Rusal Cuts Aluminum Demand Growth Forecast as Profit Slumps - Bloomberg Business:
"United Co. Rusal, the world’s biggest aluminum producer last year, said third-quarter profit fell 26 percent as prices of the alloy declined. It also cut its demand forecast on a weaker outlook in emerging markets.
Adjusted earnings before interest, taxes, depreciation and amortization fell to $420 million from $568 million the previous quarter, the Moscow-based company said in a statement Friday. Revenue dropped 9 percent to $2.07 billion. Analysts typically compare Rusal’s quarterly results with the preceding three months rather than year-earlier figures.
The producer cut its global aluminum demand growth forecast for 2015 to 5.6 percent from 6 percent and raised its surplus forecast to 373,000 metric tons in 2015, according to the statement."
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Saturday 14 November 2015
Syria oil map: the journey of a barrel of Isis oil
Syria oil map: the journey of a barrel of Isis oil:
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Isis controls most of Syria’s oil fields and crude is the militant group's biggest single source of revenue. Here we follow the progress of a barrel of oil from extraction to end user to see how the Isis production system works, who is making money from it, and why it is proving so challenging to disrupt.
By Erika Solomon, Robin Kwong and Steven Bernard•October 14, 2015"
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By Erika Solomon, Robin Kwong and Steven Bernard•October 14, 2015"
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