The resumption of halted operations at coking coal mines in the US comes amid signs of potential improvements in demand. But buyers and producer s are still uniformly cautious about recovery for the rest of 2020.
News ID: 9494 Publish Date : 2020/05/15
Tehran has imposed new limits on exports of Iranian steel, requiring exporters to secure export permission from the ministry of industry,
News ID: 9372 Publish Date : 2020/05/07
Iranian President Hassan Rouhani praised the Central Bank of Iran (CBI) for its efforts to cope with the domestic demands and provide the necessary funding amid the severe international conditions.
News ID: 9298 Publish Date : 2020/05/02
Australian independent Woodside Petroleum expects low oil prices to persist for the rest of 2020 and into next year, given lower energy demand amid the Covid-19 pandemic from an oil oversupply across large producer s.
News ID: 9280 Publish Date : 2020/04/30
Japanese emulation rubber and synthetic resin producer JSR saw reduced demand for its key products from domestic and overseas auto producer s during the 2019-20 fiscal year ending 31 March because of the impact of Covid-19 in the final quarter.
News ID: 9279 Publish Date : 2020/04/30
Dubai-based biofuels producer Neutral Fuels is expanding its waste-based biodiesel operations beyond the UAE in the Middle East, Africa and Asia-Pacific.
News ID: 9249 Publish Date : 2020/04/28
UK-Australian mining firm Rio Tinto has added a clause to its bunker supply contracts to ensure vessels it hires are not using fuel supplied by troubled Singapore-based trading firm Hin Leong.
News ID: 9237 Publish Date : 2020/04/27
Kuwait said it has started cutting oil output ahead of May 1, the date when suppliers worldwide plan to start slashing production to counter a devastating glut.
News ID: 9229 Publish Date : 2020/04/24
Asia-Pacific benzene prices have fallen to an 18-year low on a fob South Korea basis, dragged down a historic slump in US crude futures yesterday.
News ID: 9218 Publish Date : 2020/04/22
Exporting Urals grade crude by sea from Russia has become uneconomical for producer s, at least on paper, after outright prices dropped sharply yesterday.
News ID: 9214 Publish Date : 2020/04/22
Ivory Coast bitumen producer SMB has cut production at its 520,000 t/yr (10,500 b/d) Abidjan refinery by a third in response to a dramatic fall in construction activity and bitumen import requirements across west Africa.
News ID: 9213 Publish Date : 2020/04/22
Major Chinese coal producer s have set a floor price for domestic coal in a move to halt the aggressive and competitive price cuts they have been making since early this month. The decision for a floor price was made after oversupply and weaker power demand lowered coal prices more rapidly than expected.
News ID: 9189 Publish Date : 2020/04/20
Iran’s Energy Minister Reza Ardakanian said inauguration or ground breaking ceremonies will be held for 250 major water and energy projects in the country during the current Persian calendar year (started March 20).
News ID: 9185 Publish Date : 2020/04/16
Slowing electric vehicle (EV) demand in China and disruption during the Covid-19 pandemic will continue to hit the major Chinese lithium producer s, including Tianqi Lithium and Ganfeng Lithium, into the second quarter.
News ID: 9167 Publish Date : 2020/04/16
Oil prices rose on Monday after major producer s finally agreed their biggest-ever output cut, but gains were capped amid concern that it will not be enough to head off oversupply with the coronavirus pandemic hammering demand.
News ID: 9149 Publish Date : 2020/04/13
Indian state trading agency MMTC has called a purchase tender requesting long-term urea supply direct from producer s.
News ID: 9144 Publish Date : 2020/04/14
India's demand for key petrochemical products may take longer to recover as the country's lockdown has been extended until 3 May to curb the spread of Covid-19 in the Indian subcontinent.
News ID: 9140 Publish Date : 2020/04/14
Crude futures rose in early Asian trading after Opec and non-Opec producer s finalised a landmark two-year production restraint agreement that will take 9.7mn b/d off the market in May and June.
News ID: 9123 Publish Date : 2020/04/13
Non-Opec producer Oman has already instructed all operators and oil producer s in the sultanate to cut crude oil output for two months beginning 1 May, in line with its commitments under yesterday's Opec+ production restraint agreement.
News ID: 9115 Publish Date : 2020/04/13
Indian private-sector producer JSW Steel fell just short of its 2019-20 production target because of the coronavirus outbreak but plans to restart all its operations when India's lockdown is scheduled to end on 15 April.
News ID: 9057 Publish Date : 2020/04/07