Government mandates Shell, Santos, and Origin Energy to reserve one-fifth of output for domestic use starting July 2025. Australia will require energy companies to reserve 20% of their natural gas production for the domestic market to prevent east coast supply shortages. T
The Norwegian oil producer reported a sharp rise in first-quarter profit driven by higher crude prices and a one-time impairment reversal. Aker BP posted a significant increase in first-quarter earnings as higher oil prices and a reversal of previous impairments boosted re
Drones from Russia damage oil storage in Latvia Two drones from Russia have crashed in Latvia, causing damage to an oil storage facility. The incident has raised concerns about the potential disruption to oil supplies in the region. The crash is likely to e
WTI consolidates below $93.00 as traders assess likelihood of US-Iran peace deal West Texas Intermediate (WTI) – the benchmark US Crude Oil price – oscillates in a range during the Asian session on Thursday and, for now, seems to have stalled the previous day's modest bounce...</
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – oscillates in a range during the Asian session on Thursday and, for now, seems to have stalled the previous day's modest bounce from sub-$87.00 levels, or over a two-week low.
Investors assess the credibility of a potential Trump-led trade agreement as oil prices and stocks react to geopolitical risks. Oil and equity markets face volatility as traders evaluate the seriousness of a proposed trade deal linked to former President Donald Trump. The
The move aims to secure supply for Australia’s east coast amid rising energy demand and price pressures. Australia will require liquefied natural gas exporters to reserve 20% of their production for the domestic east coast market. The policy targets shortages and price vol
Falling crude costs may strengthen the rupee, though escalating geopolitical risks could limit further appreciation. The Indian rupee is poised to benefit from a decline in global oil prices, reducing import costs and easing pressure on the current account. Lower crude pri
New policy requires liquefied natural gas projects to allocate a fifth of output to local buyers, easing supply concerns. Australia will mandate liquefied natural gas exporters to supply 20% of their production to the domestic market. The policy aims to secure energy suppl
Corporate profit beats lift investor sentiment as crude costs pressure broader emerging-market equities. Indian equities advanced after a series of better-than-expected earnings reports offset concerns over rising oil prices. The Nifty 50 index rose 0.8% in early trading,