Americas
Oil rises as U.S. inflation cools
Oil benchmark Brent futures breached $80 a barrel for the first time since May after U.S. inflation data suggested the interest rate hike cycle in the world's biggest economy is set to finally cool.
H.E. Minister Saad Sherida Al-Kaabi stated that QatarEnergy will supply 40% of new LNG by 2029 at the LNG 2023 "Leadership Dialogue"
His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said “40% of all the new LNG that will come to the market by 2029, when all our projects are up and running, is going to be from QatarEnergy.”
Oil prices up 2% to 10-week high on weaker US dollar, rising demand forecasts
Oil prices jumped about 2% to a 10-week high, boosted by a falling U.S. dollar, hopes for higher demand in the developing world and supply cuts by the world's biggest oil exporters.
Technip Energies and LanzaTech to collaborate on CO2-to-ethylene tech
Technip Energies and LanzaTech Global, Inc. signed a Joint Collaboration Agreement to create a new pathway to sustainable ethylene utilizing their combined technologies.
Oil dips on Chinese and U.S. data, but OPEC+ cuts limit fall
Oil prices dipped after weak economic data from top consumers the United States and China, though expected crude supply cuts from Saudi Arabia and Russia limited losses.
Fertilizer companies race to U.S. Gulf to make low-emissions ammonia
Fertilizer companies are leading the race to build plants along the U.S. Gulf of Mexico to produce ammonia, a compound mainly used for fertilizer, while capturing most of the carbon dioxide emissions.
Biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast
Last year, U.S. West Coast distillate consumption, as measured by product supplied, was at its lowest since 2002 and is on track to fall further this year.
Fertilizer company OCI bets big on climate-friendly ammonia
Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1-B plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy government subsidies, new markets and a contingency plan.
Oil prices up 2% to 6-week high on supply concerns
Oil prices climbed about 2% to a six-week high as supply concerns outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil.
U.S. crude, gasoline inventories fall more than expected
U.S. crude stocks drew more than expected on strong refining demand, while gasoline inventories posted a large draw after an increase in driving last week, the Energy Information Administration said.
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- XCF, DevvStream, Southern Energy Renewables partner to bring transferable 45Z clean fuel credits to market 4/17
- HyOrc completes independent process and technology verification for waste-to-methanol platform 4/17
- Bottled lightning makes a cleaner fuel: Research shows how bursts of plasma convert methane into methanol without high heat and pressures 4/17
- Evonik launches high performance isodewaxing catalysts for fuels and lubricants production 4/16
- BASF to increase its price for neopentylglycol in the U.S. and Canada 4/16
