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Decarbonising in the real world is more complex than with portfolios.

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

LME-tracked stockpiles of the metal — needed both for the energy transition as well as mainstay, old-economy needs — jumped to the highest since October 2021 last week.

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
A Palestinian girl carries walks past the site of a deadly explosion at Al-Ahli Arab Hospital in Gaza City.

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
Investors scurried to the safety of gold.

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
Prashant Newnaha: “By no way is China out of the woods, but our sense is that we have passed peak pessimism.”

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
A pumpjack operates on an oil well in the Permian Basin in Crane, Texas.

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
Oil prices are still 8 per cent below their September peaks.

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
Israeli armored personnel carriers drive toward the Israeli southern border with the Gaza Strip.

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
Iran is a major oil producer and key backer of the Hamas group that launched this weekend’s offensive on Israel.

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
“Compelling”: The recent rally has triggered major research houses to re-evaluate their outlook for iron ore.

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
The drop in oil came even as OPEC+ leaders Saudi Arabia and Russia committed to sticking with production curbs of more than 1 million barrels a day until the end of the year.

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


The South American nation is the world’s fastest-growing producer of lithium, a key component in batteries needed for the global transition to cleaner energy.

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
The price of Australian coal hit close to $450 in September last year.

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 accounts for more than half the world’s production of battery metals including lithium (photo), cobalt and manganese, and as much as 100 per cent of rare earths.

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
Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman.

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
Transport costs, driven up by higher petrol prices, lifted by 7 per cent in October.

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
China consumes more iron ore than any other nation and is the world’s biggest steel producer. Much of it goes into EVs like these at BYD in Sydney.

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
Demand for steel is key to iron ore extending its rally, analysts say, and that’s far from assured.

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
Chevron CEO Mike Wirth is bullish on the oil price.

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
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman.

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