A physical supply shortfall could send oil prices spiralling higher.
Tom Richardson
Gas producers and the federal opposition are warning a windfall profit tax risks investment and energy security, while the government is coy on levy reform.
Poppy Johnston
Fortescue is calling on fellow big miners to help plug a $2.5 billion fuel excise hole in the Federal Government’s Budget by capping the amount they can claim in diesel subsidies.
Simone Grogan
Woodside Energy’s giant Karratha gas export plant is back online after destruction from cyclone Narelle forced a huge outage.
Matt Mckenzie
Two of Australia's biggest banks have recorded noticeable rises in the value of fuel transactions, with one also seeing evidence of potential stockpiling.
Kaaren Morrissey
Vessel services operator Bhagwan Marine has tied the knot on an acquisition of privately-owned Riverside Marine - in a deal potentially worth up to $130m.
American petroleum giant Chevron has given more detail on the damage to Wheatstone LNG plant from Cyclone Narelle.
AGL has pressed go on a major investment into WA’s energy grid with a $490 million expansion of the Kwinana Swift gas power station.
Meg O’Neill doesn’t officially take the helm of BP as chief executive until Wednesday but she was among a group of British corporate and military leaders hosted by Sir Keir Starmer on Monday.
Sean Smith
The S&P-ASX200 index was trading as much as 0.6 per cent lower before changing course on Mr Trump’s reported comments that he could stop bombing Iran even if the Strait of Hormuz is not fully reopened.
The global fuel crisis could be a turning point for electric vehicle sales in Australia, with one subscription service reporting record adoption.
Jennifer Dudley-Nicholson
WA can ride through a major disruption to gas supply wrought by Cyclone Narelle, the energy market operator says.
WA iron ore mines supporting about 1000 jobs face catastrophic fuel shortages in as little as 10 days. One company boss said his team is hitting the phones every 10 minutes to secure supply.
Adrian Rauso
Anthony Albanese’s own favourite artists have joined a campaign demanding he tax gas exports amid record energy profits.
Abisha Sapkota
Economists have warned the saving from fuel excise will be wiped out within one to three weeks, if there’s no end in sight to the stand-off in the Strait of Hormuz.
Jessica Page and Kirsty Lichtenstein
Woodside says carbon capture and storage remains on the table for the giant Browse project despite withdrawing an application for Federal environmental approval.
Manufacturer Alcoa has been forced to cut WA production as the State grapples with a gas shortage in the aftermath of Cyclone Narelle.
Australia’s resources giants are making moves to shore up the nation’s economic engine by calling for the reintroduction of COVID-era waivers to share information as the war in the Gulf rages.
Caitlyn Rintoul
Donald Trump appears to have relaxed a de facto US oil blockade on Cuba as a Russian tanker full of crude oil enters the Caribbean island's waters.
DARLENE SUPERVILLE
Cyclone Narelle forced out of action plants supplying about half of WA’s gas, raising the threat that a prolonged shutdown would result in cutbacks for industrial customers.
Project operator Woodside says the Karratha gas plant has been forced offline, potentially adding to the growing impact on tightening LNG supplies.
A bulk carrier on its way to Western Australia made a stunning escape from Iran’s blockade on the Strait of Hormuz by claiming it was Chinese-owned.
Jessica Evensen
With gales and rain hammering the North West late on Thursday, Chevron said Wheatstone is offline and one of Gorgon’s LNG trains is out of action.
Asian nations Australia relies on for refined fuels have started to implement emergency measures to protect their own domestic needs in response to the global energy crisis.
