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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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 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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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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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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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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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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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 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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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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