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Oil Prices Hold Steady Despite Rising Fuel Stocks
4 days ago

Oil Prices Hold Steady Despite Rising Fuel Stocks

Crude oil prices hesitated today after the Energy Information Administration reported an oil inventory draw of 700,000 barrels for the week to November 27 but a sizeable build in gasoline inventories.

At …
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Exxon faces multi-billion-dollar writedown as fossil fuel prices struggle
5 days ago

Exxon faces multi-billion-dollar writedown as fossil fuel prices struggle

HOUSTON (Bloomberg) –Exxon Mobil is about to incur the biggest writedown in its modern history as what was once an exemplar of American capitalist might shudders under the weight of …
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Fuel security fears draw support for refining rescue
5 days ago

Fuel security fears draw support for refining rescue

South Australian independent Senator Rex Patrick has thrown his weight behind the push led by the Australian Workers Union for fast-tracked measures for the embattled oil refining sector amid fears …
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Melbourne petrol prices lift & Used car prices up
6 days ago

Melbourne petrol prices lift & Used car prices up

Melbourne petrol prices lift; Used car prices upCredit card lending falls; ‘Lowflation’Petrol Prices; Used car prices; Private Sector Credit; Inflation

Fuel prices: The national average price of unleaded petrol fell …
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New Mobil-branded service station developments in Port Macquarie set to bring more competition
1 week ago

New Mobil-branded service station developments in Port Macquarie set to bring more competition

 Next chapter: A new service station on the corner of Gordon Street and Munster Street prepares to open.

More choice is imminent in the Port Macquarie service station market.

A …
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OPEC+ likely to extend oil cuts seeing slow fuel demand recovery from vaccines
1 week ago

OPEC+ likely to extend oil cuts seeing slow fuel demand recovery from vaccines

Oil prices climbed to their highest in more than eight months on November 25 fuelled by continuing hopes that energy demand will recover once a COVID-19 vaccine becomes available.

Brent …
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Energy stocks shine as vaccines fuel oil price rally
1 week ago

Energy stocks shine as vaccines fuel oil price rally

Next week’s meeting of the world’s largest oil producers to consider extending supply cuts will be key to whether Australian energy stocks can build on their 30 per cent rally …
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WA service station sells for $5.4m as locals fill up
2 weeks ago

WA service station sells for $5.4m as locals fill up

Melbourne-based investment company Fawkner Property has bought a service station near Mandurah, south of Perth, for $5.4 million.

The 184sq m building plus canopy at 13 Lakes Road, Greenfields, is …
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X Convenience lodges plans for servo on vacant Belair Road block
3 weeks ago

X Convenience lodges plans for servo on vacant Belair Road block

A new service station would be built on an abandoned block in Torrens Park by a company challenging refusal of a similar project in Adelaide’s south.

South Australian family-owned petrol …
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Essential status fuels demand for service stations
3 weeks ago

Essential status fuels demand for service stations

Sales of service stations surged 55 per cent over the past 12 months to more than $600 million as investors flocked to the “essential service” asset class during the pandemic.

Over the …
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