » For years, the The National Cooperative Refinery Association oil refinery has been a pivotal fixture of the McPherson skyl...
Monday, August 25, 2014 Terrace residents fight for standing in appeal of Rio Tinto smelter permit » Two individuals are continuing a fight for standing in an appeal of an air emissions permit for Rio Tinto’s $3.3-billion s...
Monday, August 25, 2014 Alcoa to Close Portovesme Smelter in Italy » Alcoa (NYSE:AA) today announced that it intends to permanently close its Portovesme (Carbonia-Iglesias, Italy) primary alu...
Friday, August 22, 2014 IOC to hike processing of cheaper crude to 30 pc by 2017-18 » OC owns 30 per cent of the nation’s oil refining capacity, turned 54.65 million tons of crude oil into fuel. Of the crude...
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