Industry News

Latest from Australia's industrial and energy sectors

Oilprice.com • 17 Sep 2026
Soaring LNG Prices Push Asian Demand Toward Second Annual Decline

Demand for liquefied natural gas in Asia is set to decline this year by between 3% and 10% on higher prices, according to analysts cited …

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Oilprice.com • 17 Sep 2026
Oil Prices Slide as Saudi Arabia Reroutes Crude via Oman

Crude oil prices, which dipped yesterday, extended their losses earlier today following reports that Saudi Arabia will be exporting more oil through Oman while the …

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Oilprice.com • 17 Sep 2026
StanChart Sees Higher Oil Floor as Hormuz Crisis Spreads to Saudi Export Routes

Oil prices pulled back but remained elevated ahead of a critical Fed decision on Wednesday, with market expectations shifting towards a prolonged US-Iran conflict. Brent …

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Oilprice.com • 16 Sep 2026
Tanker Rates Smash $1 Million a Day as Oil Shipping Crisis Deepens

The daily rate for commissioning a tanker topped $1 million for the first time in history amid a tightening supply of vessels to carry crude …

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Oilprice.com • 16 Sep 2026
Oil Above $100 Pushes U.S. Fuel Prices to New Records

Oil markets appear to have reached the inflection point that many analysts had predicted weeks ago as the Middle East conflict re-escalated with no diplomatic …

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Oilprice.com • 16 Sep 2026
Inside Putin’s $135 Billion Arctic Gamble That Could Save His Ukraine War

Back in early February 2022, Vladimir Putin had his first in-person meeting with his Chinese counterpart Xi Jinping for nearly two years, at the opening …

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Oilprice.com • 16 Sep 2026
Shale Oil Now Makes Up 72% of Argentina's Crude Output, Data Shows

Argentina's controversial right-wing president, Javier Milei, slashed inflation with a brutal dose of economic austerity, but this came at a steep social cost. The cost …

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Oilprice.com • 16 Sep 2026
AI Data Centers Are Driving Southeast Asia's LNG Demand Through the Roof

The artificial intelligence boom is sending Southeast Asia’s natural gas demand projections through the roof – but prolonged price hikes triggered by the war in …

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Oilprice.com • 16 Sep 2026
Saudi Oil Crisis Is About to Hit Europe

Saudi Arabia’s oil supply crisis is rapidly becoming Europe’s problem. The September 10 attacks on Saudi Arabia’s East-West Pipeline struck the system at multiple locations …

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Oilprice.com • 16 Sep 2026
Continental Strikes Venezuela Oil Deal with PDVSA

Continental Resources signed a memorandum of understanding with Venezuela's state oil company PDVSA on Wednesday to operate and develop the Ayacucho 2 Block in the …

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Oilprice.com • 16 Sep 2026
Export Constraints Curb Kazakhstan’s Ability to Offset the Global Oil Shortage

Kazakhstan, which has major oil reserves, is not in a position to help offset a looming energy crisis by expanding production, industry analysts say. With …

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Oilprice.com • 16 Sep 2026
Leaked EU Draft Would Scrap Hydrogen Mandates for EU-Wide Target

A leaked European Commission impact assessment working document for the upcoming Renewable Energy Directive, RED IV, signals a potentially significant shift in renewable fuels policy …

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