Five key charts to watch in global commodity markets this week
A steel-industry crisis in China is sending iron ore prices tumbling. Meanwhile, soybean stockpiles are at a record high in the Asian nation. In the US, a hot summer is …
Oil & Gas
Woodside to be ‘global LNG powerhouse’ after $1.4b deal
Woodside Energy has agreed to buy a troubled US company with a fully permitted liquefied natural gas facility in development in the Gulf of Mexico in a $US900 million ($A1.4 …
East coast gas not affected by Japan exports: minister
Fears a gas supply shortage on Australia’s east coast is being caused by exports to Japan is a “peak conspiracy theory”, according to the resources minister. Japan has long-term contracts …
East coast gas prices rocket after AEMO issues warning about winter shortage
East coast gas prices have rocketed after the energy market operator issued a rare notice warning of a looming shortage through winter. Short-term wholesale prices in Sydney jumped 43 per …
Chevron’s Wheatstone domestic gas supply could be offline until June 27
Chevron will keep domestic gas production at the huge Wheatstone project near Onslow turned off for far longer than industry sources had initially expected. On Monday night the US oil …
Half of exported gas royalty free in ‘obscene giveaway’
A failure to impose royalties on more than half of Australia’s exported gas is costing the public purse billions of dollars, independent think tank research shows. The Australia Institute report …
Half of exported gas royalty free in ‘obscene giveaway’
A failure to impose royalties on more than half of Australia’s exported gas is costing the public purse billions of dollars, independent think tank research shows. The Australia Institute report …
Australian Energy Producers backs in ‘extremely strong’ case for new WA projects amid shortfall warning
Australia’s energy producers have issued another emphatic warning that shoring up new gas supplies will be critical if the State is to become a minerals processing hub. Oil and gas …
Gas code confirms up-front connection cost
Victoria’s energy regulator has confirmed plans to cut incentives for new gas connections as the state transitions away from fossil fuels. The Essential Services Commission’s new code of practice for …
HESTA super fund boss Debby Blakey says Woodside must be more ambitious on climate
The boss of super fund HESTA says Woodside Energy has been sent a clear message after the company’s climate plan was knocked down at a tempestuous annual meeting on Wednesday. …