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APN Convenience Retail REIT (ASX:AQR) fills up on petrol stations
4 days ago

APN Convenience Retail REIT (ASX:AQR) fills up on petrol stations

APN Convenience Retail REIT (AQR) has acquired a portfolio of six service stations across Queensland for $59 million.

Through AQR’s responsible entity APN Funds Management — which is subject to a …
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Government scrambles to maintain Australia’s fuel security in Federal Budget
4 days ago

Government scrambles to maintain Australia’s fuel security in Federal Budget

Oil companies to receive large incentives to keep oil refineries open, in an effort to maintain fledgling fuel security.

The Australian Government is pushing to keep the country’s remaining two …
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USA:  ‘Insane’: Major crisis sparks ‘crazy’ scenes at petrol stations
5 days ago

USA: ‘Insane’: Major crisis sparks ‘crazy’ scenes at petrol stations

A major crisis in the US is sparking fears cities will run out of fuel as people stockpile the crucial essential. 

States on the east coast are on edge as petrol stations …
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USA:  Petrol supplies dwindle in US south-east amid pipeline outage blamed on DarkSide cyber attack
5 days ago

USA: Petrol supplies dwindle in US south-east amid pipeline outage blamed on DarkSide cyber attack

Petrol stations from Florida to Virginia have begun running dry, with prices at the pump jumping as the shutdown of the biggest US fuel pipeline by hackers extends to a fifth day. 


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Taxpayers to spend ‘hundreds of millions’ to save last fuel refiners
6 days ago

Taxpayers to spend ‘hundreds of millions’ to save last fuel refiners

Energy Minister Angus Taylor is pushing Australia’s remaining two oil refiners to keep their petrol and diesel operations alive by offering to splash significant taxpayer funds on “production payments” and infrastructure upgrades.


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Australian taxpayers could save $7.8bn a year if diesel fuel rebates scheme was wound back
1 week ago

Australian taxpayers could save $7.8bn a year if diesel fuel rebates scheme was wound back

Weaning fossil-fuel industries off diesel fuel rebates could save Australian taxpayers $7.8bn a year, a move energy experts say would accelerate heavy industry’s pivot towards using renewables.

Winding back old …
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Oil refiners eye higher subsidy as plants hang in balance
1 week ago

Oil refiners eye higher subsidy as plants hang in balance

The fate of Australia’s two remaining oil refineries is expected to predominantly hinge on how much the Morrison government will increase the subsidy for domestic production of petrol and diesel, …
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How 7 Eleven responded to Covid-19 using technology
3 weeks ago

How 7 Eleven responded to Covid-19 using technology

 Eleven is a global success story in the convenience store category. In Australia, the business has over 700 locations. That makes it the retailer with physical stores closest to everyday …
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Australia’s Viva Energy expects $15 mln government aid for refinery
3 weeks ago

Australia’s Viva Energy expects $15 mln government aid for refinery

April 27 (Reuters) – Australian fuel supplier Viva Energy Group VEA.AX said on Tuesday it expects to receive about A$19.6 million ($15.28 million) to keep its Geelong refinery running, as it reported a 17% …
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Steaks and petrol push up consumer prices but COVID weighs on economy
3 weeks ago

Steaks and petrol push up consumer prices but COVID weighs on economy

The Reserve Bank’s plan to hold interest rates at record low levels for the next three years remains on track after a lower-than-expected increase in consumer prices through the March …
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