Australialng

Australian trade unions announced on June 17 an agreement to end strike action at the onshore and offshore Ichthys LNG facilities.

Inpex stated that upcoming industrial action is expected to disrupt production at its Ichthys liquefied natural gas export facilities in Australia.

Australia's Fair Work Commission, has rejected an urgent application by Japanese energy giant Inpex to halt an ongoing strike.

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."