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Oil prices soar amid fears of war after drone strikes wipe out half of Saudi Arabia’s crude production
3 days ago

Oil prices soar amid fears of war after drone strikes wipe out half of Saudi Arabia’s crude production

Oil prices surged by almost 20 per cent on Monday after two drone attacks wiped out more than half of Saudi Arabia’s crude supply.

The price of Brent crude jumped by nearly 20 per cent …
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Australia well supplied for oil: Institute of Petroleum CEO
3 days ago

Australia well supplied for oil: Institute of Petroleum CEO

One of Australia’s peak petroleum bodies says the nation does not need its own strategic oil stock reserves, despite the bombing of several Saudi Arabian oil stations.

Energy Minister Angus …
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Australia will need more petroleum imports, but where will we get them from?
1 month ago

Australia will need more petroleum imports, but where will we get them from?

Since 2003, Australia has become heavily reliant on oil imports as demand rises but four refineries closed and none have replaced them.

The most recent Australian Bureau of Statistics estimates …
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Low fuel stocks endangering Australia’s economy and security
1 month ago

Low fuel stocks endangering Australia’s economy and security

FOR SOME TIME now there have been rumblings in the media about how low the nation’s fuel reserves have been allowed to get to. I first read about it over 18 …
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Fuel deal won’t lessen risk of pumps running dry
2 months ago

Fuel deal won’t lessen risk of pumps running dry

Energy Minister Angus Taylor has announced that the government is negotiating to buy millions of barrels of oil from America’s fuel reserve under an emergency strategy to lower the risk …
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Australia looks to access US fuel reserves to shore up supplies amid Persian Gulf tensions
2 months ago

Australia looks to access US fuel reserves to shore up supplies amid Persian Gulf tensions

Australia is eyeing off the United States’ tightly guarded fuel reserve as it seeks to overcome having less than a third of the stocks it should.

It comes as Australia …
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Australia urged to move away from oil dependency or risk fuel supply crisis
2 months ago

Australia urged to move away from oil dependency or risk fuel supply crisis

Australia should dramatically decrease its oil use to ward off a potential crisis by tightening fuel-efficiency standards, introducing electric vehicle targets and increasing public transport use, the Australia Institute has …
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Liquid fuel security vital for industry: NatRoad
5 months ago

Liquid fuel security vital for industry: NatRoad

Ensuring that Australia has an adequate, appropriately costed and reliable supply of diesel fuel must be a Government priority, according to the National Road Transport Association (NatRoad).

Without access to …
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Australia’s poor petrol quality diminishes our potential to reduce emissions
5 months ago

Australia’s poor petrol quality diminishes our potential to reduce emissions

Consumers can keep filling up with low-quality standard grade fuel but Australia’s vehicle fleet won’t benefit from new emissions technologies under the federal government’s secretive decision to allow oil companies …
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Liberals dumped electric car excise probe due to political fears
6 months ago

Liberals dumped electric car excise probe due to political fears

The Coalition government dumped plans to examine a road-user charge because of fears of a political backlash, it has emerged.

As the government mounts a full-blown attack on Labor’s plan …
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