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The Latest Breaking News from Ampol

Shares fall from multi-month high as confidence wanes

The ASX has handed back most of Wednesday's gains, as fresh strikes between the US and Iran stoked fears about global inflation and growth.

AAP

Fuel seller eyes massive earnings lift due to conflict

The company that owns one of Australia's two oil refineries says the Middle East war underscores the need to keep that capability, as the conflict continues.

AAP

Australian shares tread water as traders weigh conflict

Australia's mining sector has resumed its decline after the US-Iran conflict sent crude prices higher, but local banks continue to recover from a recent slump.

AAP

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Investors flee to safety as business confidence wanes

The ASX has closed lower after weakening risk sentiment prompted a flight to safety and as large caps in multiple sectors sold off.

AAP

Extra diesel shipments prioritised for regional areas

Two additional cargo ships of diesel will come into Australia, bringing in 100 million litres of supply after deals struck with two major fuel companies.

AAP

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.

AAP

Australia eyes new fuel supply from US, Mexico and Asia as diesel prices spike to record high

Shipments of fuel into Australia secure until at least the middle of May, energy minister says

The Guardian - AU

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Australia moves to shore up fuel supplies as it prepares for extended disruptions

Australia has agreed to underwrite two companies buying fuel at inflated prices, with Prime Minister Anthony Albanese warning of extended supply disruptions even if the Iran ceasefire holds

The Independent UK

Aussie shares shaky as ceasefire hangs in the balance

Hopes around a delicate truce between the US and Iran have come under pressure less than a day after the agreement was struck, weighing on market confidence.

AAP

Anthony Albanese Announces Urgent Plan To Boost Fuel Stock As Prices Surge

Prime Minister Anthony Albanese has announced a new agreement with to bring more fuel into Australia, as global tensions disrupt supply.

Pedestrian.tv

AI will tell you Australia’s fuel reserve is in the US. But is that even true?

Australia does not have a government-backed stockpile, experts say, and even if we did still store oil in the US, it would not be much

The Guardian - AU

Bracing Yourself At The Bowser? Here’s Some Petrol Hacks To Slash The Soaring Prices

From discount schemes to handy car tips, there are ways to keep everything running smoothly.

Pedestrian.tv

ASX tumbles to lowest level since May as war drags on

Australia's mining sector is under renewed pressure, after gold tumbled to a two-month low as oil prices skyrocket and hammer hopes for global growth.

AAP

‘It’s not panic-buying’: farmers defend stockpiling as regional Australia bears brunt of fuel crisis

Independent retailers are struggling to get fuel from the majors and say farmers have only responded to soaring prices and lack of availability

The Guardian - AU

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AAP

Unmanned petrol stations fuelling higher earnings

Australia's leading fuel retailer has benefited from converting dozens of its petrol stations to unmanned sites in what could be a sign of things to come.

AAP

Waste is the new oil: why Aussie export may be rubbish

Cutting emissions from long-haul flights, shipping and trucking remains a challenge but one solution could put Australia in an enviable position.

The Guardian - AU

Overseas holidays and pints at the pub: five things Australians are splurging on as household budgets bounce back

People aged 20 to 34 spent more on non-essential goods in the three months to June than they had a year before, when they were cutting back

The Guardian - AU

ABC inboxes flooded with fan abuse after Kim Williams’ criticism of Joe Rogan

ABC chair’s comments that ‘people like Mr Rogan prey on vulnerabilities’ sparks furious response. Plus: lean times for awards ceremonies

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AAP

Endurance pays as Supercars leader wins Sandown 500

Supercars championship leader Will Brown has claimed the Sandown 500 for the first endurance win of his career, further strengthening his title prospects.

AAP

Rubbish fuels race to create green aviation industry

A sustainable aviation fuel refinery could supply millions of litres of carbon-cutting jet fuel following an investment and government grant.

AAP

Servo chain Ampol slashes dividend, fuel volumes fall

Energy company Ampol has slashed its interim dividend on lower fuel volumes, tanking its share price, but signalled a return to normal at its refinery.

AAP

Green plane fuel could take off in Australia after deal

Three firms have teamed up to investigate the creation of a sustainable aviation fuel industry in Brisbane as demand for renewable options booms.

The Guardian - AU

‘Race suicide’: Sir William Walkley’s unearthed report on apartheid South Africa reveals birthrate fears

Exclusive: The founder of Australia’s most prominent media awards visited the apartheid state in 1958 and judged it ‘a grand country with a great future’

The Guardian - AU

Who’s out of touch? The tabloid obsession over what the treasurer’s ‘missus’ wore on budget night

Laura Chalmers’ outfit prompted some to brand her husband ‘out of touch’ – but others pointed to sexism in the coverage. Plus: more brickbats as Walkleys drop Ampol

The Guardian - AU

Walkleys end media awards sponsorship deal with fossil fuel company Ampol

Exclusive: Walkley Foundation changes donation policy, saying it won’t accept support from companies that ‘offer no tangible benefit to humanity’

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