This Month
OPEC+ delays oil output hike until April, extends cuts into 2026
The cartel’s earlier plan to start unwinding cuts from October this year has been thwarted by a slowdown in global demand and rising output outside the group.
- Alex Lawler, Olesya Astakhova and Maha El Dahan
November
As Ukraine crisis worsens, big oil and gas see rising share prices
Two major oil benchmarks rose 6 per cent last week, and are expected to continue climbing amid fears the conflict with Russia will intensify.
- Cecile Lefort
- Opinion
- Chanticleer
Santos swears it will end the boom and bust years
It’s one thing to preach discipline, it’s another to practice it.
- Anthony Macdonald
Trump’s new energy secretary linked to Beetaloo Basin gas project
Chris Wright’s Liberty Energy is behind the fracking fleet used for extraction from developing fields in the Northern Territory.
- Updated
- Matthew Cranston
Petro Australis Energy books non-deal roadshow for 2025 IPO
Petro Australis’s IPO preps come after the company raised $24 million by selling 25 per cent at an $84 million post-money valuation in June.
- Sarah Thompson, Kanika Sood and Emma Rapaport
October
- Updated
- Sydney
Beach bans may last to the weekend in tar ball mystery
Thousands of tennis ball-sized black globules have washed up on some of the city’s most popular beaches, and authorities are worried about a risk to public health.
- Updated
- Maxim Shanahan
‘Material miss’: Ampol refining profits smashed
The petrol and diesel retailer has warned of a $100 million profit hit due to a plunge in refining margins and operational disruptions at its Brisbane plant.
- Angela Macdonald-Smith
Oil surges to $US80 a barrel as conflict sparks supply fears
Traders are concerned about a strike on energy infrastructure in the Middle East that could hinder oil supplies after Iran’s missile attack on Israel last week.
- Matthew Cranston
ASX buffered by oil price bounce as Middle East conflict widens
The ASX 200 is headed for a 0.3 per cent rise on Monday, but heightened tensions from Israel’s strikes on targets in Lebanon could keep investors on edge.
- Cecile Lefort
China buys nearly all of Iran’s oil exports
The roughly $2.9 billion of sales a month to China bankroll the Iranian government and provide the cash that it needs to pay for its own imports.
- Keith Bradsher
- Updated
- Petrol prices
Petrol price spike threat as Israel ponders hit on Iranian oil fields
The rising threat of a regional war in the Middle East also scuppered the ASX’s three-week winning streak, which had sent the local bourse to record highs.
- Updated
- Alex Gluyas and Matthew Cranston
Middle East escalation rocks bullish markets
Investors have been dealt a swift reality check as tensions between Iran and Israel threaten to bubble over after missile attacks.
- Alex Gluyas
September
Oil falls on report OPEC+ will boost supply in December
Saudi Arabia is committed to dropping its unofficial $US100 a barrel price target to win back market share, the Financial Times also reported.
- Maha El Dahan, Olesya Astakhova and Alex Lawler
Is Woodside going American? Probably a good idea, investors say
Australia’s hostile business environment for oil and gas means Woodside’s shift of emphasis to North America, where it has done a string of deals, is a good idea, they say.
- Angela Macdonald-Smith
Brent oil tumbles below $US70 as oversupply fears deepen rout
The global benchmark briefly shed more than 4 per cent in New York, with US crude plunging more than 4.5 per cent.
- Antonia Mufarech and Alex Longley
Relief for motorists as oil price slides to its lowest point this year
But the decline has wreaked havoc on the ASX energy sector – already one of the worst-performing of the year to date – with Santos and Woodside both down.
- Joshua Peach
August
- Updated
- Earnings season
Woodside investor relief as payouts to remain ‘strong’
Analysts are expected to lift Woodside’s forecast yield after it clung to an 80 per cent payout ratio for shareholder returns.
- Updated
- Angela Macdonald-Smith
New Zealand to push through law to reverse ban on oil and gas exploration
The law would end the ban, in place since 2018, on exploration as the right-of-centre government plans to lure investment to the country’s oil and gas sector.
- Renju Jose
Santos juggles growth against returns eyeing Narrabri
Any investment decisions on new growth projects will have to be weighed up against returning capital to shareholders, CEO Kevin Gallagher said.
- Updated
- Angela Macdonald-Smith
Beach Energy shares plummet as Enterprise gas field reserves slashed
The downgrade of the size of the gas field on Victoria’s coast has shaken the market, with analysts worried about other new projects.
- Angela Macdonald-Smith
