Industry News

Latest from Australia's industrial and energy sectors

Oilprice.com • 17 Aug 2026
Carbon Capture’s Biggest Problem Isn’t Capturing Carbon

Carbon capture is still debated as if technical performance were the decisive question. Can a solvent remove carbon dioxide from flue gas? Can the CO2 …

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Oilprice.com • 17 Aug 2026
Russia Receives First Gasoline Cargo From India as Fuel Shortages Spread

Russia has received its first gasoline cargo from India as Ukrainian attacks knock out refining capacity and a second wave of fuel shortages spreads across …

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Oilprice.com • 17 Aug 2026
War and Drought Are Choking the World’s Most Vital Trade Routes

Since early March, a previously obscure waterway between Iran and Oman that very few people could name has become the subject of daily reporting around …

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Oilprice.com • 17 Aug 2026
Chevron Strikes Oil and Gas Offshore Angola in Major Discovery

Chevron has announced a new oil and gas condensate discovery offshore Angola, hitting more than 2,000 feet of hydrocarbons in a Block 0 exploration well …

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Oilprice.com • 17 Aug 2026
U.S. Copper Imports Hit a 12-Year Record as LME Stocks Crash

U.S. importers hauled in more than 200,000 tonnes of refined copper in July, the biggest monthly volume in at least 12 years. Add that to …

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Oilprice.com • 17 Aug 2026
Libya Power Crisis Explodes as Grid Fails Again

Libya’s electricity grid suffered another major collapse on Monday, knocking power plants offline across western, central and southern parts of the country, shutting down the …

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Oilprice.com • 17 Aug 2026
Ukraine Has Shattered the Myth of Russian Military Might

When President Vladimir Putin sent his forces into Ukraine, the Kremlin appeared to be betting on a familiar axiom of European security: sheer Russian mass, …

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Oilprice.com • 17 Aug 2026
China's Renewables Boom Faces Record Clean Power Curtailments

Grid constraints and rising coal-fired power generation in China led to soaring curtailment rates of solar and wind power generation in the first half of …

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Oilprice.com • 17 Aug 2026
Venezuela’s Oil Revival Accelerates as U.S. Majors Push Trump’s New Energy Order

Following the Washington-led removal of Venezuela’s previous president, Nicolás Maduro, from office on 3 January this year, U.S. firms are pushing hard to keep increasing …

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Oilprice.com • 17 Aug 2026
Iraq-Syria Oil Pipeline to Bypass Hormuz Is 4 Years and $15 Billion Away

The project to ship Iraqi crude to the Syrian Mediterranean coast to bypass the Strait of Hormuz is still at least four years and $15 …

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Oilprice.com • 17 Aug 2026
UK Inflation Set to Rebound as Energy Bills Surge

Rising energy prices are poised to send UK inflation rearing back up, as economists warn that the summer boost to the economy could be fleeting. …

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Oilprice.com • 17 Aug 2026
Japan's Oil Crisis Eases, But the Import Bill Keeps Climbing

The oil crisis in Japan has eased in recent weeks as the resource-poor G7 economy that depended on the Middle East for 90% of its …

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