Oil and Gas

Sri Lanka has introduced a shorter work week for people to use less fuel amid the ongoing Middle East war. 

After capturing Venezuela's President Nicolas Maduro, the US is now focused on reviving the country's oil industry. But who will be the beneficiaries?

The Reserve Bank has lifted interest rates by 0.25 percentage points as the war in the Middle East sends oil, gas, and petrol prices soaring.

Foreign Correspondent goes inside Venezuela's oil regions, where boom towns have gone bust, leaving behind a shattered industry that needs billions to reboot.

Farmers welcome a rule change that allows road trains to deliver more fuel to regional areas, but say it does little to address the overall supply problem.

Experts say Australians should prepare for the possibility of widespread fuel rationing if the war in the Middle East is prolonged.

A war in Iran has led to a cost-of-living spike in Australia and as petrol prices rise, interest rates are likely to be next.

Markets are saying a rate hike on Tuesday is a near certainty after the war in Iran caused a surge in oil prices. But is it the best way to deal with exogenous inflation?

The war in the Middle East is beginning to have a tangible impact on the lives of Western Australians. Here's how.

If the instability in the Middle East keeps energy markets volatile, the economic and political consequences will extend far beyond the petrol pump.

Donald Trump says the US has "obliterated" Iran's military assets on the island, but stopped short of attacking other infrastructure.

The federal government's temporary easing of fuel standards will see 200 million litres of "dirty" fuel injected into the domestic market. Should drivers be worried?

Australia's energy watchdog prepares to unveil new power price caps, which will include a tariff offering three hours of free electricity during the day. 

If there ever was a strategy behind Donald Trump's decision to blow up the Middle East, it is lying in tatters as the second week of the Iran war draws to a close.

The country's stockpile of fuel is about to be opened but experts are warning it won't solve the problem of soaring prices or shortage fears.

As fuel costs soar and the global economy reacts to a shortage of oil supplies, we need your help in identifying the impacts here in Australia. Whether it's the cost of your work commute or supply shortages affecting your business, share it with us.

Australia will make available about six days' worth of petrol from its emergency stockpile and five days of diesel, the first use of its fuel reserves since the invasion of Ukraine in 2022.

Drones and missiles have landed on key refineries and depots, destroying millions of barrels of oil production. ABC NEWS Verify maps key locations destroyed or targeted during the war. 

Australia is one of the biggest energy exporters on the planet, as the world's third-largest exporter of LNG and the biggest seaborne supplier of thermal and metallurgical coal. But when it comes to oil the country is horribly exposed.

This week in Canberra the Nationals chose a new leader, the energy minister chose his words carefully and the government chose to avoid one word altogether.