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Australia to fund 10 diesel storage facilities
1 week ago

Australia to fund 10 diesel storage facilities

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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Latest Geelong region business news for the week of July 12, 2021
1 week ago

Latest Geelong region business news for the week of July 12, 2021

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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Morrison government fortifies nation’s fuel security with $260m investment
1 week ago

Morrison government fortifies nation’s fuel security with $260m investment

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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Union threat to ‘cripple’ food and fuel supplies
1 week ago

Union threat to ‘cripple’ food and fuel supplies

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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Viva, Caltex warn of risks to refineries without government support
1 year 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
1 year 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
1 year 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
1 year 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
1 year 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
1 year 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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