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Fuel Security

Fuel reserves to be boosted by 30 days, stored onshore
7 months ago

Fuel reserves to be boosted by 30 days, stored onshore

The federal government will expand domestic fuel reserves under a plan it says will enhance national sovereignty.

Following several years of calls to expand its onshore reserves in an increasingly …
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Fuel move a step in the right direction but Aussie supplies a must
7 months ago

Fuel move a step in the right direction but Aussie supplies a must

AGRICULTURE sector leaders have praised the Federal Government for its push to shore up domestic fuel security but add that having adequate supplies within Australia should always be the goal.


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Energy minister signs US fuel reserve deal
8 months ago

Energy minister signs US fuel reserve deal

Energy Minister Angus Taylor has finalised a petroleum reserve deal with the United States, but it won’t have an impact on bowser prices for Australian motorists.

Mr Taylor signed the …
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United Petroleum in oil reserve storage talks
8 months ago

United Petroleum in oil reserve storage talks

The fuels retailer owned by Melbourne billionaires Avi Silver and Eddie Hirsch has opened talks with the federal government over developing a domestic oil reserve as it embarks on a …
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Improving Australia’s fuel security
9 months ago

Improving Australia’s fuel security

The Australian government has been quick to defend its record on energy security by arguing ‘supply chain resilience has meant that during Covid-19 pandemic, we have not faced shortages’. Despite …
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Viva Geelong refinery future in question ahead of review
9 months ago

Viva Geelong refinery future in question ahead of review

Viva Energy has refused to comment on the future of its Geelong refinery, pending its June review.

Questions over the long term viability of the refinery were raised after reports Viva …
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Canberra, refiners talk fuel security
9 months ago

Canberra, refiners talk fuel security

The federal government has opened talks with Australia’s four refiners over the joint development of a domestic oil reserve to back up supplies held in a strategic facility in the …
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Australia’s police need priority access to fuel in times of crisis
9 months ago

Australia’s police need priority access to fuel in times of crisis

Border closures and reduced trade and commerce have brought to the fore discussions about the risks and benefits of globalisation, and a strong focus on the need to stockpile fuel …
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Oil and water do mix as fuel is stored at sea
9 months ago

Oil and water do mix as fuel is stored at sea

The cost to ship petrol, diesel and jet fuel around the world has soared to record highs as traders look to dodge the commodity price crash by stashing refined oil …
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Australia’s $94m oil purchase: Deal of the century or PR stunt?
9 months ago

Australia’s $94m oil purchase: Deal of the century or PR stunt?

How much oil do you get for $94 million?

With the crude market in turmoil and prices at record lows, the Energy Minister Angus Taylor made his move, purchasing oil …
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