Energy

Chris Bowen has formally asked the Australian Energy Market Commission to rewrite the National Electricity Rules so new data centres bring their own renewable supply. Queensland refused to endorse the framework, and the NT is weighing a gas-fed campus.

Shell posted a quarterly profit of $9.84 billion, more than double the $4.26 billion recorded in the same period a year earlier, making it the company's second-highest quarter on record. The figures came out of Shell's second-quarter results webcast on 30 July 2026.

Eraring Power Station was supposed to be a solved problem. Origin Energy submitted notice to the Australian Energy Market Operator on 17 February 2022 to retire the 2.88 GW Lake Macquarie facility as early as August 2025, a full seven years ahead of its original 2032 schedule.

More than 50 ships headed for Australian terminals as demand surges 30 per cent. Farmers urge supermarkets to absorb fuel cost pressure.

Treasury is modelling the effects of a flat 25% levy on gas exports. The gas industry warns it would 'stop investment' and worsen energy security.

Flight Centre reports a 34% spike in European trip cancellations as airfares surge following the Iran conflict.

An unprecedented supply disruption in the Persian Gulf is pushing Brent crude above $92 a barrel. Australian petrol prices are rising, and ASX energy stocks face a choice between windfall earnings and long-term portfolio risk.