Oil & Gas

Oil prices rose on Monday, bouncing off early losses after Israeli Prime Minister Benjamin Netanyahu said Israel had proof that "Iran lied" about its nuclear capabilities, and that he was sure US President Donald Trump would do "the right thing" in reviewing the country's nuclear deal with western powers.

Oil prices edged lower on Friday, although Brent still gained for a third straight week amid supply concerns should the United States reimpose sanctions on Iran.

Oil prices gained on Thursday as the risk of renewed US sanctions on Iran, plunging Venezuelan output, and robust global demand shook off the effects of a strong US dollar.

Long-running plans by Vikas Rambal’s Perdaman Industries to build a multi-billion dollar urea manufacturing plant in Western Australia have received a fillip, with his group signing a gas supply agreement with Woodside Petroleum.

Consulting group Energy Quest has cast doubt over the long-held expectation that Australia will overtake Qatar as the world’s largest LNG producer, in part because of the anticipated decline in production at Woodside Petroleum's North West Shelf project.

Oil prices rose on Wednesday despite data showing rising US inventories, holding within sight of three-year highs reached the previous day on geopolitical tensions including the prospect of fresh sanctions on Iran.

Japanese group Mitsui & Co has begun the compulsory acquisition process of Waitsia gas field operator AWE, after increasing its stake in the oil and gas company above the 90 per cent threshold last week.

Oil prices rebounded from an early slide to finish higher and strengthen further in post-settlement trade, as investors feared US sanctions could dampen Iran's output.

Perth-based data management company Tape Ark has completed a world first for the oil and gas exploration industry by demonstrating real-time seismic data acquisition using cloud storage rather than traditional tapes.

Oil prices peaked at highs not seen since 2014, built on the ongoing drawdowns in global supply and as Saudi Arabia looks to push prices higher, though US crude gave back gains in the afternoon to

A Dutch company will soon begin work on a nearly $10 million large-scale mercury waste treatment facility in Kwinana, as increased LNG exports lead to higher volumes of the toxic metal.

Oil prices dropped on Monday as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend.

Oil prices rose on Friday, making the largest weekly gain since July, supported by concerns about the possibility of Western military action in Syria and reports of dwindling global oil inventories

Oil prices have jumped, hitting their highest levels in more than three years after Saudi Arabia said it intercepted missiles over Riyadh and US President Donald Trump warned Russia of imminent mil

Oil prices surged more than three per cent on Tuesday as investors grew more confident the United States and China would resolve their trade dispute without damaging the global economy, while Middl

Oil prices fell about two per cent after US President Donald Trump threatened new tariffs on China, reigniting fears of a trade war between the world's two largest economies that could hurt global

Oil prices settled slightly lower on Wednesday, as a surprise draw in US crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on US exports that

Japanese group Mitusi & Co has gained a majority stake in Waitsia gas field operator AWE after a keenly contested takeover battle, and has now declared its $602 million offer unconditional.

Oil prices have edged higher, supported by a recovery in the equities market and on a technical bounce for crude after the biggest daily percentage drop in almost a year, but Brent futures stayed w

The US private equity firm aiming to buy Santos has raised its bid for a third time, valuing the local oil and gas producer at about $13.5 billion.

Oil prices fell about one per cent after data showed US crude inventories unexpectedly rose 1.6 million barrels last week, weighing on market sentiment.

Oil prices were little changed on Tuesday, with Brent futures retreating after hitting $US71 a barrel, as the US dollar recovered from earlier losses and as the market continues to stagnate after s

Japanese group Mitsui & Co has announced it will not extend the deadline on its $602 million takeover offer for AWE and confirmed its offer price of 95 cents per share is final.

Crude prices on Friday hit their highest level since late January after the Saudi energy minister said OPEC and allied producers would need to keep coordinating supply cuts into 2019, and as concer

Oil prices have dropped after investors took profits after this week's rally and as US stock markets fell, but losses were limited by the continuing efforts of OPEC and its allies to curb supplies.

Australis Oil & Gas has tapped investors for $39.2 million, with the proceeds to allow for drilling to commence at the Tuscaloosa marine shale later this year.

Oil prices hit a six-week high on Wednesday, closing in on a three-year peak set in late January, on a surprise decline in US inventories, strong compliance on OPEC production cuts, and persistent

Oil prices slipped on Monday as Wall Street slid more than one per cent and energy market investors remained wary of growing crude supply, although tensions between Saudi Arabia and Iran gave price

Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as US stock prices rose and investors covered short bets ahead of a weekend in which the US news p

Oil prices edged higher in choppy trade, after the International Energy Agency said global oil demand is expected to pick up this year, but warned supply is growing at a faster pace.

Oil prices gained 0.4 per cent in choppy trade on Wednesday, after a report showing a bigger-than-expected US crude stock build was offset by large distillate and gasoline inventory draws.

Oil futures fell more than one per cent on concerns over rising US production and as equities fell, erasing earlier gains driven in part by the firing of US Secretary of State Rex Tillerson.