![The slide worsened after OPEC delegates downplayed the chance that their group and other producing countries would ...](/web/20170504214143im_/http://www.smh.com.au/content/dam/images/g/v/y/e/b/3/image.related.wideLandscape.460x259.gvyxdo.png/1493919680714.jpg)
Oil dives on stubborn global glut
​Oil prices collapsed to their lowest since late November amid rising investor worries about a persistent global glut.
​Oil prices collapsed to their lowest since late November amid rising investor worries about a persistent global glut.
The Indonesian government has launched a $US2 billion ($2.6 billion) lawsuit against the company responsible for the worst oil spill in the history of Australia's offshore petroleum industry.
Oil and gas producer Santos says governments are to blame for east coast gas supply problems.
The state government will go to Fair Work to prevent workers at Victoria's biggest energy plant going on strike and plunging the state into an energy crisis.
Caltex will move swiftly to complete its $95 million purchase of a large Victorian service station franchise chain operating under its banner after getting the all clear from the competition watchdog.
Today will be a major test of whether the fossil fuel industry is prepared to disclose the risks that climate change, including action to reduce emissions, poses to its business.
With storage prices dropping about 20 per cent a year, the attraction for cutting reliance on grid power is brightening fast.
Oil closed at the lowest in more than a month as Libyan output surged, and Saudi Arabia cut prices to Asian customers.
Westpac's decision to effectively rule out lending to the proposed giant Adani coal mine in Queensland has drawn praise from environmentalists but derision from the government and industry.
Rising energy prices drive a huge surge of consumers and businesses installing solar panels.
​US crude oil inventories fell sharply and stockpiles of gasoline jumped last week as refiners hiked production rates.
Saudi Arabia is losing market share to Iraq and Iran as a result of OPEC's agreement to curb supplies to bolster prices.
Only a minority of economists surveyed support setting aside gas for Australian users
Alinta Energy takeover gets the stamp of approval from FIRB.
Oil dropped below $US50 a barrel as investors lost faith that an extension of OPEC-led supply cuts will ease a global glut.
Tasmania could become a "battery for Australia" under a proposal to double the capacity of the country's largest hydro power scheme, Prime Minister Malcolm Turnbull has declared.
Oil slumped to a two-week low overnight, after US data showed a smaller-than-expected drop in overall crude stocks.
The farm could power more than 300,000 homes, according to proponents.
Citigroup joined Goldman Sachs in backing commodities, saying it's the season to have faith in raw materials and oil.
Crude oil prices slipped 1 per cent overnight in subdued trading, on news of rising US shale production and profit-taking
Canberra should step into the gas market to head off a looming supply crunch
The head of Victoria's energy watchdog has warned that households are being lured into deals with the promise of large discounts unaware that companies can ratchet up prices at any time.
Oil capped its third weekly gain after the IEA said production cuts have brought world markets "very close to balance".
The largest acquisition by a Chinese government entity of Australian assets has been greenlighted with FIRB not opposing the $US2.5 billion purchase of Rio Tinto's suite of NSW coal assets.
BHP has ramped up its campaign opposing a push to adopt a simplified corporate structure, arguing it could cost as much as $US1.3 billion for negligible gain
Do BHP shares trade at a discount or a premium? Asking the correct question is essential in deciding whether any rejig has merit.
One of BHP Billiton's largest shareholders has called for an overhaul of the group's structure which it argues could release billions in dollars of value for shareholders
Oil rose toward $US56 a barrel, supported by another shutdown at Libya's largest oilfield over the weekend.
The wisdom of a campaign by the Turnbull government emphasising the risks of moving too rapidly to renewable energy has been thrown into question by polling that suggests a majority of its supporters don't agree.
We can create a modern national energy system if we let informed regulators and the Chief Scientist Alan Finkel do their work unhindered.
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