Energy - Australia

Weak spot LNG prices don’t help Asia much, but boost Europe: Russell

Weak spot LNG prices don’t help Asia much, but boost Europe: Russell

LAUNCESTON, Australia: The price of spot cargoes of liquefied natural gas (LNG) has ticked up recently in Asia amid tentative signs of some peak summer...

Australian shares set to plunge amid global slump, NZ falls

Australian shares set to plunge amid global slump, NZ falls

Australian shares are set to open sharply lower on Thursday, following steep falls in global equity markets, as growing fears of a looming recession in...

Australia to consider reserving some gas for home market

Australia to consider reserving some gas for home market

MELBOURNE: Australia, the world's top liquefied natural gas exporter, on Tuesday said it would consider forcing gas producers to reserve some supply for the domestic...

Australia shares set to open lower, tracking US stocks; NZ inches up

Australia shares set to open lower, tracking US stocks; NZ inches up

Australian shares are poised to open lower on Wednesday, tracking losses on Wall Street after US President Donald Trump warned Beijing against waiting out his...

Crude futures pricing in Hormuz tensions, physical oil not so much: Russell

Crude futures pricing in Hormuz tensions, physical oil not so much: Russell

AUSTRALIA: Crude oil markets have to grapple with how to price the risk of an escalation in the conflict threatening shipments through the Strait of...

China buys more LNG, but can’t offset the rest of Asia’s losses: Russell

China buys more LNG, but can’t offset the rest of Asia’s losses: Russell

AUSTRALIA: Notwithstanding the achievement in shipping the first liquefied natural gas (LNG) cargo from the world's largest vessel, Prelude owner Royal Dutch Shell probably wishes...

ExxonMobil backs LNG imports to world’s biggest exporter

ExxonMobil backs LNG imports to world’s biggest exporter

BRISBANE: Imports of liquefied natural gas (LNG) to Australia - the world's biggest LNG exporter - now appear "highly realistic" as the country struggles to...

Oil extends gains into fourth straight day on Middle East tensions

Oil extends gains into fourth straight day on Middle East tensions

SYDNEY: Oil prices edged higher on Friday, extending gains into a fourth session as rising tensions in the Middle East stoked fears of potential supply...

Oil prices extend losses despite surprise drop in US inventories

Oil prices extend losses despite surprise drop in US inventories

SYDNEY: Oil prices edged down on Thursday despite a surprise decline in US inventories, with international benchmark Brent retreating from a five-month high touched in...

China keeps buying crude oil for storage, but difficulties loom

China keeps buying crude oil for storage, but difficulties loom

LAUNCESTON, AUSTRALIA: China appears to have kept the flow of crude into strategic and commercial storage facilities at high levels in the first quarter, even...

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