Focus on Fuel
World Bank’s IFC signs green financing deal with Indonesia steel mill
Money for electric arc furnace technology could help steelmaker decarbonise and compete in markets looking for green steel.
GM to launch its first ethanol-capable hybrid-flex vehicles in Brazil
General Motors saidit would begin producing its first-ever hybrid-flex vehicles that can run on 100% ethanol or gasoline alongside their batteries in Brazil.
Oil drilling sparks Indigenous outcry as spills tarnish Ecuador Amazon
An oil spill in Ecuador’s Yasuni National Park has devastated local ecosystems, prompting Indigenous Waorani leaders to demand a halt to all oil...
Mountain Valley Pipeline test failure due to manufacturer defect, not corrosion: report
A May rupture of the Mountain Valley Pipeline in Virginia was due to a manufacturer defect, not corrosion, a report says.
US oil, gas M&A nears 2023 record, focus shifts from Permian – Rystad
Oil megamergers and consolidations have cost $100bn so far this year with $46bn of further assets up for sale, according to analysis.
Coal generates less than 50% of Australian power for first time
Stormy weather helps push wind production up as Australia's usage of coal to create electricity drops below half.
Citi says oil prices could average $60/bbl in 2025 without cuts
If OPEC+ doesn't reduce production further, say analysts, oil prices could drop to $60 a barrel in 2025.
Putin to discuss gas supply contract with Serbian deputy PM
Russian gas already sent to Serbia but Putin will discuss supply contract with country's Deputy Prime Minister.
