Low oil prices claimed another victim earlier today when Woodside Petroleum, Australia’s leading oil and gas producer, unveiled a $3.92 billion asset-value write-down.
The global shake-out of oil and gas assets has reached Australia with Chevron Corporation planning to sell to sell its 16.7% stake in the country’s original and biggest liquefied natural gas [...]
Here’s an easy fix to the ultra-low oil price; do what Iran has been threatening to do for decades, block the Straits of Hormuz.
Price-rigging, once a globally reviled specialty of the Organization of Petroleum Exporting Countries, has been legitimized by the G20.
After a decade in the freezer the nuclear fuel has suddenly emerged as the mining world’s top performing metal, up 35% in a month, though not because of a sudden surge in demand.
Australia’s biggest oil and gas exporter, Woodside Petroleum, is delaying an estimated $32 billion in project development and maintenance work.