World

Iran has discovered a new oil field with reserves estimated at more than 50 billion barrels, increasing the country’s total reserves by a third – and it has the potential to alter …
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OPEC, one of the top oil producing groups in the world, issued the 13th edition of its World Oil Outlook, which provides an in-depth review of how OPEC views the …
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Marketers who retail gasoline and diesel just concluded their best first half of any year in the modern era, according to data compiled by Oil Price Information Service (OPIS). The …
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Oil futures rallied Thursday, with U.S. prices scoring their highest settlement this month and posting their biggest one-day gain so far this year, after Iran shot down a U.S. military …
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Even before two oil tankers were attacked in the Gulf of Oman this week, retired major-general and reluctant outgoing senator, Jim Molan, was raising concerns about Australia’s fuel reserves.

Since 2012, …
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The International Energy Agency’s (IEA) latest global oil outlook, released on Monday night, predicts America’s oil and gas boom will see it become a net exporter by 2021 with profound …
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Australia’s cheap, dirty petrol ranks among the worst of the OECD nations, yet the peak industry body representing Australian petrol refiners has rejected the criticism, saying the industry should be …
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Experts are predicting an agreement to cut oil supply will be reached at next week’s OPEC meeting, which should help stabilise a market that has seen prices plummet in the last …
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The Organization of the Petroleum Exporting Countries has seen the future and — you may want to sit down for this — it involves more cars. Just not as many cars …
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Anyone who drives realises that petrol has become more expensive this year — a lot more expensive.

Figures from the Australian Institute of Petroleum, released by CommSec, show that average …
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