Venezuela Deploys Ships to Oil Port
Venezuela’s government is deploying vessels to the Gulf of Venezuela in response to the U.S. federal government’s move to deploy warships near Venezuela’s coast. Bloomberg reported the news, citing a…
US Commerce axes $7.4bn Natcast semiconductor funds over ‘unlawful’ setup
The US Commerce Department has revoked up to $7.4bn semiconductor research grant following claims that the Biden administration unlawfully established the National Center for the Advancement of Semiconductor Technology (Natcast)…
Goldman Sees Oil Falling Below $55 in 2026
Goldman Sachs commodity analysts expect Brent crude to slump to the low $50s next year, citing an expected oversupply of some 1.8 million barrels daily towards the end of the…
China’s Industrial Profits Shrink 1.7% as State Firms Falter
China’s industrial sector remains under pressure, as total profits among large-scale industrial enterprises slid 1.7% year-over-year in the January–July period, totaling CNY 4.02 trillion, according to the National Bureau of…
US Oil and Products See Draw Across the Board
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, dropping by 974,000 barrels in the week ending August 15. Analysts had expected…
OPEC+ May Unwind 1.65MM Bpd of Cuts at Next Meeting, Analyst Warns
There is an increasing risk that OPEC+ will unwind the last 1.65 million barrels per day of cuts when they meet on September 7, Bjarne Schieldrop, Chief Commodities Analyst at…
BASF and Yara scrap US Gulf Coast low-carbon ammonia project
Chemicals company BASF and clean energy specialist Yara Clean Ammonia have axed plans for a low-carbon ammonia production facility with carbon capture and storage (CCS) on the US Gulf Coast.…
Delays cause Topsoe sales slide but key plant nearly complete
Delayed projects led to revenues in Danish green tech business Topsoe’s catalyst and technology businesses falling by 10% and 14% respectively in the first half of 2025. Overall revenues amounted…
Novelis demonstrates UK’s first hydrogen fuel switch in aluminium plant
Aluminium processing firm Novelis has completed the UK’s first full-scale hydrogen fuel switching demonstration in the aluminium industry at its Latchford plant, marking a major step toward industrial decarbonisation. The…
Baker Hughes wins turbines contract for Commonwealth LNG
Energy technology firm Baker Hughes has won a contract to supply Commonwealth LNG, a 9.5 million tonnes a year liquefied natural gas export project on the Calcasieu Ship Channel near…
