Energy

Energy classifies a variety of coal, oil, and gasoline derived commodities. These include energy sources as coal, Brent Sea oil, gasoline, heating oil, and natural gas. Uranium is also included in this category given its use in the global nuclear energy industry. (Source; Financial dictionary website, 2019)

These commodities are essential in daily life and accordingly many consumers are often aware of price fluctuations given their impact on fuel for heating and transport.

Australia is a small producer of oil but both LNG (second largest exporter) and uranium (third largest exporter) are important contributors to Australia’s export performance. (Source; DFAT, 2018)