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The Latest Breaking News from Saul Kavonic

Oil markets are bracing for $100 barrels and a redux of a 1970s-era crisis but 'three times the scale,' analyst warns

U.S. gas prices rose 40% as a result of the 1973 oil shock, and prices at the pump are threatening to increase again as a result of the U.S. and Israeli strike on Iran.

Fortune

Woodside win boosts gas industry but roadblocks remain

A ministerial decision to extend the life of a massive gas project despite climate concerns represents an endorsement of the sector by the Labor government.

AAP

Rio Tinto Eyes $4-6 Billion Arcadium Takeover, Bolstering Global Lithium Presence

Rio Tinto is reportedly considering paying $4-6 billion to acquire U.S. lithium producer Arcadium, which would give it access to mines and processing facilities on four continents. The move highlights the global competition for lithium dominance in the face of rising demand for electric vehicles.

International Business Times

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Workers call off strike in Chevron gas plants dispute

Chevron and striking workers have accepted a deal brokered by the Fair Work Commission, putting an end to disruption at two LNG projects in Western Australia.

AAP

Gina Rinehart, Kerry Stokes and Chris Ellison in race to stake claim over Perth Basin despite gas price gap

Australia's richest people are in a battle for control of Western Australia's burgeoning onshore gas industry, despite the Commonwealth's decision to cap prices. Energy reporter Dan Mercer explains why.

ABC News

Facing a cold northern winter, Japan watches Australia's energy market intervention closely

The Japanese government adds its voice to the debate about plans for coal and gas price caps amid concerns about energy security at home.

ABC News

Energy users and ex-ACCC boss praise government for staring down ‘bullies of the gas industry’

Industry argues capping gas at $12 a gigajoule risks future investment but experts say price is top end of range forecast before invasion of Ukraine

The Guardian - AU

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Australian Indigenous island community halts $3.6bn gas drilling

Australia’s second-largest independent gas producer Santos Ltd argued it had all necessary approvals to begin drilling.

Al Jazeera

East Timorese leader flies to Australia for critical talks

East Timor’s President Jose Ramos-Horta is scheduled to arrive in Australia for a state visit as negotiations over lucrative gas resources reach a critical stage for his impoverished nation

The Independent UK

Electric cars could get cheaper as a crucial component in them drops in price

The cost of electric cars could start to fall, with the price of a core component in EV batteries expected to reduce, according to Credit Suisse analysts.

ABC News

Russian attempts to 'weaponise' energy may fast-track Europe's shift to renewables, after initial pain

Analysts warn that Europe faces potentially harsh economic pain in the short term if Russia chooses to use energy as leverage in its war on Ukraine.

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