Industry News

Latest from Australia's industrial and energy sectors

Oilprice.com • 01 Sep 2026
Solar Power Is Booming in Emerging Markets

Solar energy is going gangbusters. The world is adding photovoltaic solar panels at a blistering rate, shattering its own records year after year, buoyed by …

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Oilprice.com • 01 Sep 2026
U.S. Crude Inventories Drop amid Continued SPR Draws

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 2.6 million barrels in the week ending August 28. In …

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Oilprice.com • 01 Sep 2026
U.S. Shale Producers Lose Bid to Kill Oil Price-Fixing Case

A federal judge has allowed antitrust lawsuits accusing some of the biggest U.S. shale producers of coordinating production cuts to keep oil and fuel prices …

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Oilprice.com • 01 Sep 2026
U.S. Lithium Miners Finally Have a Shot at Cashing In

After years of volatile markets, lithium prices are soaring, and everyone wants a piece. As the battery storage sector goes gangbusters on a global scale, …

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Oilprice.com • 01 Sep 2026
Bessent Says Strait of Hormuz Obsolete Within Two Years

Treasury Secretary Scott Bessent says Gulf oil producers could bypass the Strait of Hormuz within two years, putting a remarkably short timetable on a pipeline …

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Oilprice.com • 01 Sep 2026
Gary’s Two-Week Blackout Is a Warning for America

After two weeks of darkness, power has been restored to all the citizens of Gary, Indiana, an old, low income, lakefront, industrial city within sight …

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Oilprice.com • 01 Sep 2026
Ukraine Diplomacy Heats Up and Russian Minister Returns to G20

Ukrainian President Volodymyr Zelenskyy said he was briefed by US President Donald Trump’s special envoys following their latest trip to Moscow and said the two …

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Oilprice.com • 01 Sep 2026
Tanzania’s Mining Model Is Starting to Pay Off

In 1967, a Maasai herder called Jumanne Mhero Ngoma stumbled across a clump of unusual violet crystals in the Mereli Hills near the Tanzanian city …

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Oilprice.com • 01 Sep 2026
Food Inflation Jumps as Higher Energy Costs Hit UK Retailers

Shop price inflation has hit a two-year high and is set to climb through the autumn as a surge in energy and commodity costs filters …

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Oilprice.com • 01 Sep 2026
Asia Spot LNG Prices Hit 5-Month High as Hormuz Blockage Drags On

Spot LNG prices in Asia jumped on Tuesday to the highest level since the 2026 winter, as buyers compete for spot cargoes amid the still-stalled …

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Oilprice.com • 01 Sep 2026
U.S.-Iran Strikes Put $100 Oil Back in Focus

U.S.-Iran strikes reignite fears of a prolonged Middle East conflict as Hormuz tensions push regional oil benchmarks above $100. Rising Bond Yields Turn Oil’s Rally …

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Oilprice.com • 01 Sep 2026
U.S. Energy Storage Capacity Installations Hit Record High in Q2

The U.S. installed a record-high energy storage capacity in the second quarter of the year as grid operators and utilities turned to storage to boost …

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