Image

Markets

Big Oil Clashes Over Fossil Fuel Future
4 days ago

Big Oil Clashes Over Fossil Fuel Future

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 …
Read More

Geelong’s Viva Energy records $95 million loss for oil refinery
1 week ago

Geelong’s Viva Energy records $95 million loss for oil refinery

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 …
Read More

Ampol boss refuses to rule out Lytton oil refinery closure
2 weeks ago

Ampol boss refuses to rule out Lytton oil refinery closure

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 …
Read More

Corio refinery may be last one standing
2 weeks ago

Corio refinery may be last one standing

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 …
Read More

Bigger subsidy needed to save Ampol refinery
2 weeks ago

Bigger subsidy needed to save Ampol refinery

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 …
Read More

Ampol hit by refining loss
2 weeks ago

Ampol hit by refining loss

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 …
Read More

Ampol forecasts modest rise in Australian fuel demand
2 weeks ago

Ampol forecasts modest rise in Australian fuel demand

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 …
Read More

Ampol seeks ‘consistent’ COVID-19 closure rules as fuel losses spiral
2 weeks ago

Ampol seeks ‘consistent’ COVID-19 closure rules as fuel losses spiral

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 …
Read More

Viva Energy’s Scott Wyatt could be last hope for Geelong refinery
2 weeks ago

Viva Energy’s Scott Wyatt could be last hope for Geelong refinery

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 …
Read More

APN Property fund adds to pool of petrol stations
2 weeks ago

APN Property fund adds to pool of petrol stations

By  •  Retailing, Markets

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 …
Read More