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Viva, Caltex warn of risks to refineries without government support
7 months ago

Viva, Caltex warn of risks to refineries without government support

The heads of two of the country’s remaining four refineries have signalled that their plants could shut down without government support as soft refining margins and a slump in fuel …
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Time to pump up energy security
7 months ago

Time to pump up energy security

For the first time, futures oil prices in North America recently fell into negative territory following a 30 per cent drop in global demand for crude oil and refined petroleum …
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Viva Energy in partial refinery shutdown
7 months ago

Viva Energy in partial refinery shutdown

Viva Energy will partly shut down its refinery in Geelong in the latest move among the country’s fuels suppliers to ease a surplus of petrol caused by the drastic reduction …
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Almost three dozen oil tankers surround California with nowhere to go
8 months ago

Almost three dozen oil tankers surround California with nowhere to go

Oil tankers carrying enough crude to satisfy 20 per cent of the world’s daily consumption are gathered off California’s coast with nowhere to go as fuel demand collapses.

Almost three …
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Australia’s fuel reserve in US is a mistake
8 months ago

Australia’s fuel reserve in US is a mistake

THE Australian Government’s decision to establish its fuel reserve in the United States is a serious strategic error, Chair of the Australian Trucking Association, Geoff Crouch, said.

“The move to …
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Refiners struggle with fuel slump
8 months ago

Refiners struggle with fuel slump

Australia’s capacity to refine crude oil is set to hit a fresh low this year as its four remaining refiners juggle an extreme drop in demand for jet fuel, a …
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Oil price war ends with historic OPEC-plus deal to cut output
8 months ago

Oil price war ends with historic OPEC-plus deal to cut output

The world’s top oil producers have pulled off a historic deal to cut global petroleum output by nearly a 10th, putting an end to the devastating price war between Saudi Arabia and Russia.

After …
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ACCC bites the bullet on fuel security
8 months ago

ACCC bites the bullet on fuel security

LAST week the Australian Competition Consumer Commission relaxed competition regulations designed to stop price gouging at the bowser to ensure the oil and gas industry stayed afloat, as businesses battle …
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Australia’s fuel reserves ‘holding up’ in coronavirus pandemic
8 months ago

Australia’s fuel reserves ‘holding up’ in coronavirus pandemic

Australia’s fuel stocks are holding up despite COVID-19 pressures on global and local supply chains with measures being put in place to ensure reserves are maintained during and beyond the …
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Caltex to extend planned refinery shutdown
8 months ago

Caltex to extend planned refinery shutdown

Takeover target Caltex Australia will bring forward and extend the planned shutdown of Lytton oil refinery to ward off an expected hit to refining due to the pressures on demand …
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