Industry News

Latest from Australia's industrial and energy sectors

Oilprice.com • 24 Aug 2026
Hormuz Tanker Traffic Slumps as U.S. and Iran Trade Threats

Tanker traffic via the Strait of Hormuz remained weak over the weekend, with fewer than 20 vessels traversing the chokepoint as Iran and the United …

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Oilprice.com • 24 Aug 2026
Oil Prices Slide 2% as Markets Brace for Bessent’s ‘Economic D-Day’

Oil prices fell by more than 2% in early Asian trade on Monday as traders took profits and markets awaited details of a new U.S. …

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Oilprice.com • 23 Aug 2026
Diesel Crisis Threatens to Outlast the Middle East War

The outlook for the Middle East war remains grim, the U.S. just threatened Iran with the “toughest sanctions in history,” and the world is running …

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Oilprice.com • 23 Aug 2026
Pemex and Petrobras Bet Big on High-Risk High-Reward Drilling Off Mexico

Mexico’s state oil firm Pemex and Brazil’s national oil company Petrobras are joining efforts and expertise to drill prospects in Mexican waters in the Gulf …

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Oilprice.com • 23 Aug 2026
Super El Niño Threatens Food, Water and Trade Worldwide

The world is set to experience an extremely intense El Niño weather event this year, with warmer-than-normal sea surface temperatures in the tropical Pacific. This …

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Oilprice.com • 23 Aug 2026
Private Equity Is Circling Utilities as AI Reshapes the Grid

While it seems that Democrats and Republicans can’t agree on much of anything these days, there’s at least one common enemy that’s bringing both sides …

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Oilprice.com • 23 Aug 2026
Underwater Volcanoes Are Geothermal Energy’s Next Frontier

A Seattle startup is seeking to revolutionize geothermal energy by tapping into undersea volcanoes. In September, a 100-kilowatt geothermal generator will be deployed to the …

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Oilprice.com • 22 Aug 2026
Europe Dodges a Rhine Crisis for the Worst Possible Reason

The Rhine has slightly risen from its mid-August record low (when Kaub’s water level gauge – at the river’s decisive chokepoint – was below 10 …

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Oilprice.com • 22 Aug 2026
The Gas Turbine Shortage Just Became AI’s Biggest Constraint

Order a heavy-duty gas turbine from GE Vernova today and it won’t arrive until 2031. That’s the company’s actual production schedule, confirmed on its July …

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Oilprice.com • 22 Aug 2026
Clean Energy Spending Tracking Toward Record $180 Billion in 2026

Donald Trump is accidentally overseeing a massive buildout of the country’s renewable energy capacity and infrastructure. Not only are investments in renewable technologies soaring to …

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Oilprice.com • 22 Aug 2026
Every Chokepoint That Isn't Hormuz

For six months the entire conversation about oil logistics has been about one strait, and you can hardly blame anyone for that. Hormuz has been …

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Oilprice.com • 22 Aug 2026
IEA: Southeast Asia Needs Grid Investment to Nearly Quadruple by 2050

Southeast Asia needs to invest heavily in upgrading and modernising its transmission networks if countries across the region hope to deploy larger quantities of renewable …

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