Crude oil prices are up due to Hurricane Francine’s impact on Gulf of Mexico production and expected inventory declines. Economic factors and weak data from China also play a role.
ExxonMobil and Mitsubishi are planning a low-emission hydrogen plant in Texas, aiming to produce up to a billion cubic feet per day. The project will capture over 98% of its CO2 emissions for permanent storage, supporting global decarbonization goals and the transition to clean energy.
Curious Minds Corner
Question of the week
What is the primary component of natural gas?
The first person to answer the week’s question wins a reward from LDV Consulting. Good Luck!