Shares in the ASX’s energy and utilities stocks fell on Tuesday after oil prices slipped, and lithium stocks also tumbled on speculation of weaker demand out of China.P/ASX 200 eased 0.1 per cent or 4.7 points, to 7141.6. All ords also dipped 0.1 per cent or 4.8 points to 7345.4.
Beach Energy dropped 2.8 per cent to $1.735, Woodside Energy eased 1.4 per cent to $38.52 and Santos shed 0.3 per ent to $7.43.The mood for lithium soured on weaker sentiment out of China amid disappointing economic data. Core Lithium led losses with a 15.8 per cent tumble to $1.57, Allkem dived 12.4 per cent to $14.25 and Pilbara Minerals plunged 8.7 per cent to $4.83. Liontown, Mineral Resources and IGO also fell sharply.
Shares in ailing power giant and largest Australian carbon emitter AGL slipped 1.2 per cent to $7.61 after shareholders elected all four of Mike Cannon-Brookes’ proposed directors to the company board,
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gas vs green jobs: Major parties put energy into campaignsThe Coalition and Labor both focused on energy supply and cost of living at their formal campaign launches to party faithful on Sunday, 13 days before Victorians head to the polls. | Rachel Eddie auspol victorianelection springst Gas lol..that will help climate change and drop bills lol. 13 days? ….. that’s kinda overlooking the fact we can go to the polls first thing tomorrow morning. Early voting is very popular for a good reason The opposition can get fracked
Source: theage - 🏆 8. / 77 Read more »
Origin Energy ready to talk CWP with Brookfield, bid date loomsThere’s so much to see at Origin Energy and so little time for suitors Brookfield and EIG Partners.
Source: FinancialReview - 🏆 2. / 90 Read more »
Does this coal seam gas project really hold the key to our energy future?Plenty of politicians are pointing to the Narrabri Gas Project as a way to boost Australia's gas supply, but there are a few hurdles it needs to clear first. No. CSG pumps over a hundred chemicals into the ground, fractures in the ground leech these chemicals into aquifiers like the Artesian Basin - this is a bad idea Anything is better than useless wind and solar as base-load power .
Source: abcnews - 🏆 5. / 83 Read more »
Origin Energy bidder EIG not fazed by gas threatsThe Washington-based private equity group behind the bid for the electricity company says Australia’s power markets have a lot going for them.
Source: FinancialReview - 🏆 2. / 90 Read more »
Brisbane Airport to be carbon-neutral by 2025 as energy deal takes offBrisbane Airport Corporation has cut a deal to ensure all airport operations – except flights – will be powered by renewable energy in just three years’ time.
Source: brisbanetimes - 🏆 13. / 67 Read more »
Energy tax is not a priority, Chalmers saysTreasurer Jim Chalmers says meetings with foreign peers about the global energy shock have reinforced the need to intervene to reduce power prices, but a tax is not his preference. Taxing carbon is the same as increasing electricity prices. What we need is a credible transition plan to nuclear. price lock would be handy
Source: FinancialReview - 🏆 2. / 90 Read more »