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Industry News
Monday, August 17, 2015
Administration approves oil exports to Mexico »
The Obama administration approved limited sales of crude oil to Mexico, one of the most significant recent actions to allo...
Monday, August 17, 2015
US approves landmark crude oil export swaps with Mexico »
The Obama administration will allow limited sales of U.S. crude toMexico for the first time, a senior administration offic...
Monday, August 17, 2015
Oil tech firms see shale resurrection with re-fracking »
Shale oil producers from West Texas and North Dakota have harvested enough crude to overwhelm the global oil market and fo...
Monday, August 17, 2015
Goa Carbon gains on resuming operations at its Goa Unit »
Goa Carbon is currently trading at Rs 73.75, up by 0.60 points or 0.82% from its previous closing of Rs. 73.15 on the BSE....
Friday, August 14, 2015
What does Australia’s new 2030 climate target mean for the local coal industry? »
Australian Prime Minister Tony Abbott has promised that his government’s new 2030 climate target will be good for the envi...
Friday, August 14, 2015
Saudi Arabia faces existential crisis after its misjudged gamble on oil »
If the oil futures market is correct, Saudi Arabia will run into trouble within two years. It will be in existential crisi...
Friday, August 14, 2015
Saudi Arabia hikes oil production to record high as OPEC expects stronger demand in 2016 »
Saudi Arabia told OPEC it raised oil production to a record as the organization forecast stronger demand for its members’...
Friday, August 14, 2015
Oil Prices Recover After Slide to 6½-Year Low »
LONDON—Oil prices were near-flat Friday, recovering from the more-than six-year lows reached earlier in the session as a w...
Friday, August 14, 2015
Indiana refinery outage escalates fears Cushing will top out »
Concerns among oil traders are escalating that a combination of surprisingly resilient U.S. shale production and lower aut...
Friday, August 14, 2015
Hindalco net profit falls 67% in June quarter »
Hindalco Industries reported a lower-than-expected net profit at Rs 107 crore in the June quarter, down more than half of...
Friday, August 14, 2015
Canadian Oil Benchmark Falls Off A Cliff »
Third time is a charm as China has reset its currency peg for a third day on the trot.   http://oilprice.com/Ener...
Friday, August 14, 2015
DEALTALK-US shale firms turn to private equity as market funding tails off »
A renewed slide in crude prices is having the effect U.S. energy sector dealmakers and private equity managers have been l...
Friday, August 14, 2015
Saudi bond issues highlight shift in oil market dynamics »
Saudi Arabia has been hitting the bond market and tapping money for the first time in eight years but it isn't a crisis. I...
Friday, August 14, 2015   (0 Comments - view/add)
Glut, China worries press oil to 6 1/2-year low »
The U.S. oil benchmark flipped between gains and losses Friday after hitting its lowest level in nearly 6 1/2 years on esc...
Friday, August 14, 2015
Damage estimate still underway at Noranda »
MARSTON, Missouri -- Officials are continuing to assess the damage from the Aug. 4 molten metal explosion that caused heav...
Thursday, August 13, 2015
$30 oil coming sooner than you think: Kilduff »
U.S. crude (@CL.1) could fall to the $30 to $40 per barrel range sooner than expected following China's yuan devaluation,...
Thursday, August 13, 2015
UPDATE 10-U.S. crude ends at 6-yr low on China devaluation, OPEC data »
U.S. crude settled at a more than six-year low on Tuesday after China's currency devaluation raised questions about oil de...
Thursday, August 13, 2015
BP’s Indiana refinery outage ripples through US oil market »
For want of a refinery unit in Indiana, oil is tumbling in Oklahoma and Alberta while gasoline in the Midwest is soaring.&...
Thursday, August 13, 2015
UPDATE 3-BP's main crude unit at Whiting shut for at least a month -sources »
Heavy damage to the largest crude distillation unit at BP Plc's 413,500-barrel-per-day (bpd) Whiting, Indiana, refinery wi...
Thursday, August 13, 2015
Noranda officials still assessing damage from explosion »
Cast house was heavily damaged; all 33 injured workers are back to work.  http://www.standard-democrat.com/story/...
Thursday, August 13, 2015
Shares of aluminium producer Zhongwang tumble 18% »
China is awash in aluminium but export taxes on primary aluminium combined with rebates on aluminium products encourage co...
Thursday, August 13, 2015
Moody's: Rentech Nitrogen's announced merger with CVR Partners is a modest credit positive »
CVR's Coffeyville site is adjacent to CVR Refining LLC's (Ba3 stable) refinery which supplies it with most of the petroleu...
Tuesday, August 11, 2015
Venezuela’s crude sales to the United States rise 9.5% in July »
Venezuelan petroleum exports to the United States increased 9.5 percent in July from June, helped by more sales of Boscan...
Tuesday, August 11, 2015
Cleco faces one last hurdle to close sale »
The final step in the potential sale of Cleco Corp. from public to private ownership will be the most exhaustive. ...
Tuesday, August 11, 2015
Holcim prepares for SRF production in Vietnam »
Work is underway to commission a solid recovered fuel (SRF) manufacturing plant in Vietnam, for one of the world’s leading...
Monday, August 10, 2015
Odisha based NALCO to set up in $2.6 billion plant in Iran »
Odisha based National Aluminium Company (NALCO) plans to set up an aluminium smelter and an associated power plant in Iran...
Monday, August 10, 2015
Lafarge, Holcim merger will boost capacity »
LAFARGE Zambia Plc says the merger with Holcim, the Swiss-based materials and aggregates company, places it in an ideal po...
Monday, August 10, 2015
BP's Indiana refinery outage drives gasoline up, widens oil spreads »
BP Plc (BP.L) has shut a key crude processing unit at its 405,000-barrels-per-day Whiting Refinery in Indiana, pushing gas...
Monday, August 10, 2015
New record: U.S. refinery input climbs to 17 million bpd »
Refineries in the United States are operating at record high capacity and utilization levels, a new report by the U.S. Ene...
Monday, August 10, 2015
Aluminium Trend: Excess supply makes a deep dent »
The shiny world of metals that includes aluminium, copper and tin is facing a meltdown. The metal price boom — that peaked...
Monday, August 10, 2015
Fitch: Vessel Size, Alliances Raising Pressure on Some US Ports »
The rise of alliances among shipping carriers and industry moves towards post-Panamax and ultra large cargo ships are pres...
Monday, August 10, 2015
Panel on pollution to meet in third week of August »
The committee, constituted by the State government to look into the alleged hardships being caused to the people residing...
Friday, August 7, 2015
How refinery company Tesoro processed less oil but doubled its net income »
San Antonio-based refining company Tesoro Corp. processed less crude oil but was able to double its net income during its...
Friday, August 7, 2015
Valero, other American refiners post record-breaking production »
Six-year-low oil prices have stung companies in the field but have been a big boost to San Antonio's Valero Energy Corp. a...
Friday, August 7, 2015
Could Tesoro become an even larger refinery company? »
Tesoro Corp. had been in negotiations to buy oil refiner HollyFrontier Corp., but was unsuccessful, according to a new rep...

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