Oil prices climbed sharply on Monday, rising by more than US$4 per barrel following renewed Israeli strikes on Iran and fresh attacks on Lebanon, stoking investor fears over the stability of Middle East energy supplies. As of 06:09 GMT, Brent crude was trading at US$97.15 per barrel, a gain of…

A proposed overhaul of Australia’s gas market rules could heighten investment uncertainty rather than resolve it, according to new analysis from Wood Mackenzie, raising concerns for a sector already navigating complex regulatory pressures. The federal government’s draft Domestic Supply Obligation framework aims to consolidate existing gas policies into a single…

Global energy markets have been plunged into deep uncertainty following the closure of the Strait of Hormuz, an escalation that has instantly wiped out 20 per cent of the world's liquefied natural gas (LNG) supply, according to new analysis from research firm Wood Mackenzie. Wood Mackenzie has modelled three global…

A new report has warned that the use of gas in Australia has peaked but the transition away from gas could become costly and chaotic as the federal and state governments have largely ignored this decline. A new report from the Grattan Institute, Out of gas: Managing the decline of…

The Queensland government has introduced new legislation aimed at accelerating the development of critical minerals and energy projects. The State Development and Public Works Organisation Critical Minerals and Other Legislation Amendment Bill 2026 was tabled in Parliament as part of broader efforts to streamline project approvals and improve coordination for…

Global investors may be dangerously underestimating the lasting economic consequences of elevated crude prices as Middle East tensions continue to reshape energy markets. Oil prices climbed on Monday after Israel ordered troops to push deeper into Lebanon, reigniting fears that renewed clashes with the Iran-backed Hezbollah group could unravel a…

India is set to lead global caustic soda capacity additions by 2030, supported by strong domestic demand, policy momentum, and expanding industrial activity — developments that carry significant relevance for the oil and gas sector. The country is projected to contribute more than 20 per cent of total global capacity…

The Western Australian government has opened nominations for the state’s 2026 acreage release, inviting resources companies to put forward preferred areas for petroleum and greenhouse gas storage exploration. The nomination period closes on June 20, ahead of formal competitive bidding rounds scheduled for later in the year. In a policy…