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IMO compliant fuel oil trades at $445-455/t in Med

24 March 2019 Time: 19:19
A cargo of 0.5pc sulphur fuel oil traded in the Mediterranean at around $445-455/t, giving some indication of a nascent price point for product compliant with the forthcoming marine fuel sulphur cap.

Q&A: UAE minister says time needed to rebalance market

24 March 2019 Time: 18:29
Opec and its non-Opec partners still have plenty of work to do to rebalance global oil markets, and may need to extend their production restraint agreement to the end of 2019, UAE oil minister Suhail al-Mazrouei says.

Tenaris grows US pipe presence with Ipsco buy

24 March 2019 Time: 17:48
Luxembourg-based steel pipe producer Tenaris has agreed to buy US-based Ipsco Tubulars from from Russian steelmaker TMK for $1.2bn.

Vale’s Sul Superior Dam in critical condition

24 March 2019 Time: 17:36
Brazilian mining giant Vale (NYSE:VALE) announced this weekend that the Sul Superior Dam at the Gongo Soco mine is in a critical condition when it comes to stability. This, following the work of an independent auditor, hired to evaluate the state of the structure.

US targets banks after Venezuela arrests Guiado aide

23 March 2019 Time: 18:51
The US administration today imposed sanctions on Venezuelan state-owned National Development Bank (Bandes) and other financial institutions to protest the arrest yesterday of a top aide to Juan Guaidó, whom Washington recognizes as the country's interim leader.

US automakers increase EV investments

23 March 2019 Time: 18:34
US automakers this week announced more than $1.1bn in investments into electric vehicle (EV) production plants, expanding on the recent trend.

Full speed with investment casting! BLANK develops smart lightweight solution for motor racing

23 March 2019 Time: 18:02
Weight savings is essential in racing. The competitive advantage can be gained with the best, light weight design. Every gram that can be saved on the racing car can make it faster and more agile. Victory or defeat can be determined by only one millisecond.

Established companies and start-ups Stronger together: Digitisation is dematerialisation

23 March 2019 Time: 17:55
Established companies offer the greatest potential for digital transformation. However, traditional industrial companies are too focused in the concentration of their digitisation strategy on optimisation of the processes used in their existing business.

The Foundry in Transition through Digitization

23 March 2019 Time: 17:43
63rd Austrian Foundry Conference in Schladming from April 11th-12th

ITC tank farm fire reignites: Update 2

23 March 2019 Time: 16:30
A fire reginited today at Intercontinental Terminals' (ITC) storage facility in Deer Park, Texas.
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