Industry News

Latest from Australia's industrial and energy sectors

Oilprice.com • 01 Sep 2026
Oil Prices Climb as Trump Threatens New Strikes on Iran

Crude oil prices extended their earlier climb after President Trump issued his latest threat to Iran, following the first exchange of fire in weeks. At …

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Oilprice.com • 01 Sep 2026
New Tech Breakthrough Aims To Solve The World's Plastic Waste Problem

Plastics remanufacturing is the industry everyone wishes they’d gotten into earlier, with McKinsey seeing as much as $75 billion in economic opportunity by 2035 for …

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Oilprice.com • 31 Aug 2026
Why More Venezuelan Oil Won’t Solve America’s Gasoline Problem

Venezuela has the largest proven oil reserves in the world, and its heavy crude is particularly well suited to the sophisticated refineries lining the U.S. …

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Oilprice.com • 31 Aug 2026
Iran War Triggers Billions in New Oil Pipeline and Port Investment

The severe disruption of oil and gas flows out of the Persian Gulf resulting from the war between the U.S. and Israel and Iran, has …

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Oilprice.com • 31 Aug 2026
Canada Tariffs Deepen North America’s Steel and Aluminum Squeeze

The renewed trade war between the United States and Canada adds even more uncertainty to the complex steel and aluminum supply chains critical for heavy …

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Oilprice.com • 31 Aug 2026
Norway Wants Europe’s Energy Market, Without Sharing Its Trade-Offs

Norway is supposedly breaking with Brussels. Energy Minister Terje Aasland says the country will continue exploring for oil and gas in the Barents Sea despite …

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Oilprice.com • 31 Aug 2026
Chevron, ONGC and GE Vernova Near Final Venezuela Energy Deals

Chevron, India’s ONGC, GE Vernova, Eni and GeoPark are preparing to sign final energy agreements in Venezuela, bringing new foreign investment into the country’s oilfields …

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Oilprice.com • 31 Aug 2026
Trump’s “Historic Deal” With Venezuela Isn’t Fooling Oil Traders

Two days after President Trump called his new Venezuela agreement “the biggest oil deal in world history,” the story has already moved past the barrels …

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Oilprice.com • 31 Aug 2026
BP Adds 80 MMcf/d to Egypt’s Gas Supply Two Years Ahead of Schedule

Roughly two years ahead of schedule, BP has started production from the Fayoum-4 well in Egypt’s West Nile Delta, adding around 80 million cubic feet …

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Oilprice.com • 31 Aug 2026
Russian Oil Is No Longer India’s Easy Bargain

India’s crude imports fell in August, and Russia’s share declined with them, exposing a supply problem that seasonal refinery patterns alone cannot explain. The usual …

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Oilprice.com • 31 Aug 2026
SLB Makes $3.4 Billion Bet on AI Data Center Boom

The world’s largest oilfield services company is spending $3.4 billion to expand into the infrastructure behind the AI power boom. SLB said Monday it will …

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Oilprice.com • 31 Aug 2026
Conflict and Climate Are Driving Food Prices Higher

Two weeks ago, I wrote about how conflict and climate change are combining to impede navigation across the globe. That same combination is also pushing …

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