Oil prices sank along with the euro after the European Central Bank forecast that the eurozone would continue to contract next year and only return to growth in 2014.
Utilities
- NSW govt to prosecute Santos over CSG site AAP - Wed, Jun 12, 2013 8:59 PM AEST
The NSW government has launched legal action against energy company Santos over breaches of its production licence at a coal seam gas (CSG) site in the state's north. It's claimed the company failed to ...
- Share market falls to near five-month low; dollar recovers most of Tuesday's losses ABC - Wed, Jun 12, 2013 6:47 PM AEST
The share market has fallen to a near five-month low, with losses across the board that were the steepest in energy and bank stocks. The All Ordinaries Index dropped by 0.7 per cent to close at 4,716, ...
- US oil output soaring on shale boom: BP AFP - Wed, Jun 12, 2013 6:04 PM AEST
The United States enjoyed a record surge in oil and gas production last year, boosted by a shale energy revolution, British energy giant BP said on Wednesday. "On the supply side, the most noticeable ...
- Iraq to get $6 trillion from energy in new strategy AFP - Wed, Jun 12, 2013 4:06 PM AEST
Iraq unveiled an ambitious energy strategy on Wednesday that aims to raise $6 trillion (4.5 trillion euros) from oil and gas sales by 2030 and massively increase local power generation, a major domestic ...
- Aurora sale safe under push for cheaper power, says Premier ABC - Wed, Jun 12, 2013 1:16 PM AEST
Tasmania's Premier Lara Giddings does not believe the sale of state-owned company Aurora Energy will be jeopardised by a push to reduce power prices. The State Government has asked the economic regulator ...
- OPEC keeps pumping as oil demand drops: IEA AFP - Wed, Jun 12, 2013 1:08 PM AEST
OPEC continues to pump more oil despite sluggish economic growth dampening an increase in demand, the International Energy Agency said on Wednesday. The IEA, which advises oil consuming nations, said OPEC ...
- Kuwait invites bids for first solar energy project AFP - Wed, Jun 12, 2013 12:16 PM AEST
Kuwait invited bids on Wednesday to build a solar farm to produce 70 megawatts of electricity by 2016, the first phase of a plan to generate 2,000 megawatts from renewables in 2030, the project supervisor ...
- Local market closes higher as dollar slides against most major currencies ABC - Tue, Jun 11, 2013 6:32 PM AEST
The share market has closed higher today, helped by solid gains in energy and healthcare stocks. The All Ordinaries Index rose by 0.4 of a per cent to close at 4,749, with the ASX gaining the same amount ...
- Siemens to scrap 1,000 energy jobs: report AFP - Mon, Jun 10, 2013 10:51 PM AEST
German engineering giant Siemens plans to cut 1,000 more domestic jobs at its energy division over the next few years, the Frankfurter Allgemeine Zeitung reported in its Tuesday edition. The company plans ...
- French electric car share program sets sights on Indy AFP - Mon, Jun 10, 2013 9:34 PM AEST
A French electric car share program has set its sights on the home of one of the top US race car events: Indianapolis. Bollore, which already runs a successful car share program in Paris, plans to bring ...
- Global warming 'to be double the 2 degree target': IEA AFP - Mon, Jun 10, 2013 3:07 PM AEST
Global temperatures are on track to rise by more than double the two-degree Celsius (3.6-degree Fahrenheit) warming goal set by the UN unless urgent measures are taken, the International Energy Agency ...
- Global warming 'to be double the 2 degree target' AFP - Mon, Jun 10, 2013 11:37 AM AEST
The rise in the global temperature is on track to double the 2.0 degrees Celsius target, the International Energy Agency warned on Monday, and said four policies were needed urgently to limit climate change ...
- Trailblazing Israeli electric car company AAP - Mon, Jun 10, 2013 12:01 AM AEST
It was an audacious idea that came to symbolise Israel's self-described status as a Start-Up Nation, a company that believed it could replace most gasoline-powered cars with electric vehicles and reduce ...
- Mining, energy stocks help lift share market higher ABC - Tue, Jun 4, 2013 5:39 PM AEST
Gains in mining and energy stocks have lifted the share market to a positive close after a weak start to the session. The All Ordinaries added a quarter of a per cent to close at 4,887 while the ASX 200 ...
- Iraq to 'lower oil targets', minister tells AFP AFP - Mon, Jun 3, 2013 10:49 AM AEST
Iraq is in talks with foreign energy firms to lower long-term oil production targets agreed several years ago because of sagging global crude demand forecasts, the country's top energy official told AFP. ...
- UK 'likely' to have 102 trln cubic feet of shale gas AFP - Mon, Jun 3, 2013 9:36 AM AEST
British exploration company IGas Energy on Monday said it believed it was sitting on a far bigger amount of shale gas than thought, ahead of controversial drilling work to begin this year in northwest ...
- Rows over Syria, energy cloud Russia-EU talks AFP - Mon, Jun 3, 2013 2:04 AM AEST
The European Union and Russia kick off a two-day summit on Monday overshadowed by rows over Brussels' decision to lift its arms embargo on the Syrian rebels and resolve to loosen Moscow's grip on EU natural ...
- OPEC shrugs off impact of US shale revolution AFP - Sun, Jun 2, 2013 12:36 PM AEST
OPEC, the oil producer cartel, is shrugging off talk of its weakening influence sparked by booming US shale energy production. "OPEC will be around after shale oil finishes," secretary-general ...
- Origin boss gives bleak outlook for coal AAP - Fri, May 31, 2013 4:07 PM AEST
Origin Energy chief executive Grant King thinks difficult times for Australia's coal industry could continue as the US boosts coal exports in the years ahead. Mr King says the rising use of gas in the ...
- OPEC agrees to maintain oil output ceiling: Venezuela AFP - Fri, May 31, 2013 12:45 PM AEST
OPEC has agreed to hold its output ceiling at 30 million barrels of oil per day, Venezuelan Energy Minister Rafael Ramirez said on Friday after a key meeting in Vienna. "Everybody has agreed to maintain ...
- OPEC set to hold oil output ceiling again AFP - Fri, May 31, 2013 1:37 AM AEST
The OPEC oil cartel was widely expected on Friday to maintain its collective output ceiling amid lingering worries over the health of global energy demand. Financial markets expect that OPEC will leave ...
- UPDATE 8-Oil slides with Wall Street and on energy demand worry Reuters Australia - Thu, May 30, 2013 7:29 AM AEST
* IMF and OECD cut China growth forecasts * OPEC oil ministers look set to maintain output targets * API reports crude, gasoline builds that exceed forecasts * Coming up: U.S. EIA data at 11 a.m. EDT (1500 ...
- Berkshire Hathaway unit to buy NV Energy for $5.6 bn AFP - Wed, May 29, 2013 11:39 PM AEST
Berkshire Hathaway unit MidAmerican Energy will buy NV Energy for $5.6 billion, the companies announced Wednesday, as investor Warren Buffett eyes Nevada's abundant renewable energy resources. Under the ...
- Oil prices tank after growth downgrades AFP - Wed, May 29, 2013 8:23 PM AEST
Oil prices tanked Wednesday after 2013 growth forecasts were cut for the global economy and for China, stoking concerns about energy demand. New York's main contract, West Texas Intermediate light sweet ...
- Clean energy sector faces uncertain future if Coalition wins federal election ABC - Wed, May 29, 2013 4:15 PM AEST
Billions of dollars worth of investments in the clean energy sector are at stake if the Coalition wins the federal election in September. The Coalition is vowing to scrap the carbon tax, review the renewable ...
- Shale, coal price splits Czech government on nuclear project AFP - Tue, May 28, 2013 6:39 PM AEST
A project costed in billions of euros to expand a Czech nuclear plant has been undermined by the effects on energy prices of the shale gas revolution in North America, and is splitting the government. ...
- EU urges reform of Bulgaria troubled energy sector AFP - Tue, May 28, 2013 4:58 PM AEST
Brussels recommended Tuesday far-reaching reforms to Bulgaria's troubled energy sector as well as measures like better insulation, as a solution to high electricity bills that have prompted public anger ...
- Electric cars slow to gain traction in Germany AFP - Tue, May 28, 2013 4:59 AM AEST
Germany plans to have one million electric vehicles on its roads by 2020, but so far that goal seems remote as the nation's motorists have shown little love for the quietly humming vehicles. So far, the ...
- Venezuela says open to oil production cut AFP - Tue, May 28, 2013 1:29 AM AEST
Venezuela would be open to an oil production cut if the Organisation of Petroleum Exporting Countries (OPEC) decided it was necessary to help maintain prices, Energy Minister Rafael Ramirez said. "We ...
- Aussie costs a big challenge: Shell AAP - Mon, May 27, 2013 7:30 PM AEST
The head of global energy giant Shell says rising costs are a challenge for doing business in Australia. Royal Dutch Shell wants to develop a floating liquefied natural gas (LNG) project in Western Australia, ...
- Wage demands hit big energy projects: Gray AAP - Mon, May 27, 2013 5:11 PM AEST
Excessive wage demands are threatening major energy projects in Australia, a federal Labor minister says. Woodside Petroleum last month dumped a $45 billion liquefied natural gas project which was proposed ...
- Meridian shares could be sold in blocks AAP - Mon, May 27, 2013 3:18 PM AEST
The government may not sell all 49 per cent of the shares in Meridian Energy at the same time, Prime Minister John Key says. The recently sold shares in Mighty River Power are trading below their sale ...
- Oil prices 'convenient and fair': UAE minister AFP - Mon, May 27, 2013 2:57 PM AEST
Current oil prices are "convenient and fair," the United Arab Emirates' energy minister said on Monday ahead of a meeting of the Organisation of Petroleum Exporting Countries, OPEC. Suhail al-Mazrouei ...
- Premier's Aurora sale pledge ABC - Fri, May 24, 2013 4:11 PM AEST
The sale of state-owned power retailer Aurora Energy could provide the Tasmanian Government with a pre-election war chest. The Government's in the process of selling Aurora Energy's retail arm as part ...