Industry News

Latest from Australia's industrial and energy sectors

Oilprice.com • 18 Sep 2026
Saudi Export Pivot Sends Brent Below $105

Saudi Aramco shifts crude exports to the Persian Gulf, easing supply fears and pushing Brent below $105. Friday, September 18, 2026 Last week’s market panic …

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Oilprice.com • 18 Sep 2026
Russia’s $118 Billion Arctic Oil Bet Pushes Ahead Despite Sanctions

For the Kremlin, the giant Vostok Oil project in the frigid Far North is crucial to two goals: bolstering Russia’s presence in the Arctic and …

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Oilprice.com • 18 Sep 2026
INEOS Opens EU's First Full-Scale Carbon Storage Site in Denmark

An INEOS-led carbon capture and storage project in Denmark was launched on Friday to become the first full-scale CO2 storage site in the European Union, …

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Oilprice.com • 18 Sep 2026
LNG Tankers Push Through Hormuz Again as Qatar, UAE Fight Supply Crunch

At least two LNG carriers have transited the Strait of Hormuz so far this week, while two others were detected to have engaged in ship-to-ship …

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INEOS launches commercial CO₂ storage facility in EU
Offshore Technology • 18 Sep 2026
INEOS launches commercial CO₂ storage facility in EU

INEOS Energy-led Greensand has begun commercial operations at what the project partners describe as the European Union’s first full-scale facility for permanent CO₂ storage.

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Oilprice.com • 18 Sep 2026
The Oil Market’s Backup Plan Is Breaking Down

For decades, the biggest geopolitical risk hanging over the oil market has been the Strait of Hormuz. Before the conflict in Iran began in late …

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Oilprice.com • 18 Sep 2026
Japan's Refiners Have Enough Crude to Last Through November, Industry Body Says

Japanese refiners have procured enough crude oil to last them through November, the head of the Petroleum Association of Japan (PAJ) said on Friday, amid …

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Oilprice.com • 18 Sep 2026
WTI Retreats as Saudi Oil Workaround Eases Supply Fears

November WTI crude oil futures were trading at $96.35 at 0:51 GMT early Friday, up $0.49, or 0.51%, for the week. The contract traded as …

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Oilprice.com • 18 Sep 2026
Trump Advances More Than $27 Billion in Saudi and Israeli Arms Deals

Politics, Geopolitics & Conflict Poland's state-controlled refiner, Orlen, lost $230 million on a Venezuelan crude deal the moment it wired the money with no collateral …

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Oilprice.com • 18 Sep 2026
The Race to Build a World Beyond Hormuz

Every actor with the power to end this war has instead spent September building permanent infrastructure to live around it. The House voted for a …

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Oilprice.com • 18 Sep 2026
Saudi Oil Exports Rebound at Hormuz While East-West Pipeline Remains Offline

Saudi Arabia has sold as many as 60 million barrels of crude oil from the Persian Gulf port of Ras Tanura for September and October …

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Oilprice.com • 18 Sep 2026
India’s Clean Energy Boom Halts Coal Power Growth

India’s coal power generation did not grow between the first half of 2024 and the first half of 2026, for the first such two-year period …

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