Industry News

Latest from Australia's industrial and energy sectors

Oilprice.com • 29 Aug 2026
U.S. Eyes 18th-Century Law to Seize and Sell Iranian Oil

The US government is exploring an unusual legal route for dealing with Iranian oil and ships captured as part of its blockade: bringing back a …

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Oilprice.com • 29 Aug 2026
Oil-Rich Azerbaijan Bets Big on a Clean Energy Boom

Azerbaijan is one of the world’s oldest oil producers and exporters, having pumped crude since the mid-19th century, and remains a major global oil producer. …

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Oilprice.com • 28 Aug 2026
Europe’s Russia Sanctions Have a Major Blind Spot

Over the last two years, the EU and UK have emerged as leading actors in imposing sanctions on Russia. But people like Maria Demertzis, Professor …

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Oilprice.com • 28 Aug 2026
The AI Boom Could Triple Data Center Water Use by 2030

The massive data center capacity scale-up underway has focused attention on the scale of water required for these facilities to operate. Rystad Energy estimates that …

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Oilprice.com • 28 Aug 2026
Venezuela Helped Build OPEC. Now It May Help Break It Apart

Venezuela helped create OPEC. More than six decades later, it is considering walking away, and Washington appears perfectly happy to hold open the door. Caracas …

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Oilprice.com • 28 Aug 2026
Russia’s Energy Crisis Puts Kazakhstan in a Tough Spot

Kazakhstan is trying to keep the Kremlin at arm’s length amid Russian efforts to lean on Central Asian states for help in bolstering Moscow’s staggering …

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Oilprice.com • 28 Aug 2026
The Iran War Has Turned VLCCs Into $650,000-a-Day Assets

More Gulf oil is moving again. Getting it out now costs a fortune. Earnings on the benchmark Saudi Arabia-to-China supertanker route surged to a record …

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Oilprice.com • 28 Aug 2026
U.S. Oil Rig Count Falls by 5 as Gas Rigs Rise

The total number of active drilling rigs for oil and gas in the United States stayed the same this week, according to new data that …

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Oilprice.com • 28 Aug 2026
Gas Prices in Asia and Europe Jump as Qatar Extends LNG Force Majeure

Natural gas prices in Asia and Europe jumped on Friday as the market digested reports that Qatar has extended the force majeure on its LNG …

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Oilprice.com • 28 Aug 2026
Oil Shrugs Off Trump’s ‘Toughest Sanctions in History’

Oil holds near $90 despite sweeping Iran sanctions as uncertainty over Hormuz transits keeps markets on edge. Friday, August 28, 2026 The US announcement of …

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Oilprice.com • 28 Aug 2026
Ukraine Drones Spark Fire at Russian Refinery as Fuel Crisis Worsens

Ukraine’s forces struck the Slavneft-YANOS oil refinery in Yaroslavl, Russia, early on Friday, with drones causing a fire at the facility, the Ukrainian General Staff …

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Oilprice.com • 28 Aug 2026
Qatar Extends Force Majeure as Hormuz Crisis Still Blocks LNG Traffic

Qatar’s state-owned QatarEnergy has extended by several weeks its force majeure on LNG deliveries to customers as the LNG flows at the Strait of Hormuz …

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