Elon Musk's intervention in Australia's energy crisis is widening a divide over the future of coal.

The head of Santos says Australia is at risk of mimicking Argentina in crippling it's own gas industry.

Oil prices rose 1.3 per cent overnight after much stronger demand in China overshadowed a report on rising OPEC output.

• COMMENT

Prepare for a shock. On July 1 electricity prices jumped 15 to 20 per cent.

• EXCLUSIVE

Attempts to blame renewable energy for high electricity prices are misguided says expert report.

Environment Minister Josh Frydenberg is now embracing the waves in hunt for new energy sources.

"I just liked the look of it," retired dress designer Ingrid Hawke says.

Oil climbed above $US45 a barrel after the Energy Information Administration cut its US crude output forecast for next year.

• COMMENT

Elon Musk stole all the headlines with the announcement that Tesla's largest ever battery would be built 200 kilometres north of Adelaide.

Canberra businesses say recent price increases are just another hit to their bottom line.

Warren Buffett's Berkshire Hathaway reportedly is ready to bid for Oncor Electric in Texas after a US$18b deal collapsed.

The British billionaire leading the group set to buy Australian steel maker and mining group Arrium has floated a radical suggestion on how to generate power using empty mines.

US strategic crude stockpiles have dropped to the lowest level in more than 12 years.

Crude oil fell sharply, ending the longest winning streak this year, amid reported Russian opposition to deeper output cuts.

Qatar, in a move that could impact Australia, has announced plans for a steep rise in LNG production, suggesting readiness for a protracted dispute with Gulf neighbours.

Oil was little changed as forecasts that US stockpiles shrunk were weighed against estimates that OPEC expanded production.

Qatar just undermined Australia's efforts to overtake it as the world's biggest producer of liquefied natural gas.

​Spanish power and gas company Gas Natural has approached Portuguese rival EDP about merging.

OPEC's crude production rose to the highest this year in June as member nations exempt from output curbs pumped more.

Oil rose more than 2 per cent overnight, resuming its longest stretch of daily gains in more than five years.

Renewable energy is seen supplying rising demand for electricity.

Crude oil prices gained as government data showed a drop in US petrol supplies at the start of the summer driving season.

Energy companies offering you money to turn off power-guzzling appliances is just one of the ideas in a proposed initiative.

Hopes gas will play the role of a so-called transition fuel towards a low-carbon future are dimming as costs of renewable energy dive and its emissions edge over coal is increasingly questioned, a new report by the Climate Action Tracker argues.

The NSW opposition leader Luke Foley has been caught out promising a policy that the Berejiklian government has already begun.

Fuel supplier Caltex Australia says it expects underlying half-yearly net profit to rise as much as 22 per cent as it benefits from higher refiner margins and bigger volumes of premium diesel sales.

Oil prices ended down more than 2 per cent after hitting a 10-month low in volatile trade amid renewed glut worries.

The energy utility has chosen the former head of Broadspectrum to succeed its outgoing chairman, Jerry Maycock.

• ANALYSIS

Like the Pythonesque parrot, Alan Finkel's independent review into the future security of Australia's electricity market is merely sleeping.