Russia does not plan to reduce export volumes of its crude and gas in the next 10-20 years, but expects to increase exports of high quality oil products as major modernization of its refineries is in the final stages, Lukoil CEO Vagit ...
Tags: Crude Exports, Gas Exports
In its financial results according to international financial reporting standards (IFRS) for the first three months of the current year, the net loss of Russian pipemaker TMK totaled $16 million compared to a net profit of $85 million in ...
Tags: TMK, TMK's sales
US methanol contract prices are expected to drop sharply for June following rapidly declining spot prices in recent months, sources said Thursday. June contract announcements from Methanex and Southern Chemical Corp. were expected to be ...
Tags: Methanol, methanol contract
The three coal terminals at Australia's Newcastle port increased their combined shipments of thermal and coking coal 39% week on week to 3.45 million mt on Monday, hitting a 13-week high, according to Newcastle Port Corp. data released ...
Tags: Terminals'Coal, coal
Turkish rebar producer Izmir Demir elik Sanayi A.. (IDC) has announced its financial results for the first quarter of the current year, remarking that global apparent steel consumption in 2014 is expected to grow 3.1 percent, while apparent ...
Tags: Steel Exports, IDC
The US steel sheet market remains relatively steady, though a lack of buyer urgency may be eroding the bottom range of hot-rolled pricing, market sources said Monday. A top-tier mill source said import buying has picked up but domestic ...
Tags: Steel Sheet, top-tier mill
Northwest European styrene monomer prices fell $91.50/mt or 5.5% from the start of May to close Thursday at a one-year low of $1,553.50/mt FOB ARA, Platts data showed. The last time it was lower was April 23, 2013 at $1,544.50/mt FOB ARA. ...
Tags: Styrene, polystyrene
The Platts LNG Japan Korea Marker for July, the newly assessed front month, began trading at $13.625/MMBtu on Friday. The marker for June fell 32.5 cents from last Friday to close at $13.625/MMBtu on Thursday amid ample supply and weak ...
Tags: LNG, Weak Demand
India-headquartered steel giant Tata Steel Group has issued its group financial results including Tata Steel Europe for the fourth quarter and the full financial year ended March 31. Tata Steel Group's net profit doubled to INR 10.36 ...
Tags: Tata Steel, blast furnace
Central Europe-based miner New World Resources Plc (NWR) has announced its financial results for the first quarter this year, reporting a net loss of €27 million, down from a net loss of €81 million in the corresponding quarter of ...
Tags: coal output, coking coal
The International Energy Agency said Thursday OPEC would need to boost its output in the third quarter by some 900,000 b/d from April's level to meet rising global demand, and warned that OECD oil stocks remained tight by historical ...
Tags: OPEC, oil supply
The seaborne iron ore market ended a brief two days of gains Thursday as buying activity failed to hold up. Platts assessed the 62% Fe Iron Ore Index at $103.25/dry mt CFR North China Thursday, down 75 cents/dmt on the day. Despite spot ...
Tags: Iron Ore Market, Iron Ore
South Korea's state-owned Korea Gas Corp imported 12.61 million mt of LNG in the first quarter, up 0.5% from 12.55 million mt a year earlier, the company said in a statement Wednesday. All of the volumes were imported under long-term ...
Tags: LNG Imports, LNG
Titanium Metals Corporation (TIMET), one of the world's largest producers of titanium parts for jet engines, has agreed to pay a record $13.75 million civil penalty and perform an extensive investigation and cleanup of potential ...
Tags: EPA, Certification, Service, Energy
Truck freight volumes declined after March's spike in loads, but truckers still hauled more goods in April 2014 than the same time last year, according to data records from TransCore Link Logistics' Canadian Freight Index. April's load ...
Tags: Transportation, Auto Parts, Logistics