Recent Posts

Exxon set to jump into Mexico fuel market with first US cargo

Bloomberg Exxon Mobil Corp is joining Chevron Corp and other US refiners to supply the newly free Mexican fuel market. Exxon sent two cargoes totalling 120,000 barrel of diesel and gasoline from its refinery in Beaumont, Texas, to a private terminal in San Luis Potosi. The company is moving cargoes along Kansas City Southern Railway Co.’s network and plans to ...

Read More »

China’s import growth likely to face speed bump in 2018

Bloomberg The pace of China’s import growth is set to slow in 2018 after a boom this year. Inbound shipments will expand just 5 percent in 2018 after surging 14.9 percent this year, according to a Bloomberg survey of economists. Slower infrastructure investment, tighter monetary policy, weaker commodity inflation and high base effects are likely growth drags. That’s unwelcome news ...

Read More »

ArcelorMittal, SAIL set to sign $929mn deal

Bloomberg State-run Steel Authority of India Ltd. has finalised terms for a 60 billion rupee ($929 million) plant with ArcelorMittal to cater to the automobile sector, a deal that’s been in the works for more than two years, according to a person familiar with the development. The agreement for the automotive grade steel plant is likely to be approved by ...

Read More »
Send this to a friend