Energy
Energy
55 Fuel Tankers Racing to Australia as Diesel Shortages Persist
More than 50 ships headed for Australian terminals as demand surges 30 per cent. Farmers urge supermarkets to absorb fuel cost pressure.
Energy
Government Models 25% Gas Export Tax as Crossbench Demands Action
Treasury is modelling the effects of a flat 25% levy on gas exports. The gas industry warns it would 'stop investment' and worsen energy security.
Travel
Jet Fuel Doubled in a Fortnight. Melburnians Are Cancelling Europe.
Flight Centre reports a 34% spike in European trip cancellations as airfares surge following the Iran conflict.
Markets
When Kharg Falls: Oil Shortage Impact on Australian Fuel Prices
An unprecedented supply disruption in the Persian Gulf is pushing Brent crude above $92 a barrel. Australian petrol prices are rising, and ASX energy stocks face a choice between windfall earnings and long-term portfolio risk.
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