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World

Woodside set to swoop on distressed assets
4 weeks ago

Woodside set to swoop on distressed assets

Woodside Petroleum has signalled its desire to hunt down distressed oil and gas assets around the globe amid a prolonged energy crash, with the Perth producer open to tapping $7bn …
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OPIS releases first Quarterly Report of Australian Fuels Market (Q1 2020)
1 month ago

OPIS releases first Quarterly Report of Australian Fuels Market (Q1 2020)

This week saw the release of the Oil Price Information Service’s (OPIS) first Quarterly Report for the fuel supply and fuel retail market in Australia. The report provides s series …
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Why petrol prices could be set to drop
7 months ago

Why petrol prices could be set to drop

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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Oil to Remain Critical Cog in Energy Mix: OPEC
7 months ago

Oil to Remain Critical Cog in Energy Mix: OPEC

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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Renaissance Roars on for US Fuel Retailers
11 months ago

Renaissance Roars on for US Fuel Retailers

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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U.S. oil prices score biggest gain of the year on worries of a deepening U.S.-Iran conflict
12 months ago

U.S. oil prices score biggest gain of the year on worries of a deepening U.S.-Iran conflict

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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Could Australia run out of fuel?
12 months ago

Could Australia run out of fuel?

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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Flood of US oil tipped to keep lid on petrol prices
1 year ago

Flood of US oil tipped to keep lid on petrol prices

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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‘Among the worst in OECD’: Australia’s addiction to cheap, dirty petrol
1 year ago

‘Among the worst in OECD’: Australia’s addiction to cheap, dirty petrol

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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OPEC meeting expected to reverse the oil price plunge
1 year ago

OPEC meeting expected to reverse the oil price plunge

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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