Energy
Cycling to work, staying home, cutting school hours: How the world is handling the fuel crisis
Australia is considering “light touch” ways to conserve fuel, while other nations are already taking drastic measures to curb their use of petrol.
- Nick Toscano
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- Inflation
Inflation on track to rise past 5 per cent by June with businesses to go bust in record numbers
Inflation was starting to stabilise before the outbreak of the war in Iran, and Treasurer Jim Chalmers says the end of the conflict cannot come soon enough for the economy.
- Shane Wright
Fuel supply heads for cliff at end of April as petrol prices in Australia hit record highs
Asian fuel refineries are running down their inventories, raising unanswerable questions about Australia’s fuel security.
- Mike Foley and Nick Toscano
Santos halts gas exports from Darwin amid global energy scramble
The oil and gas giant has been forced to suspend shipments from a key Australian gas-export terminal just as the war in Iran ignites demand and prices.
- Nick Toscano
- Opinion
- Middle East at war
The war may be over soon, but its damage will stay with us for years to come
The global economy, faced with higher energy costs and interrupted energy supply, has limited flexibility to blunt the aftershocks of the Iran war.
- Stephen Bartholomeusz
Economic carnage ‘worse than ’70s’ as PM admits ‘stable, predictable world’ is gone
International Energy Agency chief Fatih Birol has warned that governments have failed to inform their citizens of the scale of economic damage being wrought by the Iran war.
- Mike Foley
Household electricity prices to fall as much as 10% after green energy surge
The regulator has proposed the steepest reductions in electricity prices for households since 2022, but the outlook remains clouded by the war in Iran.
- Nick Toscano
- Opinion
- Interest rates
‘Nobody knows’: Trump has left an old foe in the dark
Federal Reserve chair Jerome Powell has effectively acknowledged that the central bank hasn’t a clue what the impact of the Iran war might mean for the US economy.
- Stephen Bartholomeusz
- Opinion
- Middle East at war
Trump’s war is wreaking more havoc than you think
Oil and petrol prices get most of the headlines, but the economic damage inflicted on the world is much more widespread, and will last longer.
- Stephen Bartholomeusz
- Opinion
- Middle East at war
Trump is holding the world hostage
The globe’s leading central banks, including Australia’s RBA, are meeting this week and face a dilemma they have been desperate to avoid.
- Stephen Bartholomeusz