US oil ends below $US50 a barrel
Oil dropped below $US50 in New York for the first time since December. It pared earlier losses in late New York trade.
Oil dropped below $US50 in New York for the first time since December. It pared earlier losses in late New York trade.
They are only starting to gain a foothold in the Australian market, but could batteries provide a near overnight solution to the energy woes that have hit South Australia and risk spreading east?
The head of one of the country's largest power utilities has warned there is no quick fix to the crisis that is enveloping the country's energy supplies.
Oil plunged to its lowest in three months amid renewed concerns that efforts to bring global supply into balance are failing.
​Study reveals eight oil companies are responsible for as much of the climate-damaging pollution spewed into the atmosphere as the entire US.
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.
South-eastern Australia is facing gas shortages within as few as two years that will bring with it the threat of electricity blackouts and household gas needs for cooking and heating not being met.
Oil prices plunged after news that US crude stockpiles increased far faster than expected to another record high.
So much for axing the tax: a growing crisis in the electricity market has led to wholesale power prices more than doubling in a year, and rising to at least twice what they were under the controversial Labor-Greens carbon price.
Domestic gas supplies are at risk since the owners of Queensland's gas export projects have insufficient reserves to maintain contracted supplies
The federal government has been warned the gridlock confronting energy policy risks exacerbating supply reliability while pushing power prices higher.
The oil market's failure to break out of the tightest range in more than a decade is sapping investor interest.
Oil prices fell more than 2pc after Russian February oil output was unchanged from January at 11.11 million barrels per day.
Rio Tinto's former chief executive Sam Walsh has had part of his retirement payments he was due to receive withheld.
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.
NSW should place a cap on the amount of thermal coal it can mine and plan an orderly phase-out of the industry within a decade to do its bit to avoid catastrophic climate change, NSW Greens say.
Woodside Petroleum's boss saw his pay cut in 2016 despite the energy giant posting a surge in profitability, after the company reviewed its executive pay following a shareholder vote.
The surge in the price of gas is threatening a rising number of jobs in the manufacturing sector
BP said it will need a crude price of about $US40 a barrel in 2021 to cover spending and dividends, from $US60 this year.
OPEC has cut its oil output for a second month in February, a Reuters survey found, once again paced by Saudi Arabia.
Declining output from existing oilfields will more than offset low demand growth resulting in the present oversupply to evaporate over the year ahead, BHP Billiton has forecast.
Hedge funds have never been so confident that the price of US oil will eventually rally as the current global glut clears.
It's the event in November that stops the nation - literally. Not that horse race, but China's leadership struggle ahead of November's national congress
The Victorian government is demanding the operator of Australia's main electricity grid explain how the state came close to losing electricity during the recent extreme heatwave to ensure NSW avoided power outages, adding to calls for a wider inquiry.
A new wave of solar energy is about to crest and it won't just be households benefiting.
I'll give it to you cold. Electricity prices are going up.
Ballarat and Bendigo faced losing electricity during the recent great eastern Australian heatwave so NSW could avoid power cuts, underscoring the parlous state of the country's grid.
Woodside has outlined an ambitious plan which could see undeveloped offshore gas handled at its onshore facilities as it promotes a "Burrup Hub" in the remote north west of the country
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.
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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