Nigerian crude values have been picking up steadily this week on strong US demand for Nigerian and West African crudes, trading sources said Friday. There has been a lot of activity in the past week, with only about 12 out of the 62 ...
Tags: Crude Values, domestic US crudes
China's iron ore import prices are likely to come under pressure in March, as the expected increase in domestic steel output is unlikely to offset the impact of persistent iron ore oversupply in China, the China Iron & Steel Association ...
Tags: Iron Ore, Steel Demand
The volume of crude from the northern Iraq region of Kurdistan being held in tanks at Turkey's Mediterranean oil hub of Ceyhan has reached 1 million barrels, Turkish energy minister Taner Yildiz told reporters Wednesday in a press ...
China National Offshore Oil Corp (CNOOC), the country's largest offshore oil and gas developer, has become the first Chinese firm licensed to look for oil in the Arctic, a landmark step for overseas energy exploration for the world's ...
Tags: Arctic Oil, Mineral
The transaction prices of L8 and L10 steelmaking pig iron in northern China's Hebei province stood at Yuan 2,460-2,510 ($400-408) /mt on March 3, down 1.6% from Yuan 2,500-2,550/mt on January 28, with the widely expected post-holiday ...
Tags: Pig Iron, Steel Market
The fuel oil physical hi-lo -- the premium of 1% FOB Northwest European cargoes over 3.5% FOB Rotterdam barges -- came off a 17-month high Tuesday morning, having surged $12.75/mt to $62.75/mt Monday on fears Russia may stop or reduce gas ...
According to a report released Monday by Statistics Canada, the Canadian Industrial Product Price Index (IPPI) rose 1.4 percent in January, after advancing 0.6 percent in December. This was the third consecutive increase and the largest ...
Tags: Raw Material, Industrial Material
Beginning in 2017, all gasoline sold in the US must contain less than 10 parts per million sulfur, the US Environmental Protection Agency announced Monday, dismissing oil industry arguments that the new standard is unnecessary and could ...
Tags: Gasoline, Metallurgy
The oil complex settled sharply higher Monday as a Russian military intervention in the Ukraine heightened concerns over global oil supplies from Russia -- one of the top oil producers in the world. NYMEX April crude settled $2.33 higher ...
Tags: Oil Futures, Oil
On February 28, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) announced that in the current year it expects to produce 12 million mt of pig iron, 12.45 million mt of crude steel and 11.66 million mt of ...
Tags: Baogang, Crude Steel
In January this year, Japan's industrial production increased by four percent from December and rose by 10.6 percent from January 2013, according to the preliminary indices of the Industrial Production report published by Japan's Ministry ...
Tags: Iron and Steel, Mineral
Indian state-owned steelmaker Steel Authority of India Limited (SAIL) has announced that it achieved seven percent year-on-year growth in total finished steel sales in February this year, while its finished steel output amounted to 1 ...
Tags: Crude Steel, Mineral
Hunan Province-based Chinese steelmaker Hunan Valin Iron & Steel Co. (Hunan Valin Steel) has announced that in 2013 its net profit amounted to RMB 106 million ($17.26 million), compared to a net loss of RMB 3.254 billion in 2012. Valin ...
Tags: Valin Steel, Mineral
Sao Paulo, Brazil-based iron ore mining company and flat rolled steel producer Companhia Siderurgica Nacional (CSN) has announced its financial results for the fourth quarter and the full year of 2013. In the fourth quarter, CSN ...
US fuel oil demand fell to a seven-month low of 218,000 b/d in December, while 2013 demand overall was the lowest on record, US Energy Information Administration data published Thursday showed. The Thursday data are monthly numbers ...