Yesterday
Global oil demand to reach its peak this decade, IEA says
“The transition to clean energy is happening worldwide and it’s unstoppable,” IEA executive director Fatih Birol said in the group’s annual world outlook.
- Bloomberg News
This Month
Copper touches lowest since November as demand outlook darkens
Prices for the metal slumped as much as 1.2 per cent in London before clawing back to be little changed.
- Mark Burton and Annie Lee
Iran calls for oil embargo against Israel
Iran’s foreign minister called for a full and immediate boycott of Israel by Muslim countries, including an oil embargo on the country.
- Alex Longley, Grant Smith and Julia Fanzeres
Oil, bonds and gold consolidate gains as Middle East teeters
Oil had its biggest weekly increase since February and the $A stood near one-year lows as investors worried the Israel-Hamas conflict could spread.
- Updated
- Cecile Lefort
China slowdown no threat to Australia, economists say
The nation’s high-quality coal and iron ore and a growing export market are expected to help this country weather a downturn in the Asian giant – for now, anyway.
- Cecile Lefort
Exxon’s historic shale deal signals new wave of oil mergers
The US shale sector is a hotbed of consolidation talk as cash-rich oil companies compete for the best drilling portfolios in the Permian Basin.
- Kevin Crowley, David Wethe and Mitchell Ferman
Fears of wider Middle East turmoil lift oil prices, add to inflation
There are concerns that if the Israel-Palestine conflict spreads, it could hit oil supply and lift prices higher, adding to already elevated living costs.
- Cecile Lefort
Oil surges as Israel conflict reignites Middle East volatility
Any retaliation against Tehran could endanger the passage of vessels through the Strait of Hormuz, a vital conduit that transports much of the world’s crude.
- Julia Fanzeres and Alex Longley
Markets wobble, oil surges on Hamas attack
Investors piled into safe haven assets on Monday sending the Australian dollar lower amid escalating Middle East tensions.
- Joshua Peach
These analysts called the iron ore rally no one saw coming
Back in July, a Singapore-based research house made a near-perfect call on the price rally that few saw coming. Here’s where they see prices going next.
- Updated
- Joshua Peach
Oil sinks 5pc in biggest one-day drop in more than a year
Early signals that demand is flagging exacerbated markets’ unease over the prospect of a punishing stretch of high interest rates.
- Updated
- Julia Fanzeres
September
Argentina considers annual tax on lithium profits, domestic quota
Argentine leaders are keen to avoid yet another resource curse in a region that has been unearthing raw materials for centuries while remaining relatively poor.
- Jonathan Gilbert
Thermal coal climbs as Russia-Ukraine war rolls into its second winter
Twelve months after prices hit unprecedented highs above $US400 a tonne, coal markets are starting to prepare for a cold snap in Europe.
- Updated
- Joshua Peach
China’s grip on critical minerals draws warnings at IEA gathering
US Energy Secretary Jennifer Granholm told a closed-door meeting of government officials in Paris that energy security is poised to become increasingly complex.
- Joe Deaux
Oil prices ‘melt up’ in a march towards $US100 a barrel
The price of Brent crude, the international benchmark, has gained about 30 per cent since the start of July, trading at about $US96.50 a barrel on Wednesday.
- Stanley Reed
Oil jumps to one-year high as Cushing stocks hit critical levels
West Texas Intermediate topped $US93 a barrel after inventories at Cushing, Oklahoma, dropped just below 22 million barrels, close to operational minimums.
- Julia Fanzeres and Alex Longley
What slowdown? Why China’s demand for iron ore remains huge
Prices for the commodity have rallied despite the Asian giant’s property crisis, as the need for steel used in EVs stays strong. But analysts warn current prices are not sustainable.
- Updated
- Michael Smith and Joshua Peach
Rebound in steel prices key to iron ore’s rally
Renewed buying by Chinese steel mills has sent the price of the steel ingredient soaring above $US120 a tonne, but BMI has warned prices could drop to $US50 over the next decade.
- Timothy Moore
Surging oil market brings $US100 crude back in sight
Premiums for physical barrels are surging, with supplies from the Middle East, Azerbaijan and even Russia commanding premiums as refiners clamber to make diesel.
- Alex Longley and Sharon Cho
Oil pushes closer to $US95 a barrel as global market tightens up
Speculators boosted net-bullish wagers on Brent and US benchmark West Texas Intermediate to a combined 15-month high.
- Yongchang Chin
