The oil market had become almost boring the past few months, with prices hovering around $US51 to $US56 a barrel. Not anymore.

• ANALYSIS

So how did we get here?

Oil capped the biggest weekly loss since November after surging US supplies erased three months of gains.

A potential Exxon Mobil bid for BP has been dismissed by analysts as not particularly compelling.

Drillers added eight oil rigs in the latest week, bringing the total count up to 617, or 60 per cent more than a year ago.

As the federal government grapples with talk of an energy crisis, two tech billionaires appear to be getting a ground-breaking deal done on Twitter.

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.

• EXCLUSIVE

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.

• ANALYSIS

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