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Industry News
Thursday, March 10, 2016 Ecopetrol postpones $3.4 billion refinery update » Colombian oil company Ecopetrol said Monday it’s postponing the $3.4 billion project to increase by 20% the crude processi...
Thursday, March 10, 2016 UPDATE 2-Lyondell CEO Patel says Houston refinery may be sold 'in longer term' » Lyondell Basell Industries Chief Executive Bob Patel said on Wednesday the chemical company may at some stage sell its 263...
Thursday, March 10, 2016 Saudi Aramco plans refinery in India » World’s largest crude exporter plans to invest in Asian refineries to ensure it has plenty of buyers in the fastest-growin...
Thursday, March 10, 2016 KAP Update » The Central European Aluminium Company (CEAC), a Cyprus-based major shareholder and one of the largest creditors of Monten...
Wednesday, March 9, 2016 UPDATE 1-Russia's Rusal to start Boguchansk aluminium smelter in H1 » MOSCOW, March 9 Russia's Rusal Plc plans to start its new Boguchansk aluminium smelter in the first half of 2016, the comp...
Wednesday, March 9, 2016 Poor trade data delivers reality check on Chinese economy » China reported a second month of poor trade data on Tuesday, providing a counter-point to the recent burst of optimism sur...
Wednesday, March 9, 2016 Chicago Fuel Firms Cough Up $950K To Settle Dust Suit » Law360, New York (March 8, 2016, 6:02 PM ET) -- An Illinois federal judge granted preliminary approval to a $950,000 deal...
Tuesday, March 8, 2016 GrafTech Announces Realignment of its Business Segments: Plans to Explore Strategic Alternatives fo » GrafTech International Ltd. today announced it plans to realign its two business segments. http://www.businesswire.com...
Tuesday, March 8, 2016 Dry bulk market finds support on smaller ships say brokers; Product Tanker Market is bottoming out » On the USG to India petcoke run, rates are also firming and high USD 8000’s are now the fashion. http://ww...
Tuesday, March 8, 2016 Paradip set to take Odisha and eastern India forward » IOCL is working on setting up an ethylene derivative complex at an estimated cost of Rs.3,800 crore, a PX-PTA complex at R...
Monday, March 7, 2016 Little price impact expected with Torrance restart » The restart of ExxonMobil's 155,000 b/d refinery in Torrance, California, this spring will slow imports but will have litt...
Monday, March 7, 2016 Cal/OSHA Cites ExxonMobil for Failing to Repair Equipment that Exposed Workers to Dangerous Chemical » Cal/OSHA opened an investigation following a hydrofluoric acid leak at the refinery’s alkylation unit on September 6, 2015...
Monday, March 7, 2016 Govt plans to reduce water and air pollutants by 2-3% » China will intensify its efforts to reduce pollution, Premier Li Keqiang said in his annual Government Work Report on Satu...
Monday, March 7, 2016 Brazil's Corruption Probe Nabs Former President » Brazilian officials have detained the country’s former president, Luiz Inacio Lula da Silva, as part of their investigatio...
Monday, March 7, 2016 (0 Comments - view/add) Will China’s Capacity Cuts Be Enough to Restore Global Balance? » As discussed previously, China plans to curtail its excess steel capacity. However, even if China actually cuts the excess...
Monday, March 7, 2016 Norway’s parliament investigates Norsk Hydro’s dealings with Tajik aluminum smelter » Aluminum IINCSIDER reports Norway’s parliament is seeking answers from Norsk Hydro about its dealings with a company regis...
Monday, March 7, 2016 Egypt's Suez Cement sees losses in 2015 » Suez Cement, an Egyptian subsidiary of Italcementi Group, saw EGP 60 million ($7.7 million) in losses in 2015, the company...
Monday, March 7, 2016 Rio Tinto's Bell Bay risks closure if Tassie energy crisis worsens » Rio Tinto's Bell Bay aluminium smelter could face a long-term production cutback or even closure with the loss of hundreds...
Monday, March 7, 2016 CMA CGM set to bring megaships to US West Coast » CMA CGM has announced plans to regularly use six 18,000 teu ships on its service between Asia and the US West Coast (USWC)...
Monday, March 7, 2016 Straumsvík Management Loads Aluminium Despite Labor Strike » Management at the Rio Tinto Alcan aluminium plant in Straumsvík loaded approximately three thousand metric tons of product...
Monday, March 7, 2016 PDVSA CRP Cardon refinery paralyzed due to a fire now under control » A small fire broke out at Venezuela's 310,000 barrel-per-day Cardon refinery on Saturday but it was quickly put out and th...
Monday, March 7, 2016 Egypt Dollar Crunch May Force Italcementi to Change Regional Hub » Italian cement maker Italcementi SpA may consider moving its regional hub from Egypt if the country’s dollar shortage pers...
Monday, March 7, 2016 European Commission: New Aluminium Technology Could Make Production Cleaner, More Efficient » European Commission: New Aluminium Technology Could Make Production Cleaner, More Efficient http://aluminiuminsider.co...
Monday, February 29, 2016 (0 Comments - view/add) China expects to lay off 1.8 million workers in coal, steel sectors » China expects to lay off 1.8 million workers in the coal and steel sectors as part of its efforts to reduce industrial ove...
Monday, February 29, 2016 India Raises Import Tax on Aluminum, Zinc to Curb China Supplies » India will increase taxes on imports of aluminum to curb cheap supplies that have poured in mainly from China, seeking to...
Monday, February 29, 2016 (0 Comments - view/add) U.S. oil drillers are finally beginning to buckle » For more than a year, American oil producers found a way to keep pumping despite a worldwide slide in crude prices. Like c...
Thursday, February 25, 2016 Oil prices jump as forecast for U.S. shale chopped » World oil prices leaped as much as 5 per cent after the West’s energy-security watchdog cut its forecast for growth of U.S...
Thursday, February 25, 2016 OPEC Unsure How It Can ‘Live Together’ With Shale Oil » OPEC and U.S. shale may need a relationship counselor. http://www.bloomberg.com/news/articles/2016-02-22/opec-s-...
Thursday, February 25, 2016 EGA shares latest technology innovations at TMS 2016 » United Arab Emirates: Promoting its technology development expertise to leading industry professionals, Emirates Global Al...
Thursday, February 25, 2016 Total, Saudi Aramco mull expansion of JV refinery » HOUSTON Texas Feb 23 (Reuters) - France's Total and Saudi Arabia's national oil company are considering expanding by 10 pe...
Thursday, February 25, 2016 Russia’s Oil Refining Margin to Fall 30% by 2017 – Consulting Group » The recently introduced taxes on the Russian oil market will lead to a 30 percent decrease in companies’ oil refining marg...
Thursday, February 25, 2016 Global excess refining capacity to grow 1.1 million b/d by 2021: IEA » Global surplus refining capacity is expected to rise by more 1 million b/d to 5.3 million b/d in 2021 creating “significan...
Thursday, February 25, 2016 Asia-Pacific crude: Demand firm even as refining margins weaken » The Asia-Pacific crude market was under pressure from weakening refining margins, although oil prices near their lowest in...
Thursday, February 25, 2016 Egypt's Midor signs $1.2 billion loan agreement » CAIRO Feb 23 (Reuters) - Egypt's state-owned Middle East Oil Refinery Company (Midor) has signed an initial loan agreement...
Thursday, February 25, 2016 Iowa Utilities Board sets pipeline decision for March » Five meetings and hours of deliberation later, the Iowa Utilities Board is honing in on a decision whether to allow the Ba...
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