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AAP
AAP
Business
Kaaren Morrissey and Adrian Black

Oil markets to remain tight as conflicts drag on

Ampol Petrol Oil Australia
Australia's largest transport fuel provider warns of continued price squeeze from overseas risks. (Mick Tsikas/AAP PHOTOS)

Fuel prices at the bowser are expected to remain under pressure as conflicts in the Middle East and Russia continue to impact crude oil supplies.

Local fuel seller and refiner Ampol swung to a $1.4 billion first-half statutory net profit in the six months to June 30, up from a $25.3 million loss in 2025's first half.

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