Latest from Australia's industrial and energy sectors
Capacity for ship-to-ship transfers of crude oil off the coast of Oman has reached its limits after Saudi Arabia diverted its flows from the port …
Read Full ArticleCrude oil prices dipped from Thursday's close earlier today but Brent crude was on track for a weekly gain on continued concern about the security …
Read Full ArticleFor the first time since the Iran war began, JPMorgan says it no longer has a clear baseline for how the oil market gets out …
Read Full ArticleOil is increasingly getting more expensive before it even reaches a refinery. Freight now accounts for roughly a fifth of the cost of a crude …
Read Full ArticleAs the national average diesel price soared to a record $6.52 per gallon, the Trump Administration sent mixed signals this week about restricting U.S. diesel …
Read Full ArticleThe energy crisis caused by the United States and Israel’s war in Iran could be just what the world needed to achieve 35 percent electrification …
Read Full ArticleGlobal biofuels production is projected to surge by nearly 70% by 2030 as major producing countries raise their fuel-blending mandates in response to the energy …
Read Full ArticleFor the first time in nearly four decades, Italy is considering nuclear power as part of its energy calculus. The Italian Senate on Wednesday gave …
Read Full ArticleSaudi Arabia’s workaround for the Strait of Hormuz now carries a war-risk insurance bill nearly as expensive as sending tankers through Hormuz itself. Quoted premiums …
Read Full ArticleSome claims making the rounds on social media start with an observation that is basically correct: crude oil was more expensive after Russia invaded Ukraine …
Read Full ArticleVitol has bought at least 25 million barrels of Iraqi crude for September loading, making the world’s largest independent oil trader Iraq’s second-biggest buyer behind …
Read Full ArticleIt was just this month that saw the Iran conflict spill over into a renewed fight between the Saudi coalition and Yemen's Houthi rebels. Now …
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