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Finance & Markets

Victorian Labor faces electoral annihilation

If the latest opinion polls are accurate, the Victorian Labor government faces a crushing defeat at November’s state election. The latest Newspoll reported by The Australian suggests Victoria’s political landscape has shifted dramatically ahead of the 28 November election, with the Coalition holding a commanding lead over Labor. Labor’s primary vote has fallen 4 points The post Victorian Labor…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

Read the original at macrobusiness.com.au →

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UK Weighs Scrapping Its Largest Untapped Oilfield With Oil Over $100

Britain is deciding whether to drill its largest untapped oilfield in the middle of an oil shock, with Brent above 100 and more than 70% of its oil already coming from abroad.

  • UK considers abandoning Rosebank oilfield due to oil prices over $100 per barrel.
  • Rosebank could produce 69,000 barrels daily, meeting a tenth of UK's oil output.
  • Environmentalists argue burning Rosebank oil would emit 200 million tonnes of CO2.

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