Edition:
India

Sonali Paul

Shell weighs sale of $2 billion-plus stake in Queensland LNG facilities

1:58pm IST

MELBOURNE/SYDNEY Royal Dutch Shell is considering raising more than $2 billion from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Australia, according to a sale flyer reviewed by Reuters.

Philippines firm bids $535 million for Australia's Infigen Energy

8:49am IST

MELBOURNE/BANGALORE Philippine conglomerate Ayala Corp has made a bid worth A$777 million ($535 million) to buy Infigen Energy, pouncing on the Australian renewables company at a time when wind and solar firms are battling falling power prices.

Australia pins hopes on elusive gas panacea for climate, economy woes

4:56am IST

MELBOURNE Australia is working on plans for a gas-driven recovery from COVID-19 that will help the country adapt to a low-carbon future, with the conservative government tiptoeing away from its vocal support for coal.

Oil prices inch up ahead of OPEC+ meeting on extended output cuts

02 Jun 2020

MELBOURNE Oil prices crawled higher on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week.

Oil prices hold ground ahead of OPEC+ meeting on extended output cuts

02 Jun 2020

MELBOURNE, June 2 Oil prices rose in early trade on Tuesday, with traders waiting to see whether major crude producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week.

Oil drops as surprise U.S. stock build douses demand recovery hopes

28 May 2020

MELBOURNE/SINGAPORE Oil prices slid for a second consecutive session on Thursday as U.S. industry data showed a steep and surprising build-up in crude stockpiles, dampening hopes of a smooth demand recovery as the world begins to ease its way out of coronavirus lockdowns.

Oil drops on worse than feared rise in U.S. fuel stocks

28 May 2020

MELBOURNE, May 28 Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recovery in demand from coronavirus lockdowns.

Australia drops probe of journalist over use of classified documents

27 May 2020

MELBOURNE Australian police have dropped their investigation of a News Corp journalist over the disclosure of a national security document in 2018, citing a lack of evidence.

Oil climbs as suppliers stick to output cuts, coronavirus lockdowns ease

26 May 2020

MELBOURNE, May 26 Oil prices rose on Tuesday on clear signs that producers are sticking to commitments to cut crude supply as more cars get back on the road with coronavirus lockdowns easing around the world.

Australian court rejects BP bid to sack worker over Hitler meme

22 May 2020

MELBOURNE Australia's Federal Court on Friday tossed out a bid by BP Plc to fire a worker at its Australian refinery for mocking management online during tense wage talks using a well-known meme of Hitler.

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