Stocks expected to open higher
The Australian stock market is likely to open higher on Monday following gains in commodity prices, including gold, industrial metals and oil, on Friday.The Australian dollar rose to a new 24-year...
AAP -
Sunday May 18, 2008, 3:01 pm
Govt launches underground resource detection device
The Victorian Government has launched a new facility that will help prospectors accurately locate the state's untapped oil, mineral and gas deposits.
The so-called 'three-dimensional...
ABC Business News -
Sunday May 18, 2008, 2:04 pm
Saudi oil output hike would not solve US problems: Bush
SHARM EL-SHEIKH, Egypt (AFP) - US President George W. Bush has said that a hike in oil output by Saudi Arabia would not solve American energy problems."It's not enough; it's something but it...
AFP Finance News -
Sunday May 18, 2008, 1:54 pm
Nigerian oil giant NNPC will become real company: president
ABUJA (AFP) - The Nigerian National Petroleum Company will be transformed from an impenetrable bureaucratic giant into a real privately run company when restructuring is completed next year, says...
AFP Finance News -
Sunday May 18, 2008, 1:51 pm
Oil, fuel prices add to airline turbulence
Australia's aviation sector is flying into uncertain times as oil prices push up fuel costs and seat numbers outstrip passenger demand.
"The domestic market in Australia shows all the signs of a...
ABC Business News -
Sunday May 18, 2008, 11:28 am
Whyalla spends a second night without gas
Thousands of residents in Whyalla have spent another night without gas.
Last night gas company APA Group was working to restore supplies to nearly 3,500 customers who have been cut off since...
ABC Business News -
Sunday May 18, 2008, 7:22 am
Indonesia limits fuel purchases ahead of price rise: report
JAKARTA (AFP) - Indonesia's oil and gas company Pertamina has set limits on subsidised fuel purchases ahead of the government's plans to hike fuel prices, reports said Saturday.In an announcement...
AFP Finance News -
Sunday May 18, 2008, 6:00 am
ECOWAS says rising oil prices a challenge to growth
ABUJA (AFP) - West African regional bloc ECOWAS said Saturday rising world's oil prices is a major challenge to economic growth in the sub-region."Persistently high oil prices which peaked at...
AFP Finance News -
Sunday May 18, 2008, 5:28 am
OPEC output hike would not affect prices: Iran
TEHRAN (AFP) - Major crude oil producer Iran said on Saturday that any output hike by the Organisation of Petroleum Exporting Countries as requested by the United States would not affect...
AFP Finance News -
Saturday May 17, 2008, 8:09 pm
Gas outage 'to continue overnight'
Several thousand businesses and residents in Whyalla could be without gas until tomorrow evening.
A fault in a meter owned by Epic Energy is being blamed for the cut of Whyalla's gas supply....
ABC Business News -
Saturday May 17, 2008, 6:48 pm
Carpenter talks up geothermal energy
Exploration for geothermal energy may begin in Western Australia by the end of the year.
The Government has received 64 expressions of interest since it earmarked land...
ABC Business News -
Saturday May 17, 2008, 4:10 pm
Greens call for solar panel rethink
The Australian Greens want the Federal Government to reverse a decision restricting access to a solar energy rebate.
The Federal budget has increased the number of rebates available, but...
ABC Business News -
Saturday May 17, 2008, 12:29 pm
ACCC asked to investigate alcoholic energy drinks
The Victorian Government has asked the Australian Competition and Consumer Commission (ACCC) to investigate the marketing of alcoholic energy drinks.
The Government has raised concerns that young...
ABC Business News -
Saturday May 17, 2008, 11:00 am
Meter fault blamed for Whyalla gas cut
A faulty gas meter has been blamed for shutting down gas supplies in Whyalla.
The Epic Energy meter broke last night and restricted the amount of gas travelling to homes.
The level became so low...
ABC Business News -
Saturday May 17, 2008, 11:00 am
Saudis reject Bush plea on oil
Saudi Arabia has rejected United States President George W Bush's request for it to pump more oil.
With oil approaching $US130 a barrel, Mr Bush made a personal request to King Abdullah of...
ABC Business News -
Saturday May 17, 2008, 7:05 am
