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News & Press

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

Industry News
Tuesday, May 7, 2013 Exxon Mobil Corp said on Monday that the crude distillation unit would be included in a multi-week » http://www.brecorder.com/business-a-finance/industries-a-sectors/118252-exxon-says-overhauling-la-refinery-crude-unit.html
Monday, May 6, 2013 India's NALCO may have to cut its daily aluminium output by 25 percent due to coal supply shortages » http://www.reuters.com/article/2013/05/05/india-nalco-idUSL3N0DM05B20130505
Monday, May 6, 2013 Russia-based Mechel OAO’s (MTL) mining unit’s trading subsidiary – Mechel Carbon (Singapore) Pte. L » http://in.finance.yahoo.com/news/mechel-posco-coking-coal-supply-173003935.html
Monday, May 6, 2013 Growth in China's services sector slowed sharply in April to its lowest point since August 2011, a » http://www.reuters.com/article/2013/05/06/us-china-economy-services-pmi-idUSBRE94501020130506
Monday, May 6, 2013 The U.S. economy looks better placed to withstand a slowdown projected for the second quarter as th » http://www.bloomberg.com/news/2013-05-04/job-gains-to-help-buffer-u-s-economy-through-slowdown.html
Monday, May 6, 2013 Europe will take longer to recover from its economic crisis as it tackles a worse-than-expected rec » http://www.washingtonpost.com/business/eu-predicts-eurozone-recession-to-continue-in-2013-unemployment-to-stay-high/2013/0...
Monday, May 6, 2013 Chinese coal miners are likely to cut output more to curb losses after a flood of cheap imports and » http://uk.reuters.com/article/2013/05/06/china-coal-production-idUKL3N0D92K420130506
Monday, May 6, 2013 Australian thermal coal benchmark prices rose slightly this week despite continuing sluggish demand » http://www.reuters.com/article/2013/05/03/coal-asia-idUSL3N0DD64P20130503
Monday, May 6, 2013 Exxon Mobil Corp. ( XOM ) said Thursday that several process units at its refinery in Torrance, Cal » http://www.nasdaq.com/article/refinery-status-exxon-torrance-refinery-beginning-maintenance-20130503-00711
Friday, May 3, 2013 Manufacturing across the world stumbled last month, underlining the fragility of the global economy » http://www.reuters.com/article/2013/05/02/global-economy-pmi-idUSL6N0DJ1EK20130502
Friday, May 3, 2013 The labor market rebounded last month as the U.S. economy added 165,000 net new jobs and the unempl » http://www.latimes.com/business/money/la-fi-mo-unemployment-rate-jobs-economy-20130503,0,973835.story
Friday, May 3, 2013 European power prices dropped to records as thermal coal slumped to the cheapest level in almost th » http://www.bloomberg.com/news/2013-05-02/european-power-for-2014-slides-to-record-as-coal-prices-decline.html
Friday, May 3, 2013 The chief executive of the newly merged Glencore Xstrata (GLEN.LN) said it may take five years to d » http://www.foxbusiness.com/news/2013/05/02/glencore-xstrata-success-will-depend-on-intergration-coal-price-ceo/
Friday, May 3, 2013 Tesoro Corp is nearing the end of the regulatory review of its planned purchase of BP Plc's 240,000 » http://www.reuters.com/article/2013/05/02/refinery-purchase-tesoro-carson-idUSL2N0DJ15O20130502
Friday, May 3, 2013 TransCanada Corp, Canada's No. 2 pipeline company, said on Friday the long wait for U.S. government » http://www.reuters.com/article/2013/04/26/us-transcanada-results-idUSBRE93P0NX20130426
Thursday, May 2, 2013 Capital improvements and higher margins driven by the company’s use of discounted crude oil led ref » http://fuelfix.com/blog/2013/05/02/tesoro-income-jumps-66-in-first-quarter/
Thursday, May 2, 2013 The steady growth in oil production from U.S. shale fields has triggered midstream development and » http://fuelfix.com/blog/2013/05/02/shale-boom-triggers-price-differentials-midstream-development/
Thursday, May 2, 2013 Statoil ASA (STL), Norway’s biggest energy company, said profits fell by 29 percent in the first qu » http://www.bloomberg.com/news/2013-05-02/statoil-profit-slides-more-than-estimated-as-production-declines.html
Thursday, May 2, 2013 Low aluminum prices have prompted Alcoa Inc. to consider shrinking its global smelting capacity, in » http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/alcoa-weighs-more-aluminum-production...
Thursday, May 2, 2013 Indonesian and Australian coal exporters are moving aggressively to fend off competition to meet Ja » http://www.reuters.com/article/2013/05/01/japan-coal-idUSL3N0DBH9U20130501
Thursday, May 2, 2013 China's coal production has posted a rare decline, raising new questions about the strength of the » http://www.rfa.org/english/commentaries/energy_watch/coal-04292013133937.html
Thursday, May 2, 2013 PBF, which owns refineries in Delaware, Paulsboro, N.H., and Toledo, Ohio, reported net income of $ » http://www.delawareonline.com/article/20130502/NEWS/130502014/Delaware-City-refinery-owner-s-profits-beat-estimates-
Thursday, May 2, 2013 ST. CROIX - HOVENSA on Tuesday released a brief statement saying that the agreement it struck with » http://virginislandsdailynews.com/news/refinery-owners-reviewing-agreement-1.1482248
Wednesday, May 1, 2013 Continuing to profit from lower-priced U.S. shale oil, Phillips 66 announced Wednesday first-quarte » http://fuelfix.com/blog/2013/05/01/phillips-66-announces-strong-first-quarter-earnings/
Wednesday, May 1, 2013 Oil resources in shale formations of North Dakota, Montana and nearby states are 7.4 billion barrel » http://www.bloomberg.com/news/2013-04-30/bakken-three-forks-has-more-oil-than-2008-estimate-usgs.html
Wednesday, May 1, 2013 Light Louisiana Sweet crude weakened against heavier grades, making it more difficult for refiners » http://www.businessweek.com/news/2013-04-30/gulf-coast-cokers-break-even-as-lls-maya-spread-narrows-below-5
Wednesday, May 1, 2013 China’s manufacturing expanded at a weaker pace in April in a sign that the slowdown in the world’s » http://www.bloomberg.com/news/2013-05-01/china-manufacturing-expands-at-weaker-pace-after-economy-slows.html
Wednesday, May 1, 2013 Valero, the world's largest independent oil refiner, has seen its revenue benefit from increased gl » http://www.marketwatch.com/story/valero-energy-swings-to-profit-as-margins-improve-2013-04-30
Tuesday, April 30, 2013 BP Plc (BP/), Europe’s second-biggest oil company, reported profit that beat analyst estimates beca » http://www.bloomberg.com/news/2013-04-30/bp-first-quarter-profit-declines-on-lower-crude-prices-output.html
Tuesday, April 30, 2013 Spending by U.S. consumers cooled in March after the strongest gain in five months, showing the big » http://www.bloomberg.com/news/2013-04-29/consumer-spending-in-u-s-climbs-more-than-forecast-on-services.html
Tuesday, April 30, 2013 Spain reported another quarter of economic decline on Tuesday, with the economy contracting 0.5 per » http://www.cnbc.com/id/100687442
Tuesday, April 30, 2013 HM Bangur, MD, Shree Cements , says that the company posted its third quarter number where they rep » http://www.moneycontrol.com/news/results-boardroom/expect-price-rise-power-biz-upping-margins-shree-cement_861838.html
Monday, April 29, 2013 Chevron Corp.’s net income fell 4.5 percent in the first quarter as oil prices fell and refinery ou » http://fuelfix.com/blog/2013/04/26/chevron-profit-down-4-5-pct-on-lower-oil-prices/
Monday, April 29, 2013 Century Aluminum Co. (CENX), the third- largest U.S. producer of the metal by market value, said it » http://www.bloomberg.com/news/2013-04-29/century-to-acquire-kentucky-aluminum-smelter-from-rio-tinto.html
Monday, April 29, 2013 The Japanese government is moving to speed up the environmental assessment process for new coal-fir » http://www.smh.com.au/business/japan-turns-back-to-coalfired-power-plants-20130425-2ihb0.html
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