Western Australia's long-standing domestic gas policy is facing fresh scrutiny as the proposed National Domestic Gas Reservation Scheme moves through consultation. The national framework would require gas producers to supply a share of their output to local markets, backed by an annual compliance regime and independent monitoring of deliveries. Under…

The Queensland government has awarded petroleum and gas tenders for five key exploration areas across the Cooper-Eromanga Basin and Taroom Trough, aiming to increase domestic oil and gas supplies and put downward pressure on local energy prices. The new land release program marks a major push by the state government…

The seven core members of the OPEC+ producer alliance have agreed to maintain their September oil production targets for November, keeping supply constraints unchanged amid lingering global economic uncertainties and ongoing Middle East disruptions. The decision was finalised by the seven core participating nations: Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan,…

Calls to prioritise domestic energy consumers over offshore natural gas exports are growing following new research revealing major Asian buyers are making billions by reselling cheap Australian LNG overseas. Analysis by the Institute for Energy Economics and Financial Analysis (IEEFA) shows that China resold an estimated 17 to 19 million…

Victoria is implementing new energy rules designed to keep households connected and ensure they secure better electricity and gas rates. Under the reformed framework, the minimum debt threshold before an energy retailer can disconnect a customer for non-payment has officially more than tripled, jumping from AU$300 to AU$1,000. Beyond shielding…

The Queensland government has warned that the proposed Domestic Gas Reservation Scheme contains serious flaws that could stifle future investment, compromise regional jobs, and undermine long-term energy security. In its submission regarding the federal government’s draft Domestic Gas Reservation Bill 2026, the Queensland government cautioned against an overreliance on reallocating…

Industry body Australian Energy Producers has urged the federal government to overhaul its proposed domestic gas reservation scheme, warning that key elements of the draft legislation risk dampening future investment, suppressing competition, and undermining long-term energy security. In a submission responding to the exposure draft legislation, the organisation reaffirmed its…

Oil prices rose for a second consecutive session on Tuesday 29 September, as ongoing worries about possible supply disruptions in the Middle East, tied to the US-Israeli conflict with Iran, continued to outweigh signs of improving crude exports from the region. By 08:44 GMT, Brent crude futures for November delivery…