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Brent, WTI Prices Edge Down

7 April 2020 Time: 17:22
Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help alleviate global oversupply as the coronavirus pandemic pummels demand.

The “Corona” effect: Aluminium du Maroc postpones the date of convocation of the Board of Directors

7 April 2020 Time: 17:08
Aluminium du Maroc, created in partnership with Péchiney and the latter was absorbed first by Alcan and then by Rio Tinto. The company is supervised by a high level of engineers and it relies on the latest generation of technical equipment.

Achinsk Alumina Refinery starts using BelAZ-7555V haulers for raw material extraction

7 April 2020 Time: 17:03
According to a recent report, Achinsk Alumina Refinery in Krasnoyarsk Krai, Russia, is currently using a batch of BelAZ-7555V haulers. The batch, consists of six 55-tonne haulers, was delivered to Achinsk Alumina Refinery, part of Rusal Achinsk, by Krasnoyarsk-BelAZService in March.

South Korean air passenger traffic drops to record low

7 April 2020 Time: 16:57
South Korean air passenger traffic slumped by 84pc from pre-coronavirus levels in March, in one of the first indications of the full toll of the coronavirus pandemic on last month's Asia-Pacific jet fuel demand.

India's oil product demand slows in March

7 April 2020 Time: 16:54
India's demand in March for diesel fell by around 26pc, gasoline dropped by 18pc and jet fuel was down by 32pc from a year earlier, according to industry data from state-controlled companies but excluding private-sector refiners. Anecdotal data from retail outlets shows demand for transport fuel has fallen by 70pc since a 21-day nationwide lockdown from 25 March was brought in to combat the country's coronavirus outbreak.

Japan's LNG sector carries on amid state of emergency

7 April 2020 Time: 16:52
Japan's state of emergency in response to the coronavirus pandemic is unlikely to hit the country's LNG import operations, with power and gas utilities to continue operations to ensure stable supplies despite expected weaker demand.

JSW Steel readies to restart mills after lockdown

7 April 2020 Time: 16:49
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.

China cuts rail freight to promote economic activity

7 April 2020 Time: 16:44
China's state-controlled Xi'an Railway group has reduced rail costs by 20-26pc for cargoes departing from some parts of Shaanxi, the country's third-largest coal producing province, to encourage more domestic industrial activity and cut coal logistics costs.

Japan’s commercial LPG demand faces up to restrictions

7 April 2020 Time: 16:42
Japan's LPG demand is expected to fall with the government's state of emergency to curb its Covid-19 outbreak and the slowdown in the country's economic activity.

Q&A: Production drops will be sudden: Hamm

7 April 2020 Time: 16:38
US oil producers are likely to lower their output by some 30pc, as crude prices plummet after Saudi Arabia and Russia last month said they would increase production, and governments limits travel to contain the coronavirus, leading to a collapse in demand. Key Bakken operator Continental Resources executive chairman Harold Hamm spoke to Argus on how the Trump administration and US producers are responding to the changing market conditions. Edited highlights follow:
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