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News & Press

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

Industry News
Tuesday, April 1, 2014 Saudi JV Jubail refinery to reach full output by mid-2014 - Total » The joint venture 400,000-barrels-per-day Jubail refinery in Saudi Arabia will reach full production capacity by around mi...
Tuesday, April 1, 2014 Inalum and Antam to build USD 1.7 billion smelter » The Jakarta Post reporetd that PT Indonesia Asahan Aluminium (Inalum) and publicly listed state owned diversified miner PT...
Tuesday, April 1, 2014 Aluminium up after Alcoa cuts, copper gains on stimulus hopes » Aluminium climbed on Friday after U.S. producer Alcoa cut more capacity from an over-supplied market while copper hit its...
Friday, March 28, 2014 LME halts warehouse reform after losing court case » The London Metal Exchange (LME) will not implement reforms of its warehousing network as scheduled next month after it los...
Friday, March 28, 2014 China's Economy Under Mounting Stress » Bad news is piling up for China's economy, raising fears Beijing's financial power may not be sufficient this time around...
Friday, March 28, 2014 US consumer spending up modest 0.3 percent » Americans barely increased their spending in February following a weak January performance, strong evidence that the sever...
Friday, March 28, 2014 Rusal seeks debt deal to escape possible default » Rusal, the world's largest aluminium producer, could default on some of its multi-billion dollar debt if it fails to reach...
Friday, March 28, 2014 Alcoa to cut capacity at two aluminum smelters in Brazil » Alcoa Inc, the biggest U.S. aluminum producer, said it would cut 147,000 metric tons of capacity at two aluminum smelters...
Friday, March 28, 2014 Japan steps up shift to coal, gas amid nuclear shutdowns » Japan's utilities are again stepping up plans to increase electricity output from coal and natural gas to replace lost nu...
Friday, March 28, 2014 White House Calls for New Rules to Cut Methane Emissions » In his fight against climate change, President Barack Obama is directing federal agencies to clamp down on emissions of me...
Friday, March 28, 2014 Metallurgical Coal Benchmark Falls to Six-Year Low, Doyle Says » The benchmark coking coal contract for the second quarter fell to the lowest level in six years, portending supply cuts fo...
Wednesday, March 26, 2014 Britain Reaches Deal to Clear Trades in Chinese Currency » The Bank of England and the People’s Bank of China reached an agreement on Wednesday to allow clearing on renminbi trades...
Wednesday, March 26, 2014 U.S. Steel looking at building another electric arc furnace » U.S. Steel said in January that it was applying for permits to build an electric arc furnace to replace the blas...
Wednesday, March 26, 2014 Numsa says job loss will result from BHP Billiton’s Bayside plan » BHP Billiton and the National Union of Metalworkers of South Africa (Numsa) met for the second time on Tuesday over the pr...
Tuesday, March 25, 2014 Economist: Transport causing ‘serious logistical challenge’ for shale boom » Despite major accidents in the past year, U.S. oil companies must keep using the nation’s railroads to move crude to...
Tuesday, March 25, 2014 Houston Ship Channel partially reopens to ship traffic after oil spill » The Coast Guard partially reopened one of the nation's busiest seaports to ship traffic Tuesday, three days after a collis...
Tuesday, March 25, 2014 Manufacturers Ended 2013 With Strong Profit Growth » Manufacturing firms posted the best profit increase in two-and-half years during the fourth quarter of 2013 after a slowdo...
Tuesday, March 25, 2014 Malfunction at BP's Whiting Refinery sends oil into Lake Michigan » State and federal environmental officials were at the scene of an oil spill into Lake Michigan Tuesday morning following a...
Tuesday, March 25, 2014 Vital Houston oil tanker routes shut amid spill cleanup » The closure of major Texas shipping channels that deliver crude to more than a tenth of the nation's refining capacity was...
Monday, March 24, 2014 Houston ship lane may reopen on Mon; Exxon cuts output » Exxon said production at its 560,500 barrel per day Baytown, Texas, refinery had been cut on Monday due to the closure of...
Monday, March 24, 2014 BPCL plans Rs 2,800 cr expansion at Bina refinery » India's second-largest oil marketing company Bharat Petroleum Corporation Limited (BPCL) plans to invest around Rs 2,800 c...
Monday, March 24, 2014 Citgo Corpus Christi Said to Begin Plant Restart by March 25 » The refinery has been shut since the first week of February for work that included repairs on the crude unit at the East p...
Monday, March 24, 2014 TABLE-Indian oil refiners processed 3.2 pct more in Feb vs yr ago - govt » Indian refiners processed 3.2 percent more oil in February than a year earlier, the first rise in five months, government...
Monday, March 24, 2014 Phillips 66 Considering Splitter at Sweeny Refinery » Phillips 66 (PSX) is considering building a condensate splitter at its Sweeny refinery in Texas that could...
Monday, March 24, 2014 Consumer Spending in U.S. to China Manufacturing: Global Economy » American consumer spending probably continued to recover in February from the slump caused by colder temperatures and snow...
Monday, March 24, 2014 Euro Zone’s Economy Is Still Ailing, but Improving » Even with the fourth-quarter improvement, the number of people working in most euro zone countries is well below the level...
Monday, March 24, 2014 Thermal coal prices to drop further on oversupply amid weak demand » Reuters reporetd that thermal coal prices are likely to fall in 2014 as mining output increases in an already oversupplied...
Monday, March 24, 2014 Coal plants challenged by natural gas, tough regulations » By 2020, about 60 gigawatts of coal-fired electric-generating capacity — enough to power an estimated 48.5 milli...
Monday, March 24, 2014 Coal plants challenged by natural gas, tough regulations » By 2020, about 60 gigawatts of coal-fired electric-generating capacity — enough to power an estimated 48.5 milli...
Monday, March 24, 2014 EIA projects more coal-fired power plant retirements by 2016 than have been scheduled » Coal-fired power plants in the United States have been under significant economic pressure in recent years because of...
Monday, March 24, 2014 Specialty markets for Bakken crude » Those sweet crude qualities make it a desirable product for use in many refineries. http://bismarcktribune.com/bakke...
Monday, March 24, 2014 Steel input costs fall globally but stay firm in India » While coking coal fell to $98-100 a tonne on Thursday from $132-134 a tonne on January 1, iron ore sof...
Monday, March 24, 2014 Coal Sliding as Australian Flood Boost Lost in Drought: Energy » The drought across most of Australia’s Queensland state means coal producers are exporting record volumes into an oversupp...
Monday, March 24, 2014 European refiners hit by diesel deficit, gasoline glut » Europe’s biggest wave of refinery shutdowns since the 1980s will probably last through the end of the decade, de...
Thursday, March 20, 2014 Russia January-February Steel Output 1.2% Down on Year » Russia's steel output in January-February fell by 1.2% compared with the same period in 2013, following lower demand on th...
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