Supply

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 …
Read More

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 …
Read More

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 …
Read More

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 …
Read More

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 …
Read More

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 …
Read More

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 …
Read More

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 …
Read More

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 …
Read More

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 …
Read More