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Ceasefire Sends Oil Tumbling. What It Means for Your Pump Price.
Donald Trump’s announcement of a two-week ceasefire with Iran sent global oil markets into their biggest single-day fall since the pandemic. Brent crude dropped around 13 per cent to about US$95 a barrel, WTI fell more than 16 per cent. Iran agreed to safe passage through the Strait of Hormuz in exchange for a pause in US strikes. The question for every independent operator: how quickly does this flow through to the pump, and what do we do about it now? The honest answer is not straight away, and not in a straight line. A ceasefire takes time to flow ...
Australia’s First New Oilfield in 50 Years Starts Flowing
In the middle of a national fuel crisis that has exposed just how dependent Australia is on imported refined product, a small piece of good news has emerged from central Queensland. The Queensland government this week announced a Taroom Trough Development Plan and formally called on the federal government to fast-track approvals for what could become Australia’s first new oilfield in 50 years. And quietly, production from the basin has already begun. About seven weeks ago, Shell began producing liquid condensate from one of its appraisal wells at the Taroom Trough, a basin about 480km northwest of Brisbane that has ...
Ceasefire Sends Oil Tumbling. What It Means for Your Pump Price.
Donald Trump’s announcement of a two-week ceasefire with Iran sent global oil markets into their biggest single-day fall since the pandemic. Brent crude dropped around 13 per cent to about US$95 a barrel, WTI fell more than 16 per cent. Iran agreed to safe passage through the Strait of Hormuz ...
Australia’s First New Oilfield in 50 Years Starts Flowing
In the middle of a national fuel crisis that has exposed just how dependent Australia is on imported refined product, a small piece of good news has emerged from central Queensland. The Queensland government this week announced a Taroom Trough Development Plan and formally called on the federal government to ...
Building a Simple but Effective Probation Review Process
Hiring the right person for your service station is one of the most important decisions an operator makes, but the hiring process does not end on the first day of work. The probation period is when you find out whether a new employee is actually the right fit, and having ...
How to Manage Your Google Business Profile to Attract Local Customers
For most service stations, the majority of customers come from within a few kilometres of the site. That makes local visibility one of the most important things an operator can manage, and one of the simplest tools available for this is a Google Business Profile. When someone searches for a ...
Week Five: Big Moves from Canberra. Will They Reach Your Forecourt?
Five weeks in, and the government has made its biggest move yet. The fuel excise has been halved, new legislation is being introduced to give the government powers to direct supply, and the PM has addressed the nation. Diesel has broken $3 a litre nationally. The ACCC has received more ...
RBA Bans Card Surcharging: What It Means for Your Servo
The Reserve Bank today released its Conclusions Paper on the Review of Merchant Card Payment Costs and Surcharging, the most significant overhaul of Australia’s card payments system in over two decades. There are three changes that matter for independent operators. First, surcharging on debit, prepaid and credit cards on eftpos, ...
