Australialng

Australia's offshore regulator investigates Inpex over claims of using unqualified workers during LNG strikes.

Inpex’s Ichthys LNG operations face major disruptions as the Offshore Alliance escalates strike action in Western Australia.

South Korea’s KOGAS accuses the Albanese government of breaking its LNG contract promise.

BP has agreed to sell a 5% stake in Western Australia’s Browse liquefied natural gas project to South Korea’s GS Energy.

Oil pared gains on a report that the US and Iran have reached a preliminary agreement to extend the ceasefire between the two countries and launch negotiations on the Islamic Republic's nuclear program. The memorandum of understanding would extend the truce by 60 days and states that shipping through the vital Strait of Hormuz would be "unrestricted," without any tolls paid to Iran, but the potential pact still requires President Trump's approval, Axios reported. Trump wants several days to mull over the deal, according to the report. An agreement to extend the truce would represent a diplomatic breakthrough and potentially bring the US and Iran closer to reopening normal maritime traffic through the strait, which usually carries around a fifth of the world's oil and liquefied natural gas supply. For more, we speak with Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence.

A looming energy crisis has been temporarily averted after a prominent Australian union group called off planned industrial action.

Alberta Premier Danielle Smith discusses plans for a new pipeline to the west coast of Canada and expects Asian firms will invest. She speaks with Katie Greifeld on "Bloomberg The Close."

Shell is entering an 'inflection point' according to CEO Wael Sawan as it faces rising pressure on supply from the conflict in the Middle East and growing demand for energy. Sawan discusses the company's latest M&A and the global energy crunch with Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Albanese guarantees existing LNG contracts will remain exempt from new export taxes, prioritising Australia’s reputation as a reliable energy partner amid budget talks.

Patrick George, Global Head of Markets and Securities Services at HSBC, says disruptions from the Iran conflict will continue to put pressure on energy markets. However, he says the financial sector is well equipped to navigate the uncertainty, while gold as an asset class for diversification is likely to trend higher.