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Australias gas industry lobby group on Sunday called for urgent talks with Prime Minister Anthony Albanese after learning that the governments plan to cap gas prices for one year, announced on...

The head of the Australian Petroleum Production and Exploration Association (APPEA)...

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Oil posted the biggest weekly loss since April as low liquidity fueled big price swings and as restarts for key pipelines alleviated supply concerns. 

Australia has proposed forcing east coast gas producers to fix their sales contracts based on their cost of production plus an agreed profit margin after a one-year price cap expires, sparking...

CNA – Australia has proposed forcing east coast gas producers to fix their sales contracts based on their cost of production plus an agreed profit margin after a one-year price cap expires, sparking furious condemnation from the industry yesterday. The government has set a December 15 deadline for comments on the plan to effectively limit […]

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"National Cabinet must avoid the temptation of radical market interventions that risk future energy security and lead to higher prices for households and businesses down the track," APPEA Chief Executive Samantha McCulloch said in a statement before the national cabinet met. The Australian Industry Group welcomed the price caps but said they were not the best solution.

Australia will impose a cap on domestic energy prices and provide as much as A$1.5 billion ($1 billion) in energy bill relief to ease cost of living