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The Latest Breaking News from Vivek Dhar

Fourth Australian interest rate rise more likely if Trump’s Iran conflict not resolved within a week

Economists warn continued airstrikes could push oil prices beyond US$100 a barrel, increasing chance of further RBA rate hike

The Guardian - AU

Aussie shares surge as US and Iran strike peace deal

Risk assets have soared after the US and Iran agreed to halt fighting and reopen the Hormuz Strait, a transit lane for a fifth of global oil and gas shipments.

AAP

Oil prices could take a year to return to pre-Iran levels even if ceasefire holds, Australian experts warn

Analysts say uncertain stability of truce and major damage to infrastructure among many issues that will keep prices high for foreseeable future

The Guardian - AU

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Australia relaxes petrol standards for 60 days as NSW premier warns of fuel shortage at hospitals

Chris Minns says ‘no need for panic buying’ as state government considers emergency supplies and impact on critical services

The Guardian - AU

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.

AAP

Global oil prices have plunged. So when will Australian motorists see cheaper petrol?

Analysts predict bowser prices for regular unleaded to come down to temporary lows of near 160c per litre in major cities

The Guardian - AU

Oil Prices High As Israel-Hezbollah Conflict Escalates

Oil prices rose on Monday after Israel's Air Force struck targets in Lebanon before the Iran-backed group fired more than 320 rockets into Israel.

Latin Times

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Oil Prices Higher As Israel-Hezbollah Conflict Escalates

Oil prices rose on Monday after Israel's Air Force struck targets in Lebanon before the Iran-backed group fired more than 320 rockets into Israel.

International Business Times

Oil prices rise after Gaza hospital blast prompts global concern

Cancellation of summit between Joe Biden and Arab leaders raises risk of wider conflict, says analyst

The Guardian - UK

Petrol price surge further stretches household budgets

Motorists have been hit in the hip pocket by petrol price rises and the latest spike may put a dent in the Reserve Bank's fight against inflation.

AAP

Petrol prices nudge $2 a litre for King’s Birthday long weekend

Australians are facing petrol prices teetering around $2 a litre ahead of the long weekend, with bowsers peaking across Australia's big cities.

The New Daily

Australian hydrogen in demand as South Korean manufacturers look to reach renewable energy target by 2050

As South Korea edges closer to being solely powered by renewables come 2050, the manufacturing industries of Australia's third-largest trading partner believe hydrogen gas is the answer to help reach its target.

ABC News

Energy prices ease from 2022 highs, but the squeeze isn’t over

The energy prices that pushed up Australian utility bills have eased, but will not disappear in 2023 as global market disruptions continue.

The New Daily

Alan Kohler: To defeat climate change, Australia must do the impossible

The climate argument between Labor and The Greens is as strange as the carbon-reduction target being impossible to meet.

The New Daily

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ABC News

No 'green' mining boom for Australia yet, despite lithium and hydrogen investment surge: CBA

Investment in "green" mining, including lithium and hydrogen projects, is on the up but analysts say it is not yet the start of a new mining super cycle, and gas and coal projects are still attracting the majority of funding.

ABC News

How a lack of copper could slow the transition to renewable energy

Analysts are concerned about the supply of copper, along with the actions being taken around the world to increase stocks.

ABC News

The fuel excise is back, but tax isn't the only thing driving petrol prices

Despite the return of the fuel excise, the national average price of a litre of unleaded went down last week. Prices at the pump are expected to rise again, but there's no one simple explanation for it.

ABC News

Fuel excise reduction ends tonight, prices to increase by 25 cents a litre

Fuel is a big expense for caravanners Ken and Glenys Whalley. They have been on the road for 10 weeks and their fuel budget has doubled.

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The New Daily

‘Good deal’: Petrol prices plunge to eight-month low before fuel tax sting

Australian petrol prices have plunged to an eight-month low over the past week, delivering much needed cost of living relief to motorists.

Asharq Al-Awsat

Oil Slips amid Chance of Iran Nuclear Deal Supply Boost

Oil prices slipped on Tuesday as traders eyed the latest progress in last-ditch talks to revive the 2015 nuclear accord with Iran, which would clear the way to boost its crude exports in a tight market. Brent crude futures were down 86 cents, or 0.9%, at $95.79 a barrel at…

ABC News

Global oil prices have slumped, yet petrol price relief is uncertain

The global oil price slump does not necessarily mean you will pay less to fill your tank.

The New Daily

Motorists face $2 petrol for months to come as oil-price plunge fails to deliver bowser relief

Australian motorists will be charged sky-high petrol prices for months to come despite falling global oil prices, a leading analyst has warned.

ABC News

Iron ore profits likely to remain 'significant' despite anticipated price volatility, wider China lockdown

Australia's highly profitable iron ore sector is expected to ride out market volatility as fears of additional COVID-19 lockdowns in China see a 10 per cent price drop to start the week.

The Canberra Times

What Russia's invasion of Ukraine will mean for petrol prices

Petrol prices are set to soar following Russia's invasion of Ukraine.

ABC News

Russia sanctions, Ukraine conflict likely to increase petrol, gas, fertiliser and wheat prices

Conflict between Russia and Ukraine is likely to increase cost-of-living pressures, even far away in Australia, as fuel and fertiliser prices soar.

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