Markets

Executives from major oil companies clashed over the prospects of oil and gas for the future at the first virtual edition of the CERAWeek conference in Houston.

While BP’s Bernard …
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Victoria’s last oil refinery and one of two remaining in Australia has recorded a multi-million dollar loss for the last financial year.

Geelong’s Viva Energy released its 2020 financial year …
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Elysse Morgan speaks to Matt Halliday about the $83.5 million rescue package aimed at keeping Australia’s last two remaining oil refineries open.

watch the video at: https://www.abc.net.au/news/programs/the-business/2021-02-23/ampol-boss-refuses-to-rule-out-lytton-oil-refinery/13185254

Extracted in full …
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Viva Energy’s Corio refinery may soon be the only only left in Australia after Ampol’s Lytton refinery in Brisbane unveiled a $145 million loss for 2020.

The news has prompted …
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Ampol may need more than double the interim subsidy of 1¢ a litre to keep its Brisbane refinery running after a $145 million loss at the plant last year, which …
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A heavy loss at its only refinery saw Ampol suffer a 38 per cent dive in benchmark profit as the petrol and diesel supplier continues a review of the plant …
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Australian refiner and transport fuel marketer Ampol expects a modest rise, or possibly a slight fall, in Australian fuel sales in 2021 against last year with the impact of the …
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Ampol boss Matt Halliday has called for a nationally consistent approach to managing future COVID-19 outbreaks, warning that short, sharp lockdowns of states and cities are undermining the economic recovery …
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Scott Wyatt has a big decision to make. He could be the last hope for keeping Australia’s oil refinery industry running.

The boss of Viva Energy — which runs 1250 …
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The listed petrol station fund run by APN Property completed a steady run of acquisitions during the 2021 first-half in the midst of the pandemic disruption, boosting earnings and allowing …
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