Refinery owner reaps profit boost from Middle East war
Ampol, which supplies about 10 per cent of the nation's fuel supplies, has seen a big jump in margins on the back of the war in the Middle East.
oil and gas – downstream activities
EU envoys meet in hopes of approving loan to Ukraine
European Union officials are optimistic of to authorise a massive, long-delayed loan to support Ukraine's military and financial needs for the next two years.
Oil and gas giant feels the heat from climate activists
Shareholders have jeered as protesters concerned about the environment repeatedly disrupted a meeting hosted by Australia's biggest oil and gas company.
‘Peddling lies’: gas sector vents as tax pressure rises
The minister responsible for gas in Australia has poured cold water on calls for an export tax as industry figures insist they pay their fair share.
‘Tiny’ tax returns on gas has leading economist fuming
Australians have finite stocks of gas and other natural resources and deserve a fair return on them, an inquiry has been told as calls grow for tax reform.
Battle lines harden as gas giants take on tax proposal
Gas producers have mounted a full-throated defence of their tax contributions in an inquiry exploring opportunities for higher export levies.
‘Who gave you the right?’: villagers take on gas giant
Leaders from remote Papua New Guinea villages have turned up at a shareholders meeting of gas giant Santos to question the board about a controversial project.
More cost relief on table as Aussies asked to save fuel
The impacts of the energy crisis will likely continue even if a Middle East ceasefire holds, the government warns as it prepares to roll out an ad campaign.
Nation tops up fuel supply as Easter demand soars
Households and businesses face months of high fuel prices and associated costs even if there is a swift end to the Middle East conflict that is choking supply.
US could exit Iran war soon, Trump says – and NATO, too
President Donald Trump has signalled the US may soon wind down the Iran war without a deal, and threatened to ditch NATO for not helping him with the conflict.
Oil exec handed largest ever fine over contract rigging
A court has fined an oil company $5 million and its chairman $1 million for cartel conduct in a case brought by the competition watchdog.
Trump extends deadline for striking Iran’s power plants
President Donald Trump has delayed a threatened strike on Iran's energy infrastructure until April 6, after Tehran rejected a US ceasefire plan.
Electric or bust: truck industry demands urgent U-turn
Skyrocketing diesel prices are adding cost and uncertainty to heavy transport and operators are calling for help to change the industry's direction.
Iran targets Israel and calls Trump talks ‘fake news’
Iran has fired more missiles at Israel and trashed President Donald Trump's claim the US is in talks to end the war, saying he's just manipulating the markets.
Iran hits Kuwaiti oil refinery, blasts boom over Tehran
Israel and Iran have launched fresh attacks on each other, a day after Tehran struck an Israeli oil refinery.
Trump puts off threat to bomb Iran power stations
US President Donald Trump has extended his deadline for Iran to reopen the Strait of Hormuz, delaying power plant strikes after "productive" talks with Tehran.
Tankers ‘starting to dribble through’ strait, US says
White House economic adviser Kevin Hassett says oil tankers are starting to cross the Strait of Hormuz and the Iran war will likely end within weeks.
Iran hits back at Gulf refineries after Israeli strike
The latest escalation in the Iran war heightens the disruption of global energy supplies that has raised the political stakes for US President Donald Trump.
‘Over-prepared’: PM’s pledge on growing fuel crisis
Australia will have a single point of contact co-ordinating fuel supplies and issues that might arise due to the Iran war, with further measures expected.
Tankers burn as Iranian strikes defy Trump’s ‘victory’
Massive fireballs have lit up the sky over the Gulf as Iranian attacks on oil tankers flout President Donald Trump's claim the US has won its war with Tehran.
Fuel supply boosted as oil price threatens record highs
The government has temporarily lowered Australia's fuel quality standards to boost supplies as the war in the Middle East disrupts global markets.
World faces largest-ever oil disruption on Mideast war
A global energy watchdog has released a record emergency release of crude as it warns the US-Israeli war on Iran is causing the biggest oil shock in history.
Explosions in Tehran as Israel launches wave of strikes
Intense air strikes have landed around Iran's capital after
Deadly Russian strike on Kyiv with peace talks stalled
Russia has struck Ukraine with missiles and drones, killing at least four people, as peace talks between Moscow and Kyiv remain postponed.
Trump threatens to cripple crucial Iranian oil hub
US forces have "obliterated" military targets on an island vital to Iran's oil network, Donald Trump says, as he issues an ultimatum over the Strait of Hormuz.
Trump threatens to cripple crucial Iranian oil hub
US forces have "obliterated" military targets on an island vital to Iran's oil network, Donald Trump says, as he issues an ultimatum over the Strait of Hormuz.
Iran fires at bases and ships despite intense strikes
Explosions have rung out across the Mideast as Iran launched strikes and shook energy supplies, even after the US and Israel's most fierce attacks of the war.
Iran firm on oil blockade as Trump threatens strikes
President Donald Trump warns that US attacks could rise sharply if Iran blocks tanker traffic, while Tehran vows that no oil will move if attacks continue.
Net zero could put Woodside in the red in five years
Australia's biggest oil and gas producer has posted record output, but a global supply glut and the energy transition could hinder future profits.
Hungary threatens to derail EU’s new Russia sanctions
Hungary is blocking the EU's latest sanctions plan against Russia, and it's also holding up new aid for Ukraine four years after Russia invaded.
Domestic producer worried about gas reservation policy
Australian oil and gas exploration and production company Beach Energy is concerned about the impact of a looming east coast gas reservation policy.