Business

Turnbull warns Australia is in an 'energy crisis'

Australian Prime Minister Malcolm Turnbull speaks to media on sidelines of at Indian Ocean Rim Association summit in ...

Declaring that Australia is in the midst of an energy crisis, Prime Minister Malcolm Turnbull has said he will call together the chief executives of east coast gas companies to address the threat to their customers.

Oil rally doubts emerge

After hitting a record high last week, hedge funds reduced wagers that US oil prices would rise as concern grows that ...

The oil market's failure to break out of the tightest range in more than a decade is sapping investor interest.

Oil drops as Russians stall

Russian Energy Minister Alexander Novak said it was too early to say if the deal to reduce oil production would be ...

Oil prices fell more than 2pc after Russian February oil output was unchanged from January at 11.11 million barrels per day.

Hydro storage floated for grid stability

A map showing potential areas for off-river pumped hydro energy storage.

Pumped hydro storage can be used to help build a secure and cheap Australian electricity grid with 100 per cent renewable energy, a new study from Australian National University has found.

Record bets on oil advance

Hedge funds boosted their net-long position on WTI, or the difference between bets on a price increase and wagers on a ...

Hedge funds have never been so confident that the price of US oil will eventually rally as the current global glut clears.

Woodside raises payout on profit surge

Woodside Petroleum's net profit was up sharply on the performance in 2015 and broadly in line with analyst forecasts.

The rebound in oil - and gas - prices helped to propel Woodside Energy's earnings sharply higher in 2016 as it looks to higher output in the year ahead to maintain the growth momentum.

Pleas for extension to examine huge CSG plan

Santos' environmental impact statement for its Narrabri CSG project has finally been made public.

Environmental groups want more time to consider the impacts of Santos' Narrabri CSG project that will include as many as 850 wells, producing more than 100 tonnes of waste salt alone per day.

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