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oil prices

Iraq drone strike, fuel cycle to take petrol to near-record highs
1 week ago

Iraq drone strike, fuel cycle to take petrol to near-record highs

MOTORISTS are being warned to fill up now as a perfect storm of tightening supply and the Iranian crisis threatens to send fuel prices skyrocketing.

Experts are warning unleaded fuel …
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NatRoad calls for Fuel Tax freeze
1 year ago

NatRoad calls for Fuel Tax freeze

NatRoad say the Morrison Government should freeze the fuel excise as it is unfair on transport operators.

The calls come from the CEO of NatRoad, Warren Clark, and echo those …
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Petrol prices nudge up as oil prices jump
1 year ago

Petrol prices nudge up as oil prices jump

Anyone who drives realises that petrol has become more expensive this year — a lot more expensive.

Figures from the Australian Institute of Petroleum, released by CommSec, show that average …
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Oil prices ease as Trump tweets warning at OPEC
1 year ago

Oil prices ease as Trump tweets warning at OPEC

Oil prices eased on Thursday, slowing an upward surge that had pushed the market toward four-year highs, after U.S. President Donald Trump called on OPEC to “get prices down now!”


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Higher oil prices spells bad news for motorists
2 years ago

Higher oil prices spells bad news for motorists

Weekly petrol prices, Job advertisements, Monthly inflation, CPI reweighting •Petrol: According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol fell by 2.1 cents last …
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Oil up as refineries restart, Irma wanes
2 years ago

Oil up as refineries restart, Irma wanes

Oil prices have risen as key US refineries began restarts following Hurricane Harvey, which may help revive crude oil processing, while fuel prices fell as Hurricane Irma is likely to …
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Lower oil prices will slow electric cars
4 years ago

Lower oil prices will slow electric cars

Robert Gottliebsen, 04 February 2016

The year 2016 is just over a month old but already some of the big assumptions of 2015 have been put in doubt by the …
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Oil prices may dive to $US20 as OPEC ditches quotas
4 years ago

Oil prices may dive to $US20 as OPEC ditches quotas

Robin Pagnamenta, 08 December 2015

Global oil prices could fall as low as $US20 per barrel next year, as OPEC’s decision to abandon a formal production quota exacerbates a bulging …
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BP’s chief economist sees U.S. shale weathering oil surplus
5 years ago

BP’s chief economist sees U.S. shale weathering oil surplus

Shale output in the United States will prove resilient to low oil prices likely to be prolonged by the prospect of half a million barrels per day of Iranian crude …
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Crude oil surges, Saudis raise some prices

Oil jumped to the highest level in more than a week after Saudi Arabia raised prices for crude shipments to Asia, as demand from refineries improved.

Futures surged as …
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