Business

PM Malcolm Turnbull spoke to the Tesla CEO for an hour on Sunday.

Turnbull, Musk 'pick each other's brains' over energy storage

Tesla's Elon Musk may have garnered maximum publicity with his offer last week to solve South Australia's power crisis for free if he did not deliver with 100 days of signing a contract, but neither the Prime Minister nor South Australia's Premier are in a hurry to take him up on the offer.

Turnbull warns Australia is in an 'energy crisis'

Prime Minister Malcolm Turnbull and his wife Lucy met Bill Leak at the time of the Spycatcher trial.

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.