USA EIA Raises WTI Oil Price Forecasts
In its latest short term energy outlook (STEO), which was released on November 12, the U.S. Energy Information Administration (EIA) increased its West Texas Intermediate (WTI) spot average price forecast…
Woodside’s Pluto 2 LNG Expansion Risks Delay as Workers Push for Strike
The Pluto 2 LNG project, led by Woodside Energy, could face a delay in its completion if regulators allow workers at the site to go on strike. Unions applied for…
Oil Prices Edge Higher as Traders Brace for Russian Sanctions Deadline
Oil prices moved higher in early Asian trade on Thursday, with benchmarks partially recovering from a nearly 2% drop in the previous session. Markets are weighing a mix of demand…
CO280 proves biogenic CO2 capture in pulp and paper
Carbon dioxide removal company CO280 Solutions has successfully completed a pilot project to validate the performance of liquid amine technology to capture biogenic carbon dioxide from recovery boiler stack emissions…
COP30: Europe is ‘doubling down on the energy transition’
Europe is keen to demonstrate renewables-focused leadership at COP30 – and clear up any doubts about its strategic direction. Wopke Hoekstra, Commissioner for Climate, Net Zero and Clean Growth, said…
China launches vast coal-to-chemicals hydrogen project
China’s first coal-to-chemicals project integrating green hydrogen has started commercial operations this week, according to a report from state-run CCTV and carried by Reuters. Operated by major state-owned power producer…
India Seeks Mideast Oil Shippers amid Russia Sanctions
A surge in bookings for oil tankers to bring cargoes from the Middle East to India points to higher import flows ahead, as sanctions on major Russian producers force the…
Saudi Rare Earth Venture Sends MP Materials Shares Higher
MP Materials shares surged on Wednesday after the company announced a joint venture with Saudi Arabia’s Ma’aden to build a rare-earths processing and magnet manufacturing hub in the kingdom, a…
A Trend Break? EIA Sees Jump in Alaska Oil Production in 2026
Alaska’s production outlook is shifting for the first time in nearly a decade, with the U.S. Energy Information Administration (EIA) on Wednesday projecting that North Slope crude output will rise…
Biotech firm to capture CO2 from steam generation for low-carbon bio-oil
German biotech startup Colipi plans to use carbon dioxide captured from industrial exhaust gases to produce bio-based materials, including low-carbon alternatives to plant-based oils. The firm will filter CO2 from…
