Oil prices rose about 2% after the U.S. Congress passed a debt ceiling deal that averted a government default in the world's biggest oil consumer and jobs data fed hopes for a possible pause in interest rate hikes ahead of a meeting of OPEC and its allies this weekend.
A group of U.S. congressmen have formally complained about what they call unfair ethanol trade practices by Brazil that includes a blockade of U.S. companies seeking to take part in the Brazilian low-carbon biofuel program RenovaBio.
To support the advancement and deployment of CCS, the new Global Energy Infrastructure Carbon Capture Storage database provides a comprehensive collection of information and data related to CCS projects worldwide.
Oil steadied as a potential pause in U.S. interest rate hikes and the passing of a crucial vote on the U.S. debt ceiling bill were offset by a report of rising inventories in the world's biggest oil consumer.
ExxonMobil Low Carbon Solutions’ newest carbon capture and storage agreement – with Nucor Corporation, demonstrates their continued momentum in helping industrial customers reduce emissions.
Technip Energies, LyondellBasell and Chevron Phillips Chemical announced the signing of a Memorandum of Understanding for the design, construction and operation of a demonstration unit for Technip Energies’ electric steam cracking furnace technology (eFurnace by T.EN) to produce olefins.
Mexico's president took office in late 2018 pledging to boost local output of gasoline while phasing out imports, but so far state refineries have instead set a different course: bumper production of highly contaminating fuel oil.
Chemical maker Lyondell Basell Industries said that it plans to delay its refining business exit from year-end 2023 to no later than the end of the first quarter 2025.
Oil prices edged up after steep losses in the prior session, as market participants awaited an expected vote on a bipartisan deal to lift the $31.4-T U.S. debt ceiling.
Honeywell announced that bp selected its Ecofining technology to help support the production of SAF at five facilities.