Despite a temporary glut in crude oil, a shortage of refined fuels is threatening the global economy
With mid-term elections looming in November, time is running out for the US president to negotiate a permanent…
Iran Warns U.S. Interference Could Trigger Further Oil and Gas Disruptions
Following a major U.S.-Iran re-escalation over the Strait of Hormuz this weekend, Iran’s Islamic Revolutionary Guard Corps (IRGC)…
CNA Explains: Why petrol prices will take time to fall to pre-conflict levels
Why do petrol prices fall slower than they rise? This phenomenon is known as “rocket and feathers”, analysts…
Europe’s Arctic Oil Dilemma Deepens as Supply Fears Grow
A dozen financial institutions from Scandinavia have urged the European Commission to remain firm in its opposition to…
Canada’s Trans Mountain Pipeline Moves Toward Another Capacity Increase
Trans Mountain Corp. will hold another open season for the expanded pipeline that takes crude from Alberta to…
South Korea introduces relief payments amid oil crisis
South Korea has added relief payments to its sweep of measures to tackle the ongoing oil crisis as…
WA government ‘confident’ state has enough fuel for May as Middle East conflict drags on
WA’s energy minister says the state will have the fuel it needs for this month and has “growing…
China using a double-insurance strategy to secure crude oil supplies amid Iran war
As the world’s largest crude oil importer, China has long relied on a double-insurance system to safeguard domestic…
Viva Energy boss says more refineries needed for secure fuel supply
Viva Energy boss Scott Wyatt recalls he was on the phone with the fuel refinery’s general manager when…
Trump brands UK ‘crazy’ for not drilling the North Sea. But would it actually lower energy bills?
Donald Trump has unleashed his latest attack on renewables, branding the UK “crazy” for not boosting oil extraction…
PM confirms purchase of 100m litres of diesel in bid to boost supply amid Iran war oil crisis
The prime minister has confirmed that new powers allowing the federal government to underwrite the delivery of additional…
Petrol prices set to soar as economists reveal shock forecasts
Australian petrol prices could climb back up to $2.46 per litre by late May, as global energy uncertainties…