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
- Opinion
- Chanticleer
Big oil’s $179b deal spree adds to push for action at Santos
Exxon and Chevron’s mega-mergers are a sign big energy companies are moving to cash in on the sector’s ‘golden sunset’. Can Santos do the same?
- James Thomson
Chevron to buy Hess for $84b in second oil mega-merger in weeks
The proposed deal raises the competition between Chevron, the No. 2 US oil and gas producer, and Exxon.
- Reuters
Rinehart changes Liontown’s game | Is Origin worth more? | Bullock’s oil price headache
In this week’s episode, James and Anthony look at two spicy takeover battles and celebrate the podcast’s first birthday with special guest Financial Review editor-in-chief, Michael Stutchbury.
Santos courts controversy on Barossa gas
The gas producer drew criticism from an activist shareholder group by refusing to concede its $5.8 billion project is running late.
- Angela Macdonald-Smith
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
Woodside calls for ‘urgent’ reforms amid threat to Scarborough gas
The warning by chief executive Meg O’Neill came as Woodside delayed its flagship clean energy project, a US hydrogen venture in America.
- Angela Macdonald-Smith
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
- Analysis
- Israeli-Palestinian conflict
Biden’s oil reserve bet looks shaky as Israel pounds Gaza
The decision to sell from the US strategic reserve could come unstuck, amid fears the Middle East conflict could push prices higher and accelerate inflation.
- Matthew Cranston
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
- Opinion
- Chanticleer
Market’s muted reaction to Israel-Hamas war ignores unholy trinity
Investors will look past the conflict while it remains. But the risks from higher bond yields and a stronger US dollar haven’t gone away, and oil prices are a big watch.
- James Thomson
After Israel attack, oil prices now hinge on these five things
There are several geopolitical considerations that will hinge on how far Israel takes its response. For now, these are the most immediate considerations for oil traders.
- Alaric Nightingale
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
- Opinion
- Chanticleer
Israel-Hamas war will rock an already edgy oil market
Peter Coleman says a ‘worry factor’ from the Israel-Hamas war will lift oil prices in the short term. Longer term, it’s more evidence energy abundance is over.
- Updated
- James Thomson
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
Can brains disrupt Australia’s lithium mining brawn?
Some of the world’s biggest and smallest companies reckon technology can disrupt Australia’s lithium boom by unlocking vast new supplies and crushing prices.
- Peter Ker
Oil’s slump deepens below $US85 with demand under the microscope
Crude oil prices retreated sharply amid worries about the effect of elevated interest rates on the global economy,
- Julia Fanzeres and Elizabeth Low
- Opinion
- Chanticleer
Beware an oil price head fake
Oil’s sudden drop is a relief to investors and central banks. But a tricky supply outlook and a confusing demand picture will keep the market volatile.
- James Thomson
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
Saudis and Russians stick with 1 million-barrel oil cut - for now
Oil prices surged to almost $US100 a barrel in London last week as the two nations choked supplies but the rally in prices has since faltered.
- Grant Smith and Salma El Wardany
