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News & Press

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Industry News
Friday, August 22, 2014 Europe Refinery Profits Seen Lowest Since ’11 on Imports » European refiners are already enduring the worst slump in decades. A growing heating-oil glut is about to make it worse....
Friday, August 22, 2014 Refinery retrofits ahead on Gulf Coast » The Texas Gulf Coast will be ground zero for a push to equip refineries to handle a flood of light crude unlocked in the U...
Thursday, August 21, 2014 DEQ prepares draft permit for Holcim Inc. » The Department of Environmental Quality has prepared a draft permit for Holcim Inc. to construct a project to modernize th...
Thursday, August 21, 2014 No clarity on Mahan pushes Hindalco to import coal » Analysts say imported coal will shrink Hindalco’s profit margin, but currently aluminium’s price is rising, which may soft...
Thursday, August 21, 2014 Med Crude-Urals weakens in the Med, Achinsk refinery to restart » Russian Urals crude weakened on Thursday in the Mediterranean, catching up with much weaker prices in the Baltic, showing...
Wednesday, August 20, 2014 Aluminum: Too much to handle » Producing aluminum in Brazil got so expensive as electricity prices surged to records this year that Alcoa Inc. idled its...
Wednesday, August 20, 2014 ANALYSIS-Refiners seek Jones Act workarounds as crude export debate heats up » As the first U.S. oil condensate exports head to Asia from the Gulf Coast, crude producers and refiners are exploring ways...
Wednesday, August 20, 2014 Billiton spins off SA assets into NewCo » BHP Billiton planned to establish and split off a new metals and mining company, NewCo, in which its South African alumini...
Wednesday, August 20, 2014 AGL flag closure of Tomago smelter » ENERGY company AGL has controversially flagged the potential closure of the Tomago Aluminium smelter in a statement to the...
Wednesday, August 20, 2014 AGL modelling says Hunter power plant and aluminium smelter could close » Gas giant AGL says it is basing forward modelling on conservative assumptions that a newly acquired Hunter Valley power pl...
Wednesday, August 20, 2014 Regulators deny southeast Missouri smelter’s rate request » The Missouri Public Service Commission on Wednesday denied Noranda Aluminum’s request for a special rate from Ameren Misso...
Wednesday, August 20, 2014 Pemex to import light crude from US » Mexico’s state-owned oil company, Pemex, is poised to abandon a decades-old devotion to self-sufficiency in crude oil, ent...
Wednesday, August 20, 2014 Long Beach City Council upholds decision on coal exports » Coal and petroleum coke will continue to be exported from the Port of Long Beach. http://www.presstelegram.com/governmen...
Wednesday, August 20, 2014 HeidelbergCement Says House Boom Fails to Cure UK Market » HeidelbergCement AG (HEI), operator of the Hanson cement brand in Britain, said a boom in U.K. housebuilding hasn’t raised...
Wednesday, August 20, 2014 Long Beach council approves coal lease » The Long Beach City Council on Tuesday denied a request by a coalition of environmental groups to require that the Port of...
Monday, August 18, 2014 IOC to hike processing of cheaper crude to 30% by 2017-18 » NEW DELHI: Indian Oil Corp (IOC), the nation's largest oil firm, plans to raise processing of cheaper crude oil varieties...
Monday, August 18, 2014 China refined aluminium and zinc at record production » Reuters reported that aluminium, zinc on record production of primary aluminium went up 1.2% compared with last month, hit...
Monday, August 18, 2014 Aluminium outlook improves on rising deficit » In 2007, the height of the global commodities boom, Aditya Birla Group Chairman Kumar Mangalam Birla and Tom Albanese, chi...
Friday, August 15, 2014 Rail oil tankers, victim of U.S. safety rules, also unwanted in Canada » Thousands of oil train tankers soon to be deemed obsolete in the United States are unlikely get a second life in Canada's...
Friday, August 15, 2014 NYMEX-U.S. crude edges down towards $95, demand outlook cloudy » U.S. crude oil continued its drop towards $95 a barrel on Friday after falling more than $2 a barrel the day before to end...
Friday, August 15, 2014 Mexico's Cemex to build $340 mln plant in Colombia » Mexican cement maker Cemex on Thursday said it will start building a $340 million plant in Colombia to increase production...
Friday, August 15, 2014 What could BHP Billiton divest? » There are several Australian assets that will be up for consideration in the demerger that BHP Billiton has flagged. htt...
Friday, August 15, 2014 Brazil Becomes Aluminum Importer as Cost of Power Surges » Producing aluminum in Brazil got so expensive as electricity prices surged to records this year tha tAlcoa Inc. (AA) idled...
Friday, August 15, 2014 BHP announces $14b demerger of non-core assets » BHP Billiton is pushing ahead with a demerger of its non-core assets, with chief Andrew Mackenzie preparing to unveil as s...
Thursday, August 14, 2014 Abundant light crude creates a sweet situation for refiners » The future of oil refining in Houston and the Gulf Coast increasingly belongs to the pipeline. http://www.houstonchronic...
Thursday, August 14, 2014 Eurozone recovery stops dead » After four quarters of meager growth, the fragile economic recovery in the 18-country eurozone creaked to a halt in the se...
Thursday, August 14, 2014 Eurozone 'stares recession in the face' and ECB under fire as German economy shrinks and France stag » The eurozone is 'staring recession in the face once more' as its economy showed no growth in the second quarter and inflat...
Thursday, August 14, 2014 Germany's RWE warns of supply risks as power sector crisis bites » Germany's RWE reported a 40-percent plunge in first-half profits, blaming loss-making power plants and warning that power...
Thursday, August 14, 2014 Nine reasons why thermal coal is struggling (and will continue to do so) » The price of thermal coal has fallen 51% since peaking in January 2011. Secular factors like permanent demand destruction...
Thursday, August 14, 2014 Romanian aluminum producer Alro posts EUR 18 mln loss in the first half » Romanian aluminum producer Alro S.A. recorded an adjusted net loss of RON 80 million (almost EUR 18 million) in the first...
Thursday, August 14, 2014 Labour costs impacting Kitimat smelter project » The price tag for an aluminum smelter upgrade in Kitimat, B.C. has reached US$4.8 billion, after project overruns prompted...
Wednesday, August 13, 2014 COLUMN-Australian coal miners running out of costs to cut: Russell » Coal miners in Australia have spent the past two years desperately cutting costs in a bid to survive falling prices, but t...
Wednesday, August 13, 2014 September North Sea oil output set to rise by 5 pct » North Sea daily oil output tracked by Reuters is set to rise by 5.4 percent in September from August as Forties supply sho...
Wednesday, August 13, 2014 Noranda CEO says lower power rates are key to company's sustainability » While higher LME aluminum prices have helped Noranda's second-quarter earnings, they are not enough to drive sustainable r...
Tuesday, August 12, 2014 Indian Oil Company to invest Rs 8,700 crores in Mathura refinery expansion project » Uttar Pradesh government today said Indian Oil Corporation will invest around Rs 8,700 crores in the Mathura refinery expa...
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