Industry News

Latest from Australia's industrial and energy sectors

Oilprice.com • 04 Sep 2026
ADNOC Keeps Loading LNG as Hormuz Risks Intensify

Emirati ADNOC is still loading liquefied natural gas in the Persian Gulf despite the latest exchange of strikes between the United States and Iran, Bloomberg …

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Oilprice.com • 04 Sep 2026
Brent Nears $96 as Iran Conflict Keeps Oil Market on Edge

Crude oil prices extended their climb today and are set for a sharp weekly gain as the war in the Middle East continues with little …

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Oilprice.com • 04 Sep 2026
U.S.-Venezuela Oil Deal Threatens China’s Oil-Backed Loans

For decades, Venezuela has been one of China’s most important partners in Latin America and the largest recipient of Chinese government funds in Latin America, …

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Oilprice.com • 03 Sep 2026
Why Oil Majors Don’t Want to Build New U.S. Refineries

U.S. President Donald Trump told oil producers and refiners that he wants lower gasoline prices, immediately, at a meeting at the White House this week. …

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Oilprice.com • 03 Sep 2026
AI Data Center Boom Pushes U.S. Power Equipment to the Breaking Point

Big Tech is betting trillions of dollars on artificial intelligence, with a lot of that to be spent on building the data centers that would …

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Oilprice.com • 03 Sep 2026
Baltic Dry Index Breaks Out as a “Perfect Storm” Hits Shipping

The daily benchmark measuring the cost of shipping raw materials across major global maritime routes is breaking out to a nearly three-year high this week, …

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Oilprice.com • 03 Sep 2026
Electric Trucks Have Moved From Impossible to Inevitable

Heavy trucks were supposed to be the place where batteries stopped working. Electric cars could manage school runs and commuting, critics conceded. But long-distance freight …

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Oilprice.com • 03 Sep 2026
A Subdued Asian Summit Sharpens the Contrast Between Xi and Trump

It was a relatively subdued Shanghai Cooperation Organization summit for Chinese leader Xi Jinping. He departed the host city Bishkek having made few attention-grabbing headlines. …

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Oilprice.com • 03 Sep 2026
High Oil Prices Speed Up China’s Shift Away From Crude

China’s oil consumption fell 9% year over year in the second quarter as expensive crude accelerated the use of electric cars, trucks, rail and industrial …

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Oilprice.com • 03 Sep 2026
Brazil Hands Government Control Over Mining Deals

Brazil's Congress passed a bill Wednesday letting the government block foreign takeovers of mining companies and scrutinize who gets access to the country's mineral reserves…the …

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Oilprice.com • 03 Sep 2026
Machado Backs U.S. Oil Partnership but Questions Venezuela Deal

Venezuelan opposition leader María Corina Machado is backing a long-term U.S. role in developing the country’s oil reserves, even as she questions who has the …

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Oilprice.com • 03 Sep 2026
UK Borrowing Costs Surge as Oil Shock Rattles Global Markets

The global rise in borrowing costs is a “particular concern,” the International Monetary Fund has said, as UK bond yields reach a level last seen …

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