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The Latest Breaking News from Viva Energy

Shares reverse early losses as oil slide continues

BHP and Macquarie Group have hit new record highs, while gold stocks continue to rebound as easing geopolitical risks reinvigorate investors.

AAP

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

Aussie stocks down for four of past five weeks

More than a month of poor conditions and bad news have weighed on the ASX - and local investors don't have much to look forward to for the time being.

AAP

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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

Leaders to reconvene for fuel talks after refinery fire

State and territory leaders will meet again with the prime minister to discuss the fuel crisis, as new orders for companies using truckies come into effect.

AAP

Truckies win fuel boost to fight dire price threat

Transport workers could soon be getting more money to cover the costs of rising fuel prices from the Iran war after a decision from the workplace watchdog.

AAP

Compromises abound in PM's global hunt for extra fuel

As fuel supplies tighten, world leaders - including Australia's - are having to make uncomfortable choices about where they source their oil.

AAP

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Geelong Refinery Fire Exposes How Thin Australia’s Fuel Safety Net Really Is

A fire at Viva Energy’s Geelong refinery has rattled confidence in Australia’s already stretched fuel system. Here’s what experts say.

Pedestrian.tv

Fuel prices fall despite Geelong refinery blaze as Albanese says facility production has slipped by 40%

Prime minister says Corio refinery fire will not push Australia into stage 3 restrictions, despite reduced production of petrol, diesel and aviation fuel

The Guardian - AU

Geelong’s refinery fire is out – but questions over what it means for our fuel crisis are still raging

Viva executives and firefighters will try to determine the cause of the blaze while the PM will hope the disruption to Australia’s supplies is minimal

The Guardian - AU

Australia: Refinery fire raises fuel supply concerns amid Iran war

Fire at Viva Energy's Geelong refinery, which supplies 10% of Australia’s fuel, sparks supply fears as Iran war keeps global prices elevated.

Euronews

‘Unprecedented’ fire at Australian oil refinery threatens already dwindling petrol supplies

Supplying around half of Victoria’s fuel and 10 per cent nationally, the refinery processes about 120,000 barrels of oil per day

The Independent UK

Albanese cuts fuel diplomacy mission short to rush to Geelong as Bowen calls oil refinery fire ‘a setback’

Some petrol stations may see short-term outages and energy experts warn Victorian fuel prices could spike up to 20 cents a litre

The Guardian - AU

Geelong oil refinery fire: what we know so far

Viva Energy oil refinery at Corio, one of just two remaining in Australia, supplies about 50% of Victoria’s fuel and 10% of the whole country’s

The Guardian - AU

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AAP

Fresh fuel supply fears hosed down after refinery blaze

Australia will lean more heavily on fuel imports after a fire caused by a suspected gas leak ripped through one of the nation's two oil refineries.

The Times of India

'Blaze not yet under control': Fire breaks out at Viva Energy's Geelong refinery in Australia

A major fire erupted early Thursday at Viva Energy Group’s Geelong refinery in southern Australia, one of the country’s two remaining oil refineries that supplies about 10 per cent of its fuel.

Pedestrian.tv

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.

The Guardian - AU

Seven charts that reveal how unprepared Australia was for the fuel crisis

Disruptions to Middle East oil shipments have rippled along the world’s longest supply chain through Asia – and there’s no knowing when the pressure will ease

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The Guardian - AU

‘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

‘Loophole’ in sanctions allowing Russian oil to be imported to Australia through port part-owned by Macquarie Bank

Australia stopped buying fuel directly from Russia after its invasion of Ukraine but has imported more than 3m tonnes of its oil products since 2023

AAP

Black market tobacco sends servo sales up in smoke

Viva Energy says tobacco sales at its petrol stations fell by more than a quarter in the first half, leading to a drop in overall convenience sales.

The Guardian - AU

Victoria says it is getting out of gas – so why has it approved a new LNG import terminal?

State government says Viva Energy’s floating terminal near Geelong will not undermine net zero target, while Greens call project ‘polluting [and] unnecessary’

The Conversation

Does Australia face a gas shortage? No – just Victoria, where empty wells meet a lack of planning

This week, outgoing Senex Energy chief executive Ian Davies made headlines when he warned within a few short years, Australia won’t have enough gas to meet our demand, due largely to government inaction and intervention.

AAP

Servo chain slams black market tobacco, wage inflation

Servo operator Viva Energy says cost of living pressures and black market tobacco are hitting stores but posted rising fuel sales and a bigger half-year profit.

AAP

Report pokes holes in fuel company plans for net zero

An analysis of net-zero plans released by petrol companies have questioned their green claims, including their reliance on 'dirty' hydrogen and carbon offsets.

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