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News & Press

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

Industry News
Tuesday, August 12, 2014 Indian Oil Aims to Start Crude Processing at Paradip in December » Indian Oil Corp (IOC) Ltd, the country's biggest oil refiner, aims to start crude processing at its 300,000-barrels-per-da...
Tuesday, August 12, 2014 Cheap crude benefits USGC refiners » Cheap North American crude and strong spot prices for ULSD on both sides of the Atlantic have kept US Gulf Coast refinerie...
Tuesday, August 12, 2014 Petrobras expects sharp cut in fuel imports starting in November » Brazil's state-run oil company Petrobras expects to see a sharp decline in the amount of gasoline and diesel fuel it impor...
Tuesday, August 12, 2014 CVC in talks with Singapore's GIC over Holcim-Lafarge assets - Sky News » Private equity firm CVC [CVC.UL] is in talks with Singapore's Government Investment Corporation [GIC.UL] over possible joi...
Tuesday, August 12, 2014 Fitch: U.S. West Coast Port's Labor Delay Sending Cargo North » The ongoing risk of a strike or work slowdown at West Coast ports may already be diverting cargo to other distribution met...
Tuesday, August 12, 2014 NALCO EYEING OMAN, IRAN FOR $3BN SMELTER ON COAL SHORTAGE IN INDIA » Domestic coal shortages are prompting India’s National Aluminium Co (Nalco) to plan construction of a US$3bn smelter compl...
Monday, August 11, 2014 Crude & Brent Oil Fundamental Analysis August 11, 2014 Forecast » Crude Oil is holding on to morning gains as traders panicked as violence in Iraq is close to the oil fields and could have...
Monday, August 11, 2014 What Mexico’s Energy Reform Means for Big Oil » Mexico’s Congress have given final approval to a far-reaching energy reform bill that will open up the oil and gas sector...
Monday, August 11, 2014 Essar to shut a unit at Vadinar refinery for a week » Economic Times reported that Essar Oil will shut a 40,000 barrel per day unit at its Vadinar refinery for a week for maint...
Monday, August 11, 2014 Petcoke Problems Persist on Southeast Side » A dust-up on the Southeast Side this week makes clear the ongoing fight over storage of petcoke from BP's nearby refinery...
Friday, August 8, 2014 Gas and Oil Traders Near Panic » Crude oil prices traded positive yesterday after reports the United States was considering airstrikes on advancing Islamic...
Friday, August 8, 2014 East Australia in no need of new power capacity » Falling grid consumption and increased use of rooftop solar panels means no new power generation is required within the Na...
Friday, August 8, 2014 Cost overrun in Kitimat aluminum smelter upgrade; Rio Tinto adds $1.5B to project » The cost of upgrading a BC aluminum smelter is rising sharply, meaning more spending in this province by its owner. http...
Friday, August 8, 2014 City issues ‘cease and desist’ order against company for petcoke storage without permit » An East Side neighborhood-based company was issued a cease and desist order this week for allegedly storing and handling p...
Friday, August 8, 2014 China Aluminum Exports at 3-Year High on Rising Overseas Prices » Aluminum shipments from China, the world’s largest producer and user, rose to the highest level in three years as higher p...
Friday, August 8, 2014 Rio Tinto’s Kitimat aluminum smelter upgrade price tag rises to US$4.8 billion » Rio Tinto will pump another US$1.5 billion into the aluminum smelter upgrade at Kitimat, B.C., increasing the total projec...
Thursday, August 7, 2014 Nomura Says Aluminum Rally Is Overdone » Alcoa shares trended down Thursday after one analyst said the worldwide aluminum market has slipped into an oversuppl...
Thursday, August 7, 2014 US west coast ports headed for possible strike, shutdown » For executives at the ports of Los Angeles and Long Beach, the 120 disgruntled truck drivers who picketed for five days la...
Thursday, August 7, 2014 With demand for and supply of coal to grow in the near future prices are expected to rebound in the » Coal, besides being a cheap source of electricity generation, also serves as a major raw material for various industries,...
Thursday, August 7, 2014 CB&I to supply heaters, steam reformer for big Oman refining project » CB&I has been awarded a contract valued in excess of $50 million by the Daelim-Petrofac venture for the design and sup...
Thursday, August 7, 2014 Why coal-fired power companies are looking burnt out - Australia » The National Electricity Market supplies electricity to 19 million users across five states on Australia’s east coast. Mov...
Wednesday, August 6, 2014 Rosneft increases oil production at Tuapse refinery » As part of works on finishing construction of Tikhoretsk-Tuapse-2 long-distance pipeline, including building of the engine...
Wednesday, August 6, 2014 Why RIL's refining margins won't fall » For the last few quarters, analysts have been expecting refining margins of complex refiners like Reliance industries to d...
Wednesday, August 6, 2014 FACTBOX-Japan's new oil refining mandate » An industry ministry directive that went into effect on July 31 could force the industry to cut refining capacity by as mu...
Wednesday, August 6, 2014 UPDATE 2-HollyFrontier sees higher refining margins in third quarter » U.S. refiner HollyFrontier Corp reported a better-than-expected profit for the third quarter in a row and said it expects...
Wednesday, August 6, 2014 UPDATE 1-Venezuela would sell U.S. refiner Citgo if offer appeals » Venezuelan state oil company PDVSA will sell North American unit Citgo Petroleum if it receives a good offer, Petroleum Mi...
Wednesday, August 6, 2014 Residents: Restrict Emissions at Oil Refineries » The new rule also would compel refiners to purchase and place monitors to track emissions of the carcinogen into those com...
Tuesday, August 5, 2014 US independents cool to Citgo offering » — PdV's efforts to sell off some or all of its nearly 800,000 b/d of US refining capacity does not appear to be drawing mu...
Tuesday, August 5, 2014 Holcim and Lafarge Announce Details of Proposed Asset Disposals in Brazil as Part of Their Planned M » Lafarge (Paris:LG) and Holcim today announce further details on their proposal for comprehensive divestments in Brazil, as...
Tuesday, August 5, 2014 Rio Tinto's Aluminum Unit to Show Its Mettle » Rio Tinto's financial results have followed a predictable theme in recent years: strong profits from iron ore and bad news...
Tuesday, August 5, 2014 Alcoa owners tell Santee Cooper they won't renew South Carolina power contract; talks continue » Alcoa and an investor in its Berkeley County smelter have notified Santee Cooper they will not renew their electricity con...
Monday, August 4, 2014 UPDATE 2-Fire at PetroChina's Lanzhou refinery put out » A fire broke out at a PetroChina refinery and petrochemical plant on Monday but was later put out and no casualties were r...
Monday, August 4, 2014 Houston refinery no longer will buy Kurdish crude » A Houston refinery owner says it will no longer buy crude at the center of a battle between Iraq and the semi-autonomous K...
Monday, August 4, 2014 UPDATE 1-EU to clear Cemex, Holcim Spain deal without conditions -source » Mexican cement producer Cemex is set to secure unconditional European Union antitrust approval for its planned acquisition...
Monday, August 4, 2014 UPDATE 2-Enbridge sees new pipeline to U.S. Gulf operating in October » Enbridge Inc's new 450,000 barrel-per-day Seaway Twin pipeline, to carry Canadian oil sands crude to North America's large...
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