Just in:  

You are here: Home»Markets»Energy»Australia



Australia's North West Shelf LNG launches 5-cargo tender MILAN: Australia's North West Shelf liquefied natural gas (LNG) export plant on Monday launched a tender to sell at least five cargoes from April, a source with direct knowledge of the matter said.The 16.3 million tonne per year capacity plant expects to sell the supply in two tranches with final bids for the cargoes due by Jan. 26, the source said.The unexpected tender signals a delay of around three months to reforms of how NWS will market supply, which will see the plant's six stakeholders be allowed to market their equity share of spot cargoes directly.NWS puts the spot supply up for grabs in an open tendering process, in which stakeholders compete with other companies to purchase supply.The six stakeholders are BHP Billiton, BP, Chevron, Japan Australia LNG, Shell and Woodside, which operates the plant.The facility launched a separate tender to sell three cargoes on Jan. 5, bids for which ...

Australia shares extend rally in thin trade, energy & mining firms lead SYDNEY/WELLINGTON: Australian shares built on last week's rally, climbing 1.2 percent on Monday in a holiday-shortened week, led by gains in energy and mining companies after oil surged on Friday. Activity was likely to be thin this week, with many investors away for Christmas and the run-up to New Year's holiday. By 0149 GMT, the S&P/ASX 200 index was up 62.95 points to 5,401.6 in light trade. The benchmark advanced 2.5 percent on Friday, the ...
Australia's Woodside invests in LNG projects, delays Browse decision SYDNEY: Shares in Woodside Petroleum jumped on Wednesday following the Australian energy producer's decision to pay US$2.75 billion to acquire stakes in liquefied natural gas projects from US firm Apache.The deal came as Woodside delayed a decision Tuesday to invest in the Browse gas-export project off Western Australia to take advantage of lower costs for the multi-billion-dollar venture.The oil and gas giant closed 3.02 percent higher to Aus$35.50 (US$28.93) on Wednesday. It fell 2.6 percent ...
Australia shares seen opening down for 5th session on oil, budget woes SYDNEY: Australian shares are likely to fall for a fifth straight session on Monday as investors mull a plunging oil price, Chinese economic slowing, and what is expected to be a wider than expected forecast domestic budget deficit.In a mid-year review, Australian Treasurer Joe Hockey is expected to reveal that the budget deficit for the year to June 30, 2015 will blow out by about A$5 billion ($4.2 billion) to nearly A$35 billion.Hockey is expected ...
Australia shares post biggest drop in a week; energy, resources slump SYDNEY: Australian shares dropped 1.7 percent on Tuesday on a broad-based sell-off as renewed concerns about global growth, sinking oil prices and declining business confidence at home kept buyers at bay. The S&P/ASX 200 index fell 90 points, the biggest drop in a week, to 5,321.8 at the close of trade. On Monday, the index rose 0.7 percent. Energy stocks Sundance, Santos and Drillsearch took a beating as oil slumped to near 5-year lows while ...
Oil reaches new depths, rush to safety rescues yen SYDNEY: Oil prices skidded to fresh five-year lows on Tuesday, pressuring commodity-linked currencies and most Asian shares as a bout of risk aversion rippled through world markets. The urge for safety gave a rare boost to the Japanese yen which notched up particularly large gains on the beleaguered Australian and New Zealand dollars. Much of the action was in oil where a glut of supply has seen prices fall for almost six months now, so ...
Australia shares shake off weak Wall St, end higher on oil, gold gains SYDNEY: Australian shares shook off a weak lead from Wall Street and recovered some of their recent losses on Tuesday, as rebounding oil and metals prices drove a relief rally in resources firms. The S&P/ASX 200 index added 1.4 percent or 73.58 points to 5281.3, clawing back some of the 3.6 percent it lost in the previous two sessions. New Zealand's benchmark NZX 50 index ended flat, rising 0.4 points to finish the session at ...


Index Closing Chg%
Arrow DJIA 17,191.37 1.13
Arrow Nasdaq 4,638.00 0.93
Arrow S&P 2,002.16 1.35
Arrow FTSE 6,825.94 0.21
Arrow DAX 10,710.97 0.78
Arrow CAC-40 4,610.94 0.29
Arrow Nikkei 17,795.73 0.15
Arrow H.Seng 24,861.81 0.22
Arrow Sensex 29,559.18 0.04

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln