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News & Press

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

Industry News
Saturday, May 26, 2012 LIMA, Peru -(MarketWatch)- Peru's state-owned Petroleos del Peru , or Petroperu, has signed a contr » http://www.marketwatch.com/story/petroperu-inks-talara-refinery-modernization-deal-2012-05-24
Saturday, May 26, 2012 May 24 (Reuters) - Japan's top oil refiner, JX Nippon Oil & Energy Corp, shut the 189,000 barrels p » http://www.reuters.com/article/2012/05/24/refinery-operations-jx-idUSL4E8GO4FR20120524
Wednesday, May 23, 2012 May 23 (Reuters) - Norsk Hydro on Wednesday said it plans to shut its 180,000-tonnes-per-year Kurri » http://www.reuters.com/article/2012/05/23/australia-norsk-aluminium-idUSL4E8GN0MD20120523
Wednesday, May 23, 2012 The world’s shipping companies are turning to private equity to help fill a $249 billion funding ga » http://www.bloomberg.com/news/2012-05-22/bank-retreat-on-shipping-seen-filled-by-private-equity-freight.html
Wednesday, May 23, 2012 Japan reported lower-than-estimated exports and a wider trade deficit for April, underscoring risks » http://www.businessweek.com/news/2012-05-22/japan-april-trade-gap-widens-as-exports-below-forecastest
Wednesday, May 23, 2012 (Reuters) - The World Bank cut its economic growth forecast for China this year to 8.2 percent on W » http://www.reuters.com/article/2012/05/23/us-worldbank-eastasia-idUSBRE84M04A20120523
Wednesday, May 23, 2012 MUMBAI: Reliance Industries Limited (RIL) will boost refining margins by $3 a barrel in three to fo » http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/reliance-industries-limited-to-boost-refining-mar...
Tuesday, May 22, 2012 May 21 (Reuters) - Rio Tinto Alcan has written to Japanese buyers asking them to pay a record premi » http://www.reuters.com/article/2012/05/21/japan-aluminium-premiums-idUSL4E8GL37N20120521
Tuesday, May 22, 2012 India, the world’s third-largest coal user, imported 11 percent less of the fuel in April compared » http://www.bloomberg.com/news/2012-05-22/india-imported-10-3-million-tons-coal-in-april-interocean-says.html
Tuesday, May 22, 2012 A sobering article from Reuters points to potential credit problems with commodity buyers in China. » http://www.forexpros.com/analysis/commodity-price-declines-point-to-demand-problems-in-china-123918
Tuesday, May 22, 2012 JSW Steel Ltd. (JSTL), India’s second- largest importer of coking coal, is turning to Rio Tinto Gro » http://www.businessweek.com/news/2012-05-21/jsw-seeks-african-coal-to-beat-australian-rains-corporate-india
Tuesday, May 22, 2012 Iron ore and coking coal buyers in China are seeking to defer importing cargoes as domestic steel m » http://www.businessweek.com/news/2012-05-20/chinese-iron-ore-buyers-defer-imports-cargoes-mirae-says
Tuesday, May 22, 2012 The UAE's GDP growth this year is expected to decline to 2.3 per cent, down from 4.9 per cent last » http://gulfnews.com/business/economy/imf-report-shows-steady-growth-recovery-for-uae-1.1026089
Tuesday, May 22, 2012 May 21 (Reuters) - The coking unit at Exxon Mobil Corp's 344,500 barrel-per-day Beaumont, Texas, re » http://www.reuters.com/article/2012/05/21/refinery-operations-exxon-beaumont-idUSH5E8E501M20120521
Tuesday, May 22, 2012 Reliance Industries is seeking a loan of about USD 1 billion to fund its petrochemicals and telecom » http://www.indianexpress.com/news/ril-seeks-1-bn-loan-to-fund-expansion/952038/
Tuesday, May 22, 2012 HOUSTON, May 21, 2012 (BUSINESS WIRE) -- Phillips 66 PSX -2.16% today announced that Reliance Indu » http://www.marketwatch.com/story/phillips-66s-e-gastm-technology-selected-for-reliance-industries-gasification-project-201...
Tuesday, May 22, 2012 BARCELONA – Eni SpA (E), Italy's biggest energy company by market value, said Tuesday that a refin » http://www.foxbusiness.com/news/2012/05/22/eni-middle-east-refining-boom-problem-for-european-refiners/
Monday, May 21, 2012 The oil ministry has directed state refiners to auction raw petroleum coke or RPC and give preferen » http://articles.economictimes.indiatimes.com/2012-05-18/news/31765515_1_rpc-ioc-refineries-oil-ministry
Monday, May 21, 2012 A major Red Sea oil refinery joint venture between Saudi Arabia and China is expected to be working » http://www.tradearabia.com/news/CM_217812.html
Thursday, May 17, 2012 CORPUS CHRISTI — Despite recent legal setbacks related to an air permit needed to break ground on t » http://www.caller.com/news/2012/may/16/las-brisas-project-slowed-but-not-sidetracked-by/
Thursday, May 17, 2012 Widespread expectations that rising power costs and a falling aluminum price would force smelter cl » http://agmetalminer.com/2012/05/17/with-low-aluminum-prices-where-are-chinese-capacity-closures/
Thursday, May 17, 2012 May 17 (Reuters) - Valero Energy Corp said Thursday the coker at its 292,000-barrel-per-day refiner » http://www.reuters.com/article/2012/05/17/refinery-operations-valero-portarthur-idUSWNAB212520120517
Thursday, May 17, 2012 Japan’s economy expanded faster than estimated in the first quarter, boosted by reconstruction spen » http://www.businessweek.com/news/2012-05-16/japan-s-economy-grows-more-than-forecast-4-dot-1-percent-in-first-quarter
Thursday, May 17, 2012 Russia’s economy grew last quarter at the fastest pace since the three months ended September 2011, » http://www.businessweek.com/news/2012-05-14/russia-s-economy-probably-slowed-as-euro-crisis-roiled-exporters
Thursday, May 17, 2012 May 17 (Reuters) - India's state-run National Aluminium Co on Thursday said it has sold 12,000 tonn » http://www.reuters.com/article/2012/05/17/india-nalco-idUSL4E8GH6BE20120517
Thursday, May 17, 2012 May 16 (Reuters) - A fire late on Tuesday in a pumphouse at the 100,000 barrel-per- day Consumers' » http://www.reuters.com/article/2012/05/16/refinery-operations-coop-regina-idUSL1E8GGD7G20120516
Wednesday, May 16, 2012 NEW YORK – Valero Energy Corp. (VLO) on Tuesday reported flaring at its oil refinery in Port Arthu » http://www.foxbusiness.com/news/2012/05/16/valero-port-arthur-refinery-flares-due-to-coker-compressor-upset-filing/
Wednesday, May 16, 2012 Exxon Mobil Corp. (XOM) on May 14 said work is progressing to restart the compressor that malfuncti » http://www.nasdaq.com/article/refinery-status-fccu-hydrotreater-work-under-way-at-chevron-richmond-20120515-01071
Wednesday, May 16, 2012 The ocean freight industry is still struggling to overcome the slow-down caused by the global reces » http://www.midwestproducer.com/news/markets/freight-rates-help-carry-u-s-wheat-value-far/article_9d573d60-9ec3-11e1-9b87-0...
Wednesday, May 16, 2012 May 15 (Reuters) - Delek U.S. Holdings Inc. said a power interruption last week forced the fluid ca » http://www.reuters.com/article/2012/05/15/delekus-idUSL4E8GF99H20120515
Wednesday, May 16, 2012 NEW YORK – Pasadena Refining Systems Inc. said Tuesday that all process units at its oil refinery » http://www.foxbusiness.com/news/2012/05/15/pasadena-refining-says-texas-refinery-returns-to-normal-rates/
Wednesday, May 16, 2012 The U.S. oil infrastructure is the product of four decades of rising imports and falling domestic s » http://www.businessweek.com/articles/2012-05-16/unlocking-the-crude-oil-bottleneck-at-cushing
Wednesday, May 16, 2012 A Travis County judge has stalled plans for a Corpus Christi power plant after finding flaws in the » http://www.chron.com/news/houston-texas/article/Planned-power-plant-in-jeopardy-after-judge-finds-3560966.php
Wednesday, May 16, 2012 Emergency crews quickly contained a fire in a pumphouse at the Co-op refinery complex on Tuesday ni » http://www.thestarphoenix.com/news/Refinery+Fire+Contained/6628102/story.html
Wednesday, May 16, 2012 Century Aluminum is still committed to working out a power rate deal and getting the Ravenswood fac » http://www.newsandsentinel.com/page/content.detail/id/561087/Century-officials-committed-to-reopening-plant.html?nav=5061
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