R/€ = 19.62 Change: 0.02
R/$ = 17.63 Change: -0.01
Au 1626.15 $/oz Change: 4.67
Pt 741.50 $/oz Change: -6.05


Opec+ on brink of failure as Russia resists deeper oil cuts

By: Bloomberg     6th March 2020 Russia resisted pressure from its Opec allies to make deeper production cuts, pushing the cartel’s high-stakes diplomatic gamble to the brink of failure and sending prices plunging. Energy Minister Alexander Novak arrived from Moscow on Friday morning and told fellow ministers that he favored... 

Germany moves into hydrogen with lessons from Opec, Russia 

By: Bloomberg     3rd March 2020 Germany is taking its first steps to build an economy based on hydrogen instead of fossil fuels, seeking to deliver both green growth and to avoid being trapped by a small cartel of suppliers. Ministers have been quietly lining up deals with nations including Nigeria that might produce hydrogen... 

Fuel prices projected to fall as coronavirus fears impact global oil price – AA

By: News24Wire      28th February 2020 The Automobile Association (AA) has said that motorists can expect "substantial fuel price reductions" next month, in part due to falling world oil prices as coronavirus fears impact global economic activity. "The impact of the novel coronavirus outbreak on global economic activity cannot be... 

Miners welcome Indonesia's new jobs bill that could spur coal growth

By: Reuters     18th February 2020 Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that the changes could underpin an expansion in polluting coal and threaten environment protection. President Joko Widodo's sprawling "Job Creation" bill... 

BHP approves Scarborough feasibility

By: Esmarie Iannucci     13th February 2020 Diversified major BHP on Thursday announced a decision to progress the Scarborough gas development, offshore Western Australia, into the feasibility study phase. BHP in 2016 sold a 50% stake in the undeveloped Scarborugh gas field to Australian oil and gas major Woodside Energy for an initial... 

Keith Pitt appointed as new Australian Resources Minister

By: Esmarie Iannucci     6th February 2020 The Australian resources sector has welcomed the appointment of Keith Pitt as the new federal Minister for Resources, Water and Northern Australia, following the resignation of Matt Canavan earlier this week. The Minerals Council of Australia’s CEO Tania Constable on Thursday said that the... 

Federal and NSW govts strike gas deal

By: Esmarie Iannucci     31st January 2020 The Australian Petroleum Production & Exploration Association (Appea) has welcomed an agreement between the federal and New South Wales governments to facilitate increased gas supply, lower emissions and a more stable power supply. Prime Minister Scott Morrison on Friday announced a landmark... 

Morrison urges more gas extraction

By: Esmarie Iannucci     30th January 2020 The Australian Petroleum Production and Exploration Association (Appea) has welcomed comments by Australian Prime Minister Scott Morrison on the need for greater use of natural gas as Australia. Speaking at the National Press Club, in Canberra, Morrison said that in order to secure lower energy... 

Opec may meet sooner as coronavirus puts oil demand at risk

By: Bloomberg     30th January 2020 The Organisation of Petroleum Exporting Countries (Opec) is considering pushing forward a meeting initially scheduled for March, according to Algeria’s energy minister, after oil prices slumped on concern that the spread of coronavirus would hurt oil demand. Mohamed Arkab said the producer... 

BC has a new energy and mines Minister

By: Creamer Media Reporter      27th January 2020 British Columbia Premier John Horgan has appointed Bruce Ralston as Energy, Mines and Petroleum Minister, replacing Michelle Mungall, who has moved to the role of Jobs and Economic Development Minister. The Association of Mineral Exploration British Columbia has welcomed the appointment and said... 

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