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Australia Considers Emergency Powers To Protect Domestic Gas Supply
Australia Considers Emergency Powers To Protect Domestic Gas Supply
Authored by Tsvetana Paraskova via OilPrice.com,
Australia’s government intends to consider using emergency powers to protect domestic natural gas supply in case of a shortfall on its east coast in the third quarter of 2026.
The potential consideration of using such powers would be part of the steps the Albanese Government is taking to secure domestic gas supplies for Australian households and industry as the Middle East conflict disrupts global energy markets.
Australian Minister for Resources, Madeleine King, has given notice of her intention to consider...
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Oct 1, 2026 / Kyle Anzalone
US Threatens Diesel Export Ban to Germany, France If They Don’t Draw Down Domestic Reserves
The White House is threatening NATO allies Germany and France for refusing to release diesel fuel from their emergency inventories. “US officials said France and Germany could be cut off from future US diesel exports. Reuters first reported the US threat to its allies on Thursday after speaking with three people familiar with the discussions. A […]
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Jul 7, 2026 / Tyler Durden
Russia's Oil Windfall Vanishes As Urals Crashes To $42 A Barrel
Russia's Oil Windfall Vanishes As Urals Crashes To $42 A Barrel
By Charles Kennedy of OilPrice.com
Russian crude oil prices have fallen back to where they were before the Middle East war, with its flagship Urals averaging just $41.66 a barrel during the first three days of July.
The drop wipes out the revenue boost Moscow received from the conflict and pressures a federal budget that assumes oil prices of about $59 a barrel.
Urals had averaged more than $59 a barrel every month since March and climbed to $60.92 in June after...
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May 16, 2026 / Emanuele Schilirò
Rerum Novarum: A Catholic Defense of Private Property
Those who use Catholic social teaching to defend socialism forget Pope Leo XIII’s Rerum Novarum, published in 1891, which strongly condemned socialism and defended private property.
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