Woodside Energy Group Ltd $WDS, Australia’s leading oil and gas producer, and the federal government have agreed to extend the consultation period for the North West Shelf (NWS) LNG extension project. This development follows last month’s conditional environmental approval, as stakeholders seek clarity on the terms imposed on the expansion of Australia’s oldest and most strategically significant liquefied natural gas (LNG) facility.

On Friday, traders significantly increased their activity in West Texas Intermediate (WTI) crude oil call options priced at $80, anticipating further price gains following heightened geopolitical tensions in the Middle East. The escalation began with Israeli airstrikes targeting Iranian positions, intensifying fears of a broader conflict in the region—a key factor influencing global oil markets due to the Middle East's critical role in energy supply.

In a landmark decision reshaping the global steel industry, former U.S. President Donald Trump has approved Nippon Steel’s $5401.T $14.9 billion acquisition of U.S. Steel $X. The move concludes nearly 18 months of regulatory scrutiny, labor union pushback, and national security evaluations.