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World

Oil to Remain Critical Cog in Energy Mix: OPEC
1 week 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
4 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
5 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?
5 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
8 months 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
9 months 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
12 months 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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OPEC Takes a Backward View of the Future
1 year ago

OPEC Takes a Backward View of the Future

By  •  World

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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Petrol prices nudge up as oil prices jump
1 year ago

Petrol prices nudge up as oil prices jump

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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Australia to lead BP, Castrol shared services transformation
1 year ago

Australia to lead BP, Castrol shared services transformation

The shared services organisation for BP and Castrol is embarking on a major transformation with Australia and New Zealand to lead in “shaping” the program for global deployment.

The organisation, …
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