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News & Press

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

Industry News
Thursday, August 7, 2014 Nomura Says Aluminum Rally Is Overdone » Alcoa shares trended down Thursday after one analyst said the worldwide aluminum market has slipped into an oversuppl...
Thursday, August 7, 2014 US west coast ports headed for possible strike, shutdown » For executives at the ports of Los Angeles and Long Beach, the 120 disgruntled truck drivers who picketed for five days la...
Thursday, August 7, 2014 With demand for and supply of coal to grow in the near future prices are expected to rebound in the » Coal, besides being a cheap source of electricity generation, also serves as a major raw material for various industries,...
Thursday, August 7, 2014 CB&I to supply heaters, steam reformer for big Oman refining project » CB&I has been awarded a contract valued in excess of $50 million by the Daelim-Petrofac venture for the design and sup...
Thursday, August 7, 2014 Why coal-fired power companies are looking burnt out - Australia » The National Electricity Market supplies electricity to 19 million users across five states on Australia’s east coast. Mov...
Wednesday, August 6, 2014 Rosneft increases oil production at Tuapse refinery » As part of works on finishing construction of Tikhoretsk-Tuapse-2 long-distance pipeline, including building of the engine...
Wednesday, August 6, 2014 Why RIL's refining margins won't fall » For the last few quarters, analysts have been expecting refining margins of complex refiners like Reliance industries to d...
Wednesday, August 6, 2014 FACTBOX-Japan's new oil refining mandate » An industry ministry directive that went into effect on July 31 could force the industry to cut refining capacity by as mu...
Wednesday, August 6, 2014 UPDATE 2-HollyFrontier sees higher refining margins in third quarter » U.S. refiner HollyFrontier Corp reported a better-than-expected profit for the third quarter in a row and said it expects...
Wednesday, August 6, 2014 UPDATE 1-Venezuela would sell U.S. refiner Citgo if offer appeals » Venezuelan state oil company PDVSA will sell North American unit Citgo Petroleum if it receives a good offer, Petroleum Mi...
Wednesday, August 6, 2014 Residents: Restrict Emissions at Oil Refineries » The new rule also would compel refiners to purchase and place monitors to track emissions of the carcinogen into those com...
Tuesday, August 5, 2014 US independents cool to Citgo offering » — PdV's efforts to sell off some or all of its nearly 800,000 b/d of US refining capacity does not appear to be drawing mu...
Tuesday, August 5, 2014 Holcim and Lafarge Announce Details of Proposed Asset Disposals in Brazil as Part of Their Planned M » Lafarge (Paris:LG) and Holcim today announce further details on their proposal for comprehensive divestments in Brazil, as...
Tuesday, August 5, 2014 Rio Tinto's Aluminum Unit to Show Its Mettle » Rio Tinto's financial results have followed a predictable theme in recent years: strong profits from iron ore and bad news...
Tuesday, August 5, 2014 Alcoa owners tell Santee Cooper they won't renew South Carolina power contract; talks continue » Alcoa and an investor in its Berkeley County smelter have notified Santee Cooper they will not renew their electricity con...
Monday, August 4, 2014 UPDATE 2-Fire at PetroChina's Lanzhou refinery put out » A fire broke out at a PetroChina refinery and petrochemical plant on Monday but was later put out and no casualties were r...
Monday, August 4, 2014 Houston refinery no longer will buy Kurdish crude » A Houston refinery owner says it will no longer buy crude at the center of a battle between Iraq and the semi-autonomous K...
Monday, August 4, 2014 UPDATE 1-EU to clear Cemex, Holcim Spain deal without conditions -source » Mexican cement producer Cemex is set to secure unconditional European Union antitrust approval for its planned acquisition...
Monday, August 4, 2014 UPDATE 2-Enbridge sees new pipeline to U.S. Gulf operating in October » Enbridge Inc's new 450,000 barrel-per-day Seaway Twin pipeline, to carry Canadian oil sands crude to North America's large...
Monday, August 4, 2014 Tom O'Malley, President of PBF Energy, said the company has been looking potential acquisitions » PBF Energy has been looking potential acquisitions and market chatter that Venezuela's state-owned oil company Petróleos d...
Monday, August 4, 2014 US crude hits lowest level since March » US crude extended its losses on Friday, falling below the $98-a-barrel mark to its lowest level since February, following...
Monday, August 4, 2014 RusAl Reaches Deal With Lenders to Refinance $5.5 Billion Debt » Russia's RusAl said Monday that it has won approval from all its lenders to restructure more than $5 billion in loans, whi...
Monday, August 4, 2014 Alcoa completes closure of Australia aluminum smelter » Reuters reported that Alcoa Inc closed its unprofitable Point Henry aluminium smelter in Australia underscoring the dire m...
Friday, August 1, 2014 Hungary MOL key Q2 profits disappoint » Hungarian oil and gas group MOL has published its earnings report for the second quarter of 2014 on Friday. On the whole,...
Friday, August 1, 2014 EPA’s Misleading PR Campaign on Power Plant Rules » This week, EPA and its allies are leading a full-court press to promote the agency’s controversial regulations to limit ca...
Friday, August 1, 2014 Shipping Rates Drop as China Hydro Power Cuts Coal Need » Record production of hydropower from China’s Three Gorges and newer dams is displacing so much coal that rates to transpor...
Friday, August 1, 2014 Alpha Natural Resources to lay off 1 100 workers at 11 mines » In dealing with continued weak coal markets and blaming increasingly strict government regulations, US coal producer Alpha...
Friday, August 1, 2014 Aluminium to swing to deficit in 2015 after output cuts, ban » The aluminium market outside China is set to record its first deficit in nine years in 2015 following production cuts and...
Friday, August 1, 2014 Kansas Refinery Outage Upends Cushing Oil Supply Outlook » The announcement that a refinery in Kansas will be shut for weeks has upended concern that oil supplies at the main U.S. t...
Friday, August 1, 2014 NEWS ANALYSIS: Rio Tinto’s lesson: new commodity boom on its way » THOUGH it is easy to point the finger of blame at Rio Tinto’s former management and feel a bit smug about their downfall,...
Friday, August 1, 2014 Brent holds near $106 after ample supply pulls down prices » Brent crude held near $106 a barrel on Friday as ample supply continued to drag on prices a day after the benchmark posted...
Friday, August 1, 2014 Brent holds near $106 after ample supply pulls down prices » Brent crude held near $106 a barrel on Friday as ample supply continued to drag on prices a day after the benchmark posted...
Friday, August 1, 2014 Century Aluminum to add 45 jobs at Sebree smelter » Century Aluminum Co. on Thursday announced a $3 million expansion at its 530-employee Sebree smelter that will create 45 m...
Thursday, July 31, 2014 Italcementi releases 1H14 results » Cement and clinker sales totalled 21.7 million t, just 0.5% lower than in 1H13 despite a slow 2Q14. http://www.wor...
Thursday, July 31, 2014 US crude drops on demand concerns » US oil fell below the $100 a barrel mark on Thursday, putting the contract on course for its steepest monthly slide in nin...
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