Supply

Australia’s federal government is funding up to A$260mn ($194mn) to build 10 storage facilities following last year’s pledge to assist the expansion of domestic diesel storage capacity by 780mn …
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A more than $60m project to increase diesel storage at the Geelong refinery will result in the Corio site playing an increasingly important role in securing Australia’s fuel supplies.

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A $260m investment will expand Australia’s diesel storage capacity, fortifying the country’s long-term fuel security.

The Morrison government will partially fund 10 projects across the country, which they …
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The Transport Workers Union is threatening to “cripple food and fuel supplies across Australia” by taking strike action in protest at significant changes to pay and conditions proposed by …
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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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