EnergyQuest has just released its March 2023 EnergyQuarterly report with comprehensive analysis and data for the December Quarter, 2022 together with many statistics and analysis for January and and February 2023. A major theme of this report is the federal government’s proposed takeover of the east coast gas market, throwing out the OECD gas market rule book with a move to […]
EnergyQuarterly December 2022: Looming e...
EnergyQuest has just released its December 2022 EnergyQuarterly report with comprehensive analysis and data for the September Quarter, 2022 together with many statistics for October and into November. The federal government is poised to intervene in the east coast gas market. The report has a deep dive into the issues. Moves to cap gas prices would not only […]
EnergyQuarterly September 2022: Please c...
EnergyQuest has just released its September 2022 EnergyQuarterly report with comprehensive analysis and data for the June Quarter, 2022 together with many statistics for July and into August. There seem to be energy crises all around the world at present, driven by freak weather, the Ukraine war, COVID and botched decarbonisation. Global gas prices have outrun oil on an energy-equivalent basis. […]
Russia, oil and petrol prices
I’ve been getting questions about oil and petrol prices and the role of Russia. For what it’s worth here is my take. The Brent oil price yesterday was US$132.33 per barrel (8 March) and Australian ULP petrol prices are passing $2/litre. Q. Why are oil prices shooting up? A. The oil market was very tight […]
Victorian spot gas price hits 5-year hig...
The Victorian spot gas price hit $20 per gigajoule (GJ) on Tuesday afternoon, the highest price since 27 June 2016, five years ago. Other east coast prices were also high, $18.20/GJ at the Wallumbilla hub, $15.44/GJ in Sydney, $14.79/GJ in Adelaide and $14.39/GJ in Brisbane. Factors driving the surge in prices include strong winter gas […]