19
May
Virus crisis worsens for Caltex as ships store oil glut out at sea
Australian fuel giant Caltex says the pain of the coronavirus-driven collapse in demand has become even more acute as traders turn to ships to store crude oil nobody is...
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19MayRead MoreAustralian biofuels industry says COVID-19 pandemic the perfect time to review energy policy
Key points: The biofuels sector says the pandemic is an ideal time to review Australia’s commitment to biofuels Bioenergy Australia says a boost in domestic biofuel consumption could help...
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29AprRead MoreTime to pump up energy security
For the first time, futures oil prices in North America recently fell into negative territory following a 30 per cent drop in global demand for crude oil and refined...
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29AprRead MoreBP Posts Loss, Maintains Dividend Amid Pandemic and Oil Rout
BP PLC said debt rose sharply and warned of falling production and a worsening outlook for refining margins, offering a first look at how the new coronavirus pandemic is...
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29AprRead MoreFuel retailers hit back at government’s price warning
If retail petrol prices across Canberra don’t fall to under $1 a litre by the end of the week, the ACT government will use its powers under the Fair...
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28AprRead MoreViva Energy closes petrol plant
Viva Energy will shut down two units at its refinery in Geelong in the latest move among fuels suppliers to tackle a surplus caused by the slump in demand...
