Industry News

Latest from Australia's industrial and energy sectors

Oilprice.com • 02 Oct 2026
U.S. Exit Leaves Iraq With a Militia Problem

Politics, Geopolitics & Conflict U.S. troops have withdrawn from Iraq, but this isn’t Biden’s Iraq. The withdrawal was agreed in 2024 when Biden determined that …

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Oilprice.com • 02 Oct 2026
The Kremlin Consolidates Power as Russia’s Economic Pain Mounts

Russia came out of its parliamentary election with Putin stronger on paper and the country considerably harder to read. United Russia now controls 349 of …

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Oilprice.com • 02 Oct 2026
U.S. Deploys Patriots to Shield Saudi Oil and Qatari Gas Facilities

The U.S. last month sent two additional Patriot missile batteries to protect energy infrastructure in Saudi Arabia and Qatar from Iranian strikes in case the …

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Oilprice.com • 02 Oct 2026
Europe's Soaring Gas Bill Is Sending Utilities Back to Coal

Europe’s energy crisis isn’t over. Gas prices remain punishingly high across the continent as Europeans stare down the barrel of a long winter. In response …

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Oilprice.com • 02 Oct 2026
Japan’s JERA Creates Oil Storage Firm to Manage National Reserve Sites

Japanese energy firm JERA is creating an oil storage company which will exclusively manage the operation of the national petroleum stockpiling bases that JERA currently …

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Oilprice.com • 02 Oct 2026
Alaska LNG Hinges on How Much Asian Buyers Will Pay for Energy Security

The Trump Administration’s pet project Alaska LNG may not be commercially investable as costs per production could be more than double the costs at most …

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Oilprice.com • 02 Oct 2026
WTI Sinks Nearly 4% as EU Weighs Emergency Stockpile Release

Oil prices fell sharply on Friday as Europe moved closer to another emergency stock release under pressure from the Trump administration, with WTI dropping nearly …

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Oilprice.com • 02 Oct 2026
JERA CEO Warns LNG Prices Have Further to Climb

The biggest Japanese LNG importer and largest power producer, JERA, does not expect the shipping hurdles for Qatari supply at the Strait of Hormuz to …

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Oilprice.com • 02 Oct 2026
UN Says Global Fuel Subsidies Could Top $1 Trillion

Fuel subsidies amid the oil price shock could exceed $1 trillion this year, the United Nations said, warning that many governments are running out of …

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Oilprice.com • 02 Oct 2026
U.S. Diesel Export Ban Would Hit Latin America Hardest: Goldman

A potential ban on exports of diesel fuel from the United States would affect Latin America the most, Goldman Sachs has said, despite reports that …

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Oilprice.com • 02 Oct 2026
ConocoPhillips Signs 20-Year LNG Deal With Venture Global

ConocoPhillips and Venture Global have signed a deal that would see the liquefied natural gas major supply 1 million tons to Conoco beginning in 2030. …

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Oilprice.com • 02 Oct 2026
Brent Holds Above $102 as Gulf Export Rebound Offsets U.S. Military Moves

Crude oil prices are set for a modest weekly decline today, as reports of a strong rebound in oil flows out of the Persian Gulf …

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