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International

Sonali Paul

Oil slips again on surging U.S. dollar, but holds above $70

Jun 17 2021

MELBOURNE, June 18 Oil prices fell for a second consecutive day on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but were nevertheless on track to finish the week flat - only slightly off multi-year highs.

Power plants can kickstart Australia's hydrogen economy, GE says

Jun 17 2021

MELBOURNE Interest in using hydrogen in gas-fired power plants is growing in Australia, where one project last month got the go-ahead, which could drive early demand for green hydrogen, General Electric Co executives said.

Australia looks to spur offshore carbon storage

Jun 16 2021

MELBOURNE Australia asked companies on Wednesday to nominate offshore acreage they want to explore for places to bury carbon dioxide, part of a government drive to promote carbon capture and storage (CCS) to help cut emissions.

UPDATE 1-Australia's top exporting state calls for reset in China ties

Jun 15 2021

MELBOURNE, June 15 Australia's biggest exporting state on Tuesday urged Canberra to stop antagonising China, the country's top trade partner, in remarks that came amid escalating criticism of Beijing led by the United States, Australia's main ally.

Australia should turn into a carbon-offset powerhouse, says Santos CEO

Jun 15 2021

MELBOURNE Australia, the world's biggest exporter of coal and liquefied natural gas, should view decarbonisation not as a threat but as an opportunity to create a "new, large-scale industry" in carbon offsets, Santos CEO Kevin Gallagher said on Tuesday.

Australia's top exporting state calls for reset in China ties

Jun 15 2021

MELBOURNE Australia's biggest exporting state on Tuesday urged Canberra to stop antagonising China, the country's top trade partner, in remarks that came amid escalating criticism of Beijing led by the United States, Australia's main ally.

Oil trims gains, but heads for third weekly rise on demand recovery

Jun 10 2021

MELBOURNE, June 11 Oil prices slipped on Friday but were set for their third weekly rise on expectations for a recovery in fuel demand in Europe, China and the United States as rising vaccination rates lead to an easing of pandemic curbs.

Australia faces climate pressure with EU carbon tariff threat - study

Jun 10 2021

MELBOURNE (Reuters) -Australia's conservative government should give up its outright rejection of carbon tarrifs and instead work to make them fairer and more effective, a think tank said on Friday.

Australia faces climate pressure with EU carbon tariff threat - study

Jun 10 2021

MELBOURNE, June 11 Australia's conservative government should give up its outright rejection of carbon tarrifs and instead work to make them fairer and more effective, a think tank said on Friday.

Oil rises for second day on signs of strong fuel demand recovery

Jun 08 2021

MELBOURNE, June 9 Oil prices rose for a second day on Wednesday on signs of strong fuel demand in Europe, while the prospect of a near-term return of Iranian oil supply faded as the U.S. secretary of state said sanctions against Tehran were unlikely to be lifted.

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