Aussies warned of price hikes long after conflict ends
Higher prices will likely linger for motorists and consumers even if there is a speedy end to the latest conflict in the Middle East.
oil and gas – downstream activities
US could exit Iran war soon, Trump says – and NATO, too
President Donald Trump has signalled the US may soon wind down the Iran war without a deal, and threatened to ditch NATO for not helping him with the conflict.
Oil exec handed largest ever fine over contract rigging
A court has fined an oil company $5 million and its chairman $1 million for cartel conduct in a case brought by the competition watchdog.
Trump extends deadline for striking Iran’s power plants
President Donald Trump has delayed a threatened strike on Iran's energy infrastructure until April 6, after Tehran rejected a US ceasefire plan.
Electric or bust: truck industry demands urgent U-turn
Skyrocketing diesel prices are adding cost and uncertainty to heavy transport and operators are calling for help to change the industry's direction.
Iran targets Israel and calls Trump talks ‘fake news’
Iran has fired more missiles at Israel and trashed President Donald Trump's claim the US is in talks to end the war, saying he's just manipulating the markets.
Iran hits Kuwaiti oil refinery, blasts boom over Tehran
Israel and Iran have launched fresh attacks on each other, a day after Tehran struck an Israeli oil refinery.
Trump puts off threat to bomb Iran power stations
US President Donald Trump has extended his deadline for Iran to reopen the Strait of Hormuz, delaying power plant strikes after "productive" talks with Tehran.
Tankers ‘starting to dribble through’ strait, US says
White House economic adviser Kevin Hassett says oil tankers are starting to cross the Strait of Hormuz and the Iran war will likely end within weeks.
Iran hits back at Gulf refineries after Israeli strike
The latest escalation in the Iran war heightens the disruption of global energy supplies that has raised the political stakes for US President Donald Trump.
‘Over-prepared’: PM’s pledge on growing fuel crisis
Australia will have a single point of contact co-ordinating fuel supplies and issues that might arise due to the Iran war, with further measures expected.
Tankers burn as Iranian strikes defy Trump’s ‘victory’
Massive fireballs have lit up the sky over the Gulf as Iranian attacks on oil tankers flout President Donald Trump's claim the US has won its war with Tehran.
Fuel supply boosted as oil price threatens record highs
The government has temporarily lowered Australia's fuel quality standards to boost supplies as the war in the Middle East disrupts global markets.
World faces largest-ever oil disruption on Mideast war
A global energy watchdog has released a record emergency release of crude as it warns the US-Israeli war on Iran is causing the biggest oil shock in history.
Explosions in Tehran as Israel launches wave of strikes
Intense air strikes have landed around Iran's capital after
Deadly Russian strike on Kyiv with peace talks stalled
Russia has struck Ukraine with missiles and drones, killing at least four people, as peace talks between Moscow and Kyiv remain postponed.
Trump threatens to cripple crucial Iranian oil hub
US forces have "obliterated" military targets on an island vital to Iran's oil network, Donald Trump says, as he issues an ultimatum over the Strait of Hormuz.
Trump threatens to cripple crucial Iranian oil hub
US forces have "obliterated" military targets on an island vital to Iran's oil network, Donald Trump says, as he issues an ultimatum over the Strait of Hormuz.
Iran fires at bases and ships despite intense strikes
Explosions have rung out across the Mideast as Iran launched strikes and shook energy supplies, even after the US and Israel's most fierce attacks of the war.
Iran firm on oil blockade as Trump threatens strikes
President Donald Trump warns that US attacks could rise sharply if Iran blocks tanker traffic, while Tehran vows that no oil will move if attacks continue.
Net zero could put Woodside in the red in five years
Australia's biggest oil and gas producer has posted record output, but a global supply glut and the energy transition could hinder future profits.
Hungary threatens to derail EU’s new Russia sanctions
Hungary is blocking the EU's latest sanctions plan against Russia, and it's also holding up new aid for Ukraine four years after Russia invaded.
Domestic producer worried about gas reservation policy
Australian oil and gas exploration and production company Beach Energy is concerned about the impact of a looming east coast gas reservation policy.
US-Venezuela oil deal angers China, pushes prices down
President Donald Trump's plan to divert Venezuelan crude to the US has hit oil prices, while China denounces US "bullying" over the deal.
US seizes oil tanker off Venezuela coast, video posted
US President Donald Trump has announced the seizure of a "very large" oil tanker off the coast of Venezuela amid mounting tensions.
Embattled steelworks should become a green iron beacon
Australia should take advantage of its natural resources to lead the world in the green metals race, a report has found, with one facility an obvious choice.
More gas projects, less green tape call at energy event
Gas giants have called on the Australian government to approve projects faster and let them explore more mining opportunities.
Saudi crown prince meets Trump at start of Mideast tour
US President Donald Trump has met Saudi Arabia's de facto ruler as he opens his tour of the Gulf, where he's expected to hold talks and announce deals.
Call for states to fire up new gas to avoid shortfall
Federal Labor has been urged to reverse "anti-gas policies" with structural shortfalls forecast from 2027 and Australians still under the pump on energy bills.
Call for super funds to pump gas giants for change
An analysis of the way some of the biggest superannuation funds vote at shareholder meetings suggests they're backing down over the expansion of oil and gas.
Santos drilling for gas demand well into the future
Oil giant Santos is juggling capital-intensive projects, including the hotly contested Narrabri field in NSW, as rising costs and lower LNG prices hit profits.