Morgan Stanley

The rise of data centres, electrification, Asian industrialisation and military spending are reshaping global copper market dynamics, while insufficient mining investment could increase price volatility.
Energy logistics firm Exolum launches the UK’s first independent sustainable aviation fuel blending site, supporting a nationwide network expected to supply up to 65,000 flights per year.

The biofuels sector rejects a tax increase deemed brutal

French biofuel stakeholders denounce a tax hike on B100 and E85 announced in the 2026 draft budget, which they say threatens their income and the industrial balance of local areas.
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Ahead of COP30, four major economies commit to regulating the increase in sustainable fuel production and consumption by 2035.
The 2026 draft budget proposes eliminating tax incentives for B100 and E85 fuels, prompting opposition from agricultural unions concerned about the economic impact on the biofuel sector.

European airlines pressure Brussels over shortage of sustainable fuels

Airlines for Europe warns of insufficient sustainable fuel production in Europe and requests a delay in regulatory obligations if the European Commission does not act swiftly.
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Spanish producer Moeve becomes the first external SAF supplier to join Shell’s blockchain-based platform designed to expand low-emission jet fuel adoption.
LIFT Power has completed the first phase of baseline studies for the Yellowknife lithium project, a key step toward permitting and long-term mine planning.

First Lithium launches exploration campaign over 17,300 hectares in northern Ontario

First Lithium Minerals begins a field programme at its Lidstone project, aiming to identify gold or base metal drilling targets in a historically underexplored greenstone belt.
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Global demand for biofuels is driving a sharp increase in used oil imports to Europe and the United States, straining global feedstock supply chains, according to the International Energy Agency.
Singapore’s gasoil and kerosene inventories reached a three-month high after a sharp weekly drop in net exports, supported by a marked increase in imports from Northeast Asia.

CMSI opens final consultation on global consolidated mining standard

CMSI launches a public consultation until 17 November to finalise a common mining standard designed to simplify industrial requirements and strengthen global adoption.
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Trader Alkagesta opens a new biofuels trading desk in Geneva, targeting European market growth and consolidating its investments in alternative fuels.
The Indonesian government plans to mandate a 10% bioethanol blend in gasoline to reduce fuel imports and support the local ethanol industry.

Canada provides $735,000 to Arianne Phosphate for phosphorus processing project

The Canadian government supports a pilot phosphorus purification project in Quebec with public funding aimed at strengthening the national strategic minerals supply chain.
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Energy Fuels has completed a $700mn fundraising through 0.75% convertible notes, aimed at supporting its rare earth and uranium projects.
California lifts its ban on E15 fuel, opening its vast market to the ethanol-gasoline blend in a bid to lower prices and expand consumer options.

DRC caps cobalt exports at 96,600 tonnes until 2027

Kinshasa replaces export ban with a quota system covering just half of its output, triggering a price surge and global supply tensions.
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India holds a surplus of ethanol that could support SAF production, but unclear sugarcane feedstock rules limit commercial development.
Italy’s competition authority has fined six oil companies nearly €1bn for colluding on bioethanol pricing between 2020 and 2023, including a €336mn penalty for Eni.
The International Energy Agency warns of growing vulnerability in strategic metal supply chains, dominated by a limited number of producing and refining countries.
The European rearmament plan intensifies pressure on critical metals supply chains, dominated by China, and in direct competition with other key industrial sectors.

Rosneft takes control of strategic rare earth deposit Tomtor in Siberia

State-owned oil group Rosneft has taken over the exploitation licence for the Tomtor rare metals deposit, marking the entry of hydrocarbons into a mining sector largely abandoned by private investors.
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During a visit to France, the Saudi Minister of Industry presented the kingdom's titanium and aluminium as levers to reach agreements with French manufacturers and support the country’s industrial diversification.
Smackover Lithium’s South West Arkansas project becomes one of only three lithium initiatives designated as priority projects in the US under the presidential executive order on mineral autonomy.

European Union delays climate commitments amid political tensions

The European Union postpones the launch of negotiations on its 2040 climate target amid internal deadlocks and mounting geopolitical pressure.
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In Nasarawa State, Nigeria, lithium extraction is intensifying due to the rising demand for this strategic mineral. Between artisanal operations and foreign investments, the sector is developing despite regulatory challenges and local tensions.
The Indian government has announced an investment of 1.8 billion euros to reduce its dependence on China for strategic minerals essential for the renewable energy and defense industries.

Ecoplanta: Repsol’s Project Reaches Key Milestone for Methanol Production from Waste

Repsol has approved the final investment decision for the Ecoplanta project in Spain. This innovative project, utilizing Enerkem's technology, aims to convert non-recyclable municipal waste into methanol, marking a step towards industrial decarbonization.
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A major agreement between Petrobras and Vale marks a significant advancement in the decarbonization efforts of Brazil's energy and mining sectors, with the supply of renewable content diesel intended for heavy vehicle fleets.
The French government unveils its strategy to increase offshore wind capacity, targeting 18 GW by 2035 and 45 GW by 2050, through an ambitious call for tenders covering all maritime fronts.

Economics of Shale Projects: Rising Costs of Oil Production

The continued increase in development costs of upstream oil projects is testing the economic viability of new oil production. A recent study by Rystad Energy reveals an increase in breakeven costs, while still remaining below current oil prices.
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Avjet Holding Inc. was fined 200,000 dollars by the Quebec Court for violating the Canadian Environmental Protection Act following a spill of 4,900 liters of petroleum product in January 2023.
TotalEnergies, in partnership with APA Corporation, has confirmed a USD 10.5 billion investment to develop Block 58 off the coast of Suriname. The project aims to exploit the oil resources from the Sapakara and Krabdagu fields, with reserves estimated at over 750 million barrels. The fields, located 150 kilometers offshore, will be developed using a Floating Production Storage and Offloading (FPSO) unit capable of processing up to 220,000 barrels per day.

OPEC cuts demand forecasts in the face of rising rival production

OPEC is revising its oil demand forecasts for 2024 and 2025 downwards, due to weak economic growth and increased supply from its competitors.
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In Uganda, 21 activists were arrested in Kampala for protesting against the EACOP oil project, backed by international players, highlighting the economic and geopolitical tensions surrounding this initiative.

Georgia launches its first refinery to secure its energy supply

Georgia begins construction of its first oil refinery at Kulevi, with the aim of reducing its dependence on Russian imports and strengthening its energy autonomy.
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Masdar and TotalEnergies are collaborating to transform green hydrogen into methanol and sustainable aviation fuel (SAF) in Abu Dhabi, aiming to decarbonize the aviation and shipping sectors.
Zambia will import 200 MW of electricity from South Africa and Zimbabwe to compensate for severe power cuts caused by prolonged drought.