Energy Sector

‘Soothing’ comments by the US Federal Reserve chair boosted Wall Street and flowed on to the ASX, helped by higher commodity prices.The Australian sharemarket broke a two-day losing streak after a positive lead from Wall Street and stronger…

A potential Russian invasion of Ukraine will likely propel the energy sector even higher, experts say, as it helps the ASX limit losses.The Australian sharemarket closed slightly lower after a weak lead from Wall Street, with most sectors…

The ASX followed the negative lead of US and European markets, with Afterpay and CSL proving major drags.The Australian sharemarket followed US and European markets lower, with tech and healthcare stocks weighing most on the local…

Improved sentiment on global share markets and easing fears about the Omicron variant propelled the ASX firmly into the green.The Australian sharemarket took off like a rocket, recording its strongest result in four straight days of gains,…

The ASX continued its rollercoaster ride, clawing back losses once again in a volatile session, with banks and resources stocks proving the positive backbone.Volatility continued to prevail on the Australian sharemarket, with banks and the…

Stock market investors are being warned to brace for Omicron-induced volatility, despite the local bourse staging a remarkable recovery from an early plunge.The Australian sharemarket went into free fall moments after opening, due to…

Energy stocks were the ‘most improved’ on the ASX for the second straight day after the oil price rose despite a significant announcement about strategic reserves.The Australian sharemarket closed lower after a choppy trading session, with…

Reliance Industries Ltd said it was withdrawing its application before National Company Law Tribunal (NCLT) for the segregation of its oil-to-chemical (O2C) business in the wake of its foray into the new energy sector over the past few…

Concerns have been raised about the long-term effects of the switch to electric vehicles. An international study led by Australians will provide answers.An Australian-led study of electric vehicle use will examine the impact of…

Resources stocks dragged the ASX lower but a new entrant to the sector made a stunning debut, with its share price more than tripling.The Australian sharemarket snapped a two-day winning streak as lower commodities prices hit resources…