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Tag: energy

  • World energy watchdog warns the fuel crisis is ‘very severe’ | Iran war energy crisis equal to 70…

    World energy watchdog warns the fuel crisis is ‘very severe’ | Iran war energy crisis equal to 70…

    Explore the latest developments concerning World energy watchdog.

    World energy watchdog warns the fuel crisis is 'very severe'

    Fatih Birol will recommend releasing further stockpiled fuel if the crisis continues and conditions call for it. (ABC News: Matt Roberts)

    International Energy Agency chief Fatih Birol says major damage to energy assets in the Middle East will create supply problems in the future, even after the Iran war ends.

    Prime Minister Anthony Albanese and his Singaporean counterpart have issued a joint statement committing to strengthening the energy supply chain in the region.

    More emergency reserves of oil could be released if the war continues to impact the supply and price of fuel.

    World leaders have failed to grasp the depth of the energy crisis created by the Iran war, the head of the International Energy Agency has warned.

    Iran war energy crisis equal to 70s twin oil shocks and fallout from Ukraine war, says IEA chief

    Fatih Birol says effect on energy markets of Iran bombings and closure of Hormuz strait not initially understood by world leaders

    The global energy crisis caused by the war in Iran is equivalent to the combined force of the twin oil shocks of the 1970s and the fallout of Russia’s invasion of Ukraine, the head of the International Energy Agency has warned.

    Fatih Birol, the IEA’s executive director, said the growing fallout could be seriously compounded through interuptions to the “vital arteries of the global economy”, including petrochemicals, fertilisers, sulfur and helium.

    Speaking at the National Press Club of Australia in Canberra on Monday, Birol said the depth of the problems in energy markets caused by American and Israeli bombings in Iran, and the closure of the stragetic strait of Hormuz, had not initally been properly understood by world leaders.

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    Iran war LIVE updates:Oil crisis already ‘double the 70s’: IEA director; explosions heard in Tehran

    Oil supply crisis already double the scale of 1970s oil shocks: IEA director

    2GB, 3AW owner to rebrand as Tapt Media after sale to Arthur Laundy

    EU president visits Australia in effort to close free trade deal

    Welcome to our live coverage of the war in the Middle East. Here are the top stories we’re following:

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  • Live: G7 condemns Iran attacks on energy supplies | Australia’s big move on Iran attacks | Iran…

    Live: G7 condemns Iran attacks on energy supplies | Australia’s big move on Iran attacks | Iran…

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    Live: G7 condemns Iran attacks on energy supplies

    G7 foreign ministers condemn Iran's attacks on global energy supplies, stressing the need to keep key shipping routes — including the Strait of Hormuz — secure. 

    Follow our blog for live updates, as the US-Israeli war with Iran enters its fourth week.

    If you're just joining us, here's a recap of the latest developments in the Middle East over the past 24 hours:

    Iranian missile strikes wounded 75 people in the southern Israeli town of Arad on Saturday, including 10 seriously, medics said.

    The attacks tore open the fronts of residential buildings and left large craters in the ground.

    Israeli soldiers secured the scene after the missiles hit residential buildings in Arad.

    Iran says it will allow Japanese ships to transit the Strait of Hormuz

    Japan sources more than 90 percent of its crude oil imports from the Middle East and is heavily dependent on exports transiting the key waterway.

    Iran says Japanese ships will be allowed to transit the Strait of Hormuz, in the latest sign that Tehran has started pursuing a selective blockade of the strategic waterway.

    “We have not closed the strait. In our opinion, the strait is open. It is closed only to ships belonging to our enemies, countries that attack us. For other countries, ships can pass through the strait ,” Iranian Foreign Minister Abbas Araghchi told Japan’s Kyodo News late on Friday.

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    The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

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  • How will Australia manage energy resources amid war? | ‘This fuel price rise will pinch us’: Canb…

    How will Australia manage energy resources amid war? | ‘This fuel price rise will pinch us’: Canb…

    Explore the latest developments concerning How will Australia.

    How will Australia manage energy resources amid war?

    Amid uncertainty over length of the war in the Middle East, experts are concerned about the impact on the world's oil and gas supplies. 

    Australia is not immune to those shocks and AM speaks to the Federal Resources Minister about how to protect Australians' energy supplies. 

    Rachel Mealey: Well, the ongoing attacks on Iran and the ever-expanding retaliatory attacks have had a major impact on the world's seaborne crude oil supply, sending energy prices soaring. For motorists in Australia, this means the price of fuel will keep climbing at the pump. Madeleine King is the Resources Minister. She joined me earlier. Minister, Australia's oil and gas supplies are going to be hit hard by this war. Exactly how much do we have in reserve?

    'This fuel price rise will pinch us': Canberra petrol prices touch $1.99 per litre

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    The price of petrol in Canberra has jumped by nearly eight cents a litre in the past week, with some stations hitting the $2 mark following recent military strikes in the Middle East.

    On February 26, before the Israeli-US attack on Iran, the average price for a litre of unleaded was $1.81, according to the NRMA. By March 5, the motoring organisation reported the average had climbed to $1.88.

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    Australian petrol retailers accused of price gouging over rising fuel costs amid Iran war

    Motoring groups accuse retailers of using conflict as an excuse to lift prices as Jim Chalmers asks ACCC to keep watch

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    Sydney motorists are paying up to 25 cents more for a litre of petrol now than they were before the start of the US-Israel war on Iran, as motoring groups accuse retailers of using the conflict as an excuse to gouge their customers.

    After Jim Chalmers instructed the Australian Competition and Consumer Commission to keep an eye out for profiteering behaviour, a spokesperson for the watchdog said it had “observed average retail regular unleaded petrol prices in several cities moving higher over the last few days”.

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  • AGL Energy shares soar 14%: Is there any upside left? | AGL.AX Stock Today: February 22 — Chart…

    AGL Energy shares soar 14%: Is there any upside left? | AGL.AX Stock Today: February 22 — Chart…

    Explore the latest developments concerning AGL Energy shares.

    AGL Energy shares soar 14%: Is there any upside left?

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    The electricity and gas supplier has come off the boil today.

    AGL.AX Stock Today: February 22 — ChartWatch Scans Put AGL in Focus

    AGL share price action is in focus after MarketIndex’s ChartWatch scans spotlighted AGL Energy. Traders in Australia will watch how AGL.AX trades into the open and close, with sectors under pressure. At the latest close, AGL finished at A$10.58 after ranging between A$10.40 and A$10.58. One-month performance is up 21.28%, placing the move near the top of ASX energy stocks. Short-term indicators show strong momentum, so today’s tape could decide whether the AGL share price pushes toward resistance or cools back into support.

    MarketIndex’s ChartWatch highlights AGL among names to watch for a momentum-led move, as broader sentiment wobbles. This makes intraday order flow important for confirmation. See the scan summary here: ChartWatch ASX Scans: Woodside Energy, AGL Energy. With sector nerves rising, a decisive close can signal whether the AGL share price extends or fades.

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    AGL.AX Stock Today: ChartWatch Flags Breakout Setup — February 21

    The AGL Energy share price is testing recent highs today as MarketIndex’s ChartWatch flags a momentum setup that traders in Australia are watching closely. In ASX trade, AGL.AX sits near A$10.58 with resistance at A$10.63–A$10.81 in focus. Overbought readings and a strong trend suggest a breakout is possible, but a pullback could offer better risk control. We outline the key levels, signals, and how the AGL Energy share price fits within the current ASX utilities rotation.

    MarketIndex’s ChartWatch scan highlighted AGL after a strong run and tightening ranges, drawing attention to a possible momentum continuation. With domestic defensives seeing renewed interest, the AGL Energy share price is pressing into a known supply zone. Today’s range sits between A$10.40 and A$10.58, keeping price within striking distance of the resistance band many short-term traders are tracking for validation.

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  • ChartWatch ASX Scans: Woodside Energy, AGL Energy, Aurizon, Forrestania Resources, PC Gold, Predi…

    ChartWatch ASX Scans: Woodside Energy, AGL Energy, Aurizon, Forrestania Resources, PC Gold, Predi…

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    The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

    For more detailed information, explore updates concerning ChartWatch ASX Scans:.

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  • Endeavour Energy appoints new CEO | Endeavour Energy Today, January 9: Danny Cooper Appointed CEO…

    Endeavour Energy appoints new CEO | Endeavour Energy Today, January 9: Danny Cooper Appointed CEO…

    Explore the latest developments concerning Endeavour Energy appoints.

    Endeavour Energy appoints new CEO

    Endeavour Energy has announced the appointment of Danny Cooper as its new CEO effective March 2, 2026.

    Cooper will succeed Guy Chalkley, who after nearly six years of leadership has advised the Board of his decision to leave the organisation.

    Related article: Transgrid and Endeavour Energy partner on critical infrastructure project for Western Sydney Aerotropolis

    Cooper joins Endeavour Energy from BGC Group, where he was CEO for more than six years. He brings a wealth of experience to the role, having led teams and businesses in both Australian and international markets.

    Cooper is recognised for his energetic and decisive leadership, his ability to manage complex stakeholder environments, and his commitment to building collaborative, high-performing teams.

    Endeavour Energy Today, January 9: Danny Cooper Appointed CEO

    Endeavour Energy CEO news matters for Australia’s utility sector today. Endeavour Energy has appointed Danny Cooper as chief executive effective 2 March 2026, succeeding Guy Chalkley. The NSW network operator continues major grid work and renewable connections, including collaboration with Transgrid around the Western Sydney Aerotropolis. We outline how this Endeavour Energy leadership change may shape project timing, supplier pipelines, and funding strategies. Confirmation of the appointment was reported by industry press source.

    The announcement signals continuity for critical NSW distribution upgrades, with attention on renewable integration and customer reliability. Work alongside Transgrid at the Western Sydney Aerotropolis highlights connection capacity and substation planning. Investors will watch schedule clarity for network augmentations that enable more rooftop solar, batteries, and utility-scale projects. A stable handover can support approvals, safety performance, and delivery discipline across Western Sydney and surrounding growth areas.

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    Endeavour Energy Appoints New Chief Executive

    Endeavour Energy has announced the appointment of Daniel Cooper as its new chief executive officer, effective March 2. Cooper, formerly the chief executive of BGC Group, succeeds Guy Chalkley, who is stepping down after nearly six years in the role. Endeavour Energy’s distribution network provides electricity to 2.7 million people in Greater Western Sydney. The company is owned by a consortium of long-term investors headed by Macquarie Asset Management, which owns a 50.4 per cent share, with the remaining stake held by the New South Wales government.

    Endeavour chairwoman Cheryl Bart praised Cooper’s leadership experience at both BGC and Hanson UK, highlighting his demonstrated ability to drive transformation, encourage innovation, and achieve lasting outcomes. Bart expressed the board’s confidence in Cooper’s ability to guide Endeavour through its next phase of development and growth. She also thanked Chalkley for his service to the company.

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  • Energy blueprint shake-up as ‘market moves faster than the systems plan’ | Australia’s energy g…

    Energy blueprint shake-up as ‘market moves faster than the systems plan’ | Australia’s energy g…

    Explore the latest developments concerning Energy blueprint shake-up.

    Energy blueprint shake-up as 'market moves faster than the systems plan'

    Not a single wind farm has begun construction in Australia in 2025. (ABC News: Nathan Morris)

    The body that runs Australia's biggest power market has scaled back its plans for high-voltage power lines and wind farms to meet the country's green energy targets.

    Instead, the Australian Energy Market Operator (AEMO) has forecast Australia will need to rely more heavily on big solar farms, batteries and households if it is to get 82 per cent of its electricity from renewable sources by 2030.

    The agency has today released the draft version of its latest "integrated system plan", which it describes as a road map for decarbonising Australia's electricity system.

    Australia’s energy grid must triple capacity by 2050 with major increase to wind and solar, Aemo says

    Market operator says capital cost of infrastructure under optimal path would be $128bn in today’s dollars, but price of delay is even higher

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    The capacity of Australia’s main electricity grid will need to triple by 2050 – including a fivefold expansion of large-scale wind, solar and storage – under the most likely development path, the national energy market operator says.

    The estimate is included in the Australian Energy Market Operator (Aemo) draft “integrated system plan” for the national electricity market, the power grid that connects the five eastern states and the ACT.

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    Coal-fired power until 2049 as energy grid costs rise to $128b

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    The Australian Energy Market Operator has pushed out its forecast for the end of coal power in the eastern states by 11 years and slashed the amount of new transmission lines it expects by 2050, but says the cost of the system as it transitions towards more renewables will still increase to $128 billion.

    Cost estimates for new poles and wires projects have surged by up to 100 per cent since 2024, while the timing for building them has also been pushed out after extensive consultation for the operator’s draft 2026 blueprint for the power grid.

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