NewsBite

Oil

Advertisement
You

Order your espresso now for a bumpy year in coffee, oil and other commodities

Coffee will be more expensive in 2025, and anyone trading or observing energy and commodity markets into the new year will need caffeine to survive.

  • Javier Blas

Latest

Viva Energy, owner of the Geelong oil refinery, is seeking approval to begin importing liquefied natural gas into Victoria for the first time.

Is there a new energy future for Australia’s remaining oil refiners?

A sprawling oil refinery in Geelong — one of just two left in Australia — is pushing to develop greener products and import gas amid questions about its future.

  • Nick Toscano
Donald Trump wants a massive boost in US oil production to lower US petrol prices. The oil bosses, however, are more interested in boosting shareholder returns.

Forget Trump’s ‘drill, baby, drill’ mantra. The oil giants won’t go for it

Donald Trump wants a massive boost in US oil production to lower US petrol prices. The oil bosses, however, are more interested in boosting shareholder returns.

  • Stephen Bartholomeusz
Brent fell below $US78 and WTI was under $US74 on Tuesday.

‘Drill, baby, drill’: What if the world doesn’t need Trump’s ‘liquid gold’?

Donald Trump wants America to dominate the global oil market. But his plans to boost production come as demand for the fossil fuel has weakened.

  • Stephen Bartholomeusz
Russia overtook Saudi Arabia last year  to become China’s biggest oil supplier.

Russian oil flows through Western ‘price cap’ as shadow fleet grows

A plan hatched by Western nations to deprive Russia of oil revenue is largely faltering, a new report found, with the majority of the Kremlin’s seaborne oil exports evading restrictions.

  • Alan Rappeport
The most interesting challenge for whoever wins the election will come on September 28, the day the fuel excise cut ends.

What a Middle East oil shock could mean for Australians

Treasury modelling suggests a sustained 10 per cent increase in the oil price over a year would add about 0.4 of a percentage point to the inflation rate.

  • Nick Toscano
Advertisement

‘The risk has gone up’: Petrol prices are at a two-year low, but maybe not for long

Australian drivers face a heightened risk of petrol prices climbing yet again if fighting in the Middle East intensifies and disrupts oil supply.

  • Simon Johanson and Nick Toscano
The impounded Iranian crude oil tanker, Grace 1, is silhouetted as it sits anchored off the coast of Gibraltar. Australia will join a US-led coalition to protect shipping in the Straits of Hormuz.

Up or down?: The mystery over the oil market

The oil world has had a surprisingly calm reaction to the Middle East conflict this week. That could change quickly.

  • Stephen Bartholomeusz
Saudi Arabia’s Crown Prince Mohammed bin Salman.

Bleeding billions: The oil cartel is losing control of the market

The world is overflowing with oil, and OPEC has failed in its latest attempt to stop prices tumbling.

  • Stephen Bartholomeusz
Fuel prices hit a six-month low of $1.86 a litre at the start of this month across Melbourne and Sydney.

Relief in sight for motorists as oil prices slide

Petrol prices at the bowser are primed to fall in coming months as a slowdown in major economies reduces demand for oil.

  • Millie Muroi and Shane Wright

Original URL: https://www.watoday.com.au/topic/oil-huo