Shell said Thursday it remains on track to grow its oil and gas production by over 20% in the next five to six years, despite weak North American fuel prices continuing to dent the performance of its key upstream growth centre. ...
Tags: oil, gas production, fuel prices, North America
The national system was well supplied Thursday morning with reduced reliance on storage withdrawals but prompt prices on the UK's NBP gas trading hub rose as colder temperatures are expected for Friday and to push into February. At ...
In the fourth quarter of last year, the crude steel production of Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) totaled 2.969 million mt, down 11.6 percent compared to the previous quarter. In addition, for the whole of 2012, ...
Tags: finished steel output, finished steel, steel production
Sichuan Province-based Chinese steelmaker Chengdu Iron and Steel, a subsidiary of Pangang Group, has announced its production and operating targets for 2013. Accordingly, Chengdu Steel expects to achieve an operating revenue of RMB 11.5 ...
Tags: Steel targets, steelmaker, Iron, Steel
Metalloinvest, a leading global iron ore and HBI (hot briquetted iron) producer based in Russia, has announced its operational results for the fourth quarter and full year of 2012. In Q4 2012, the company’s iron ore, pellet and ...
Mechel, one of the leading Russian mining and steel groups, has announced that its crude steel output in 2012 increased by seven percent to 6.532 million mt compared to 2011. In 2012, Mechel saw a 12 percent year-on-year increase in its ...
Antonio Gozzi, president of the Italian iron and steel industry Federacciai, has stated that, according to the latest estimates, in 2013 Italian crude steel output may be similar to that of 2012, remaining at around 27 million metric tons, ...
Tags: Antonio Gozzi, iron and steel industry, 2013
US iron ore production in 2012 has been estimated at 53.2 million mt,down slightly compared to the 54.7 million mt recorded in 2011, owing to reduced steel consumption and destocking, according to the "US Geological Survey, Mineral ...
Iraqi Oil Minister Abdul Kareem Luaibi [Elaibi] has issued a stern warning to the KRG over their attempts to export large quantities of crude oil to Turkey, describing it as “a red line“. “The Kurds are under obligation ...
Tags: Iraqi Oil Minister, KRG, crude oil, Turkey
Unipetrol recorded 10% increase of revenues at CZK 107bn in 2012. EBIT excluding one-off impairment reached positive result of CZK 372m in 2012. The volume of crude oil processed 3927 kt in 2012 similar to volume of 2011. EBIT negatively ...
Tags: Petrochemical, 2012 Sales, Unipetrol
In 2012, Sichuan Province-based Pangang Xichang Steel & Vanadium Co., a subsidiary of Sichuan-based Chinese steel producer Pangang Group, produced 5.98 million mt of pig iron, 5.4 million mt of crude steel and 21,100 mt of vanadium ...
The Australian sharemarket was on track for a 10th-consecutive daily rise today, as commodity price strength lifted the resources sector. BHP Billiton rose 1 per cent after the price of London Metals Exchange copper rose 0.6 per cent and ...
Tags: Australian sharemarket, currency, economy
The sharemarket rose for a 10th consecutive day, extending its longest winning streak since October 2003, as an improving global economic outlook continued to fuel demand for equities before the conclusion of a US Federal Reserve board ...
China’s Ministry of Commerce (MOC) has announced that during last week (January 21-27) the average steel price in China increased by 0.1 percent compared to the previous week. In particular, in the given week prices of 80 mm x 43 mm ...
Tags: steel price, channel steel, iron ore
Liu Jianxun, general manager of Jiangxi Province-based steel producer Pingxiang Steel (Pinggang), has announced that the company’s sales revenue in 2012 amounted to RMB 38.3 billion ($6.14 billion), while its net loss for the year was ...