• 55 mins ago

Origin Energy will sell its oil and gas business to focus on its energy markets and LNG business, a move that will cheer many investors.

BHP Billiton has won the contest to partner with Pemex to develop a deep water oil field in untapped Gulf of Mexico waters.

Crude rose above $US55 a barrel to hit a 16-month high amid rising prospects of a tightening market.

Citigroup is bullish on oil, copper, zinc, and wheat; it's bearish on coal, iron ore, gold and soybeans.

Hong Kong's Cheung Kong Infrastructure may need an Australian partner to win federal government approval for its $7.3 billion tilt for energy network and gas pipeline owner and operator DUET Group.

A company led by Asia's second richest man Li Ka-Shing has made a $7.3 billion bid for infrastructure owner Duet Group, just four months after the Turnbull government blocked the purchase of NSW's poles and wires business by the same group.

A boom in electric vehicles made by the likes of Tesla Motors could erode as much as 10 percent of global gasoline demand by 2035, according to the oil industry consultant Wood Mackenzie.

​Oil prices rallied for their best week in at least five years on Friday, steadying above $US51 a barrel.

Saudi Arabia was finally persuaded to turn off its oil tap and buoy the markets in a three-cornered deal with Moscow and Tehran.

The Victorian government has launched an emergency intervention to stop a workers' strike at Esso that could threaten the state's gas and energy supply.

OPEC hopes to pare global stockpiles back to a normal level, paving the way for prices to rise to more than $US60 a barrel.

Brent oil climbed to the highest level this year after OPEC approved its first supply cuts in eight years.

Investors are growing in their conviction that the bottom for global yields is in the rear-view mirror.

The biggest beneficiaries of OPEC's decision to shrink oil production will include its most implacable enemies: US shale drillers.

Oil prices soared more than 10 per cent as OPEC producers agreed to curb production for the first time since 2008 in a bid to support prices.

• COMMENT

Even if you know nothing about taxation, happy multinationals are usually a fool-proof measure that can be employed to determine if a tax is raising the appropriate amount of revenue.

An OPEC deal to curtail oil production appeared in jeopardy as Iran said it won't make cuts.

​OPEC is trying to rescue a deal to limit oil output as tensions rise among the producer group and Russia.

Saudi Arabia won't meet with non-OPEC nations including Russia amid disagreements about how to share the supply cuts.

Forget the stagflation of the 1970s. Higher oil prices would be a boon for the global economy so says Goldman Sachs.

​Oil prices fell amid doubts that OPEC will agree to a big enough output cut to make a significant dent in the global glut.

Wouldn't it be ironic if someone deep in Trump's confidence made a bet on cleaning up energy?

Oil fell after an OPEC committee failed to agree on Iranian and Iraqi production levels.

The Baird government has been accused of raiding NSW's $1.4 billion Climate Change Fund to subsidise increased land clearing.

Oil climbed to a three-week high as Iran signalled optimism that OPEC will agree to a supply-cut deal.

Glencore is seeking to raise $550 million from investors via a debt issue guaranteed by oil from Iraqi Kurdistan in an attempt to secure a big slice of the high-risk – and high-reward – market in a region at war with Islamic State.

• COMMENT

From dead birds to power outages in severe storms, it seems that wind power can be fitted up for anything.

Oil markets are faced with the rising threat of an oil shortage emerging over the next few years, the IEA has warned.

Rich countries must close all their coal-fired power plants by 2030 to have a chance of holding global warming to tolerable levels, a report from an environmental research group said.