Albanese issues new world warning amid economic chaos
PM’S GLOBAL WARNING AMID GROWING FUEL CONCERNS As US President Donald Trump continues to say there have been…
International Energy Agency says second round of emergency fuel releases is on table
World leaders have failed to grasp the depth of the energy crisis created by the Iran war, the…
Global economy under ‘major threat’ from Strait of Hormuz crisis: IEA chief
SYDNEY: The global economy is under “major threat” from the energy crisis caused by the Middle East war,…
Australia faces a fuel crisis of its own making
Within hours of its entry into World War I, the British government had taken control of the nation’s…
Markets are complacent as Iran war threatens global economy
Markets are more worried about the war in Iran than they were a couple of weeks ago when…
Iran war sees oil price surge and makes interest rate hike likely
The Reserve Bank’s Monetary Policy Board will meet this morning with the price of Brent crude oil above…
Deeper oil crisis could add full percentage point to inflation, Treasury warns
The reverberations of the Middle East war could be felt in Australian inflation figures, according to new advice…
Diesel sells for as high as $2.59 per litre in SA
The average price of diesel in South Australia has hit record levels as state and federal governments scramble…
Record 400 million barrels of oil to be released from reserves to stall price hike
Dozens of countries have agreed to the largest release of emergency oil stocks in history, amid fresh attacks…
Barclays Warns Grid Constraints Could Strand Renewables Assets
Investors may be underestimating the risk that renewables could become stranded assets, as grid constraints and congestion and…
‘[It] will dominate the future’
Within the next few years, renewable energy sources are expected to surpass coal, oil, and gas on a…
Has Trump landed a dud with his Venezuelan oil play?
There’s been uproar and condemnation aplenty over America’s sudden assault on the once enshrined concept of national sovereignty,…