In the first four months of this year, the production of finished steel reached 18.1 million tons while apparent finished steel use was 21.7 million tons. Meanwhile, finished steel production in May 2013 came to 4.9 million tons, in line ...
Tags: Steel, Construction, Metallurgy, Mineral, Energy
The Mars cash differential declined $1.15/barrel Thursday on a narrower Brent/WTI spread and low demand for the crude stemming from the reversal of Shell's Houma, Louisiana-to-Houston pipeline system, according to market sources. The Mars ...
Tags: Metallurgy, Mineral, Energy
OPEC's role in supplying global oil markets has not been diminished by the surge in oil production in the United States, though trade patterns willshift as a result of the shale boom in North America, the head of the International Energy ...
Russia's Rosneft is considering the possibility of buying crude on theinternational market to supply a planned refinery and petrochemicals complexin Russia's Far East, CEO Igor Sechin told reporters Friday. "We don't need to pump all the ...
Tags: Petrochemical Plant, Rosneft Mulls
Oil drilling industry is considered as the most delicate industries in the world. With the increasing demand of natural gas and oil various companies continuously look forward to improve the production of existing wells. China is the first ...
Tags: Oil, gas, Metallurgy, Mineral, Energy
According to the World Steel Association (worldsteel), in May this year the crude steel output of 63 countries surveyed across the globe reached 136.3 million mt, increasing by 2.6 percent on year-on-year basis and up 3.2 percent compared ...
Tags: Crude Steel, Mineral, Steel
Production of light, sweet crudes from unconventional oil fields in the US is ramping up so fast that at some point it will outpace the country's refining capacity and -- at least for the Gulf Coast -- this could occur within two years, a ...
Tags: Metallurgy, Mineral, Energy, oil, Sweet Oil
The US residual fuel oil hi-lo, the spread between Atlantic Coast 1.0%S and Gulf Coast 3.0%S, contracted 35 cents on Tuesday, clawing back the increase of Monday, as weak global demand continues to keep US fuel oil values relatively weak. ...
Tags: fuel oil, Metallurgy, Mineral, Energy
Commercial crude stocks in Cushing, Oklahoma, the delivery point for the NYMEX crude contract, dropped for the third consecutive week, hitting its lowest level yet in 2013, US Energy Information Administration data showed Wednesday. ...
Tags: Metallurgy, Mineral, Energy, oil
Maize now has competition as the most important energy crop for German biogas plants: beets, particularly sugar beets and specially-bred energy beets, are becoming more and more popular. Firstly, they achieve a very high dry matter content, ...
Tags: Agriculture, Food, biogas plants
According to data released by the Brazilian steel institute (IABr), Brazil’s production of rolled steel products totaled 2.29 million tons, up by 5% month on month and rising by 4% year on year. In May, the country’s crude ...
Tags: Steel, Brazil, Construction&Decoration
Hints that the Federal Reserve could pull back on its easing efforts later this year sent stocks broadly lower, with high-dividend-yielding stock sectors leading declines. After falling modestly in the initial minutes following the ...
Global oil prices are unlikely to drop below $100/b until 2025, supported by OPEC's market management efforts and crude demand growth in Asia, Leonid Fedun, vice president of Lukoil said Tuesday, presenting key findings of the company's ...
Tags: Oil Prices, OPEC's market
According to report, Tokyo Steel said it would keep the prices unchanged for most products in July. It is the fourth month that the company keeps the price unchanged in order to compete the rising supply from China and inventory adjustment. ...
Tags: Steel, Construction, Metallurgy, Mineral, Energy
US stocks pushed to the highest levels in nearly three weeks as investors await news on whether the Federal Reserve will pull back on its stimulus measures. Small-company stocks were among the best performers in Tuesday's rally, with the ...