Oil dipped slightly last week on a weaker demand outlook while Russia cast doubts on the timing of a decision to extend supply cuts led by the Organization of Petroleum Exporting Countries. Wagers on lower Brent prices rose by the most since June through the week to Nov. 14 amid uncertainty over Saudi Arabia’s push to prolong output curbs. Yet an extension remains likely, according to PVM Oil Associates Ltd. “It is widely believed that OPEC, together with 10 non-OPEC countries, will roll over their production for the whole of 2018,” said Tamas Varga, an analyst at PVM in London. Click Read More below for additional information.

American Dollar to Canadian Dollar = 0.804070; American Dollar to Chinese Yuan = 0.156195; American Dollar to Euro = 1.225948; American Dollar to Japanese Yen = 0.009036; American Dollar to…

Stora Enso and Swedish electric car company Polestar have started collaboration to create a truly climate-neutral car by 2030. Stora Enso joins Polestar 0 project as a partner to contribute to the car’s climate neutrality with their bio-based battery material Lignode® by Stora Enso, made from trees. The Polestar 0 project, launched in 2021, aims to create a climate neutral car by 2030 by eliminating all sources of CO2 emissions – not only offsetting them – throughout the supply chain and production. Reaching full climate neutrality throughout the value chain, however, is a challenge for such a complex product as a car. Stora Enso takes on the challenge to contribute to the car battery’s climate neutrality with its bio-based battery anode material, Lignode® by Stora Enso, with the aim to become a commercial supplier for the outcome of the Polestar 0 project. Graphitic carbon in car batteries today is either mined or made from fossil-based materials. Lignode® by Stora Enso is made of lignin which comes from sustainably managed Nordic trees that grow back once harvested. It is essential to revolutionise battery technology to sustainably cover the needs for energy storage in an electrified future. Stora Enso believes that the key to combating climate change involves the use of renewable materials.