Today
Oil advances as traders weigh Mideast supply after Biden’s trip
West Texas Intermediate neared $US99 a barrel after dropping almost 7 per cent last week as investors fretted that a global slowdown may hurt demand.
- 1 hr ago
- Bloomberg News
This Month
Energy costs threaten emissions targets, emerging nations warn
With inflation rising globally amid the Russia-Ukraine conflict, some countries have reverted to coal and other fossil fuel-based power or delayed their energy transition plans.
- Andrea Shalal
Biden faces ‘mission impossible’ in plan to tame oil prices
Oil executives and market analysts say both parts of the plan are fraught with difficulty and could backfire by goading Russia into cutting its energy exports.
- Derek Brower and David Sheppard
Albanese to promise ‘new era’ on clean energy supply
Indo-Pacific leaders should use soaring investments in renewables to diversify and secure critical supply chains, Prime Minister Anthony Albanese says.
- Tom McIlroy
Energy adds to builders’ woes as costs rise the fastest in 20 years
Construction cost inflation is spreading beyond materials more widely and one key input - energy - now has the industry even more worried.
- Michael Bleby
- Exclusive
- Locality Planning Energy Holdings
Energy retailers investigated for $100m hedges
Two small sellers urged customers to leave and then quietly sold their hedging positions for up to $100 million.
- Colin Packham
Xpansiv explains Blackstone’s US$400m entry to investors
Blackstone’s written a six-year loan, convertible into Xpansiv shares at a $US1.4 billion post-money valuation.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
‘We either pass energy costs on to customers or shut down’
Soaring power bills have left companies with the difficult decision to raise their prices or close operations.
- Mark Ludlow and Jacob Greber
- Opinion
- Opinion
Nasty energy bill shock awaits companies that thought they had escaped
The politicians and the regulators accused generators of gaming the system last month but all consumers will end up paying generators the compensation for being forced to operate at a loss.
- Jennifer Hewett
- Exclusive
- Carbon challenge
Energy retailers face new oversight amid wholesale crunch
Energy retailers will have to reveal commercially sensitive financial information and provide weekly information about customers amid concern more retailers may collapse.
- Colin Packham
Europe breathes a sigh of relief as Norway quells gas strike
Threats of industrial action over wage demands could have shut off half of Norway’s exports – and were enough to drive prices higher and the euro lower.
- Updated
- Hans van Leeuwen
US oil plummets, settles below $US100 a barrel
Brent crude futures fell more than 9 per cent as recession risks cloud the outlook for demand.
- Julia Fanzeres
Germany draws up law to take stakes in struggling gas importers
The law, which could be passed by parliament as early as this week, would clear a path for the government to bail out Uniper, the largest importer of Russian gas into Germany.
- Guy Chazan
Germany faces deepening energy crisis as Russia shuts off gas
Berlin has warned that Moscow could use this month’s regular maintenance to the Nord Stream I pipeline linking the nation to Russia’s vast gas reserves to ‘blockade’ all deliveries to Germany.
- Andrew McCathie
- Opinion
- Opinion
How Australia can be a clean energy industrial success
European countries have de-industrialised to cut emissions. Our competitive advantage means we can follow a different path in a net zero global economy.
- Tony Wood
Victoria unveils gas phase-out plan
Victoria will end incentives for residential products by the end of next year as it encourages residents to embrace sustainable alternatives amid the crisis.
- Mibenge Nsenduluka
June
- Opinion
- Opinion
The cost of building a renewable future
How do we pay for a power system that no longer uses coal-fired power? The short answer is that consumers’ bills are only headed in one direction.
- Jennifer Hewett
Japan braces for power crunch amid heatwave
Less than two weeks ahead of an election for the upper house of parliament, surging electrical prices are making life tougher for Japanese customers.
- Yuka Obayashi and Elaine Lies
- Opinion
- Opinion
Let the market rule the energy capacity mechanism
Including coal and gas is politically tricky, but logically and economically easy. If fossil fuels can’t compete with other energy sources to provide electrons on demand, they won’t be used.
- Richard Holden
Energy crunch starkly illustrates Origin’s ‘tale of two businesses’
Origin is raking in cash at its Australia Pacific LNG export venture, but its utilities business is a drag amid the ongoing power crisis.
- Elouise Fowler
