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Latest news: Oil and Gas - Downstream Activities

Iran hits back at Gulf refineries after Israeli strike

Iran hits back at Gulf refineries after Israeli strike

The latest escalation ‌in the Iran war heightens the disruption of global energy supplies that has raised the political stakes for US President Donald Trump.

'Over-prepared': PM's pledge on growing fuel crisis

'Over-prepared': PM's pledge on growing fuel crisis

'Over-prepared': PM's pledge on growing fuel crisis

'Over-prepared': PM's pledge on growing fuel crisis

Australia will have a single point of contact co-ordinating fuel supplies and issues that might arise due to the Iran war, with further measures expected.

Tankers 'starting to dribble through' strait, US says

Tankers 'starting to dribble through' strait, US says

Tankers 'starting to dribble through' strait, US says

Tankers 'starting to dribble through' strait, US says

White House economic ‌adviser Kevin Hassett says oil tankers are starting to cross the Strait of Hormuz and the Iran war will likely end within weeks.

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Energy markets face uncertain environment: oil producer

Energy markets face uncertain environment: oil producer

The war in the Middle East is having wide-ranging impacts on markets, oil and gas producer Woodside has told investors at its annual sustainability briefing.

Trump threatens to cripple crucial Iranian oil hub

Trump threatens to cripple crucial Iranian oil hub

US forces have "obliterated" military targets on an island vital to Iran's oil network, Donald Trump says, as he issues an ultimatum over the Strait of Hormuz.

Deadly Russian strike on Kyiv with peace talks stalled

Deadly Russian strike on Kyiv with peace talks stalled

Russia has struck Ukraine with missiles and drones, killing ‌at least four people, as peace talks between Moscow and Kyiv remain postponed.

Explosions in Tehran after Iran launches fresh strikes

Explosions in Tehran after Iran launches fresh strikes

Intense air strikes have landed around Tehran after a new wave of Iranian attacks in the region and President Donald Trump threatened Iran's "deranged" leaders.

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World faces largest-ever oil disruption on Mideast war

World faces largest-ever oil disruption on Mideast war

World faces largest-ever oil disruption on Mideast war

World faces largest-ever oil disruption on Mideast war

A global energy watchdog has released a record emergency release of crude as it warns the US-Israeli war on Iran is causing the biggest oil shock in history.

Tankers burn as Iranian strikes defy Trump's 'victory'

Tankers burn as Iranian strikes defy Trump's 'victory'

Tankers burn as Iranian strikes defy Trump's 'victory'

Tankers burn as Iranian strikes defy Trump's 'victory'

Massive fireballs have lit up the sky over the Gulf as Iranian attacks on oil tankers flout President Donald Trump's claim the US has won its war with Tehran.

Fuel supply boosted as oil price threatens record highs

Fuel supply boosted as oil price threatens record highs

Fuel supply boosted as oil price threatens record highs

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.

Iran fires at bases and ships despite intense strikes

Iran fires at bases and ships despite intense strikes

Iran fires at bases and ships despite intense strikes

Iran fires at bases and ships despite intense strikes

Explosions have rung out across the Mideast as Iran launched strikes and shook energy supplies, even after the US and Israel's most fierce attacks of the war.

Iran firm on oil blockade as Trump threatens strikes

Iran firm on oil blockade as Trump threatens strikes

Iran firm on oil blockade as Trump threatens strikes

Iran firm on oil blockade as Trump threatens strikes

President Donald Trump warns that US attacks could rise sharply if Iran blocks tanker traffic, while Tehran vows that no oil will move if attacks continue.

Pressure to fix gas tax raising less revenue than beer

Pressure to fix gas tax raising less revenue than beer

Pressure to fix gas tax raising less revenue than beer

Pressure to fix gas tax raising less revenue than beer

Senator David Pocock will ramp up pressure on the government to re-examine a fossil fuels tax that raises less money than beer thanks to a "fatal mistake".

Net zero could put Woodside in the red in five years

Net zero could put Woodside in the red in five years

Net zero could put Woodside in the red in five years

Net zero could put Woodside in the red in five years

Australia's biggest oil and gas producer has posted record output, but a global supply glut and the energy transition could hinder future profits.

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Hungary threatens to derail EU's new Russia sanctions

Hungary is blocking the EU’s latest sanctions plan against Russia, and it's also holding up new aid for Ukraine four years after Russia invaded.

Push to outlaw spliced Russian 'blood oil' in Australia

Loopholes in Australia's sanctions regime against Russia are inadvertently propping up Russia's war in Ukraine as profits from spliced oil flow back to Moscow.

Domestic producer worried about gas reservation policy

Australian oil and gas exploration and production company Beach Energy is concerned about the impact of a looming east coast gas reservation policy.

Russia demands return of sailors from seized oil tanker

The US seizure of a Russian oil tanker has been criticised by Moscow, which calls for the safe return of sailors from what it says is a ship sailing lawfully.

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US-Venezuela oil deal angers China, pushes prices down

President Donald Trump's plan to divert Venezuelan crude to the US has hit oil prices, while China denounces US "bullying" over the deal.

US seizes oil tanker off Venezuela coast, video posted

US President Donald Trump has announced the seizure of a "very large" oil tanker off the coast of Venezuela amid mounting tensions.

Embattled steelworks should become a green iron beacon

Australia should take advantage of its natural resources to lead the world in the green metals race, a report has found, with one facility an obvious choice.

Gas plant approval wait 'frustrating': Woodside boss

Woodside has linked slow approvals for projects like the North West Shelf to weak productivity growth as the controversial project faces fresh legal challenge.

Concern as grey market Russian oil seeps into Australia

Ships have docked in Australia carrying Russian oil refined in third countries, raising concerns Moscow is evading sanctions to finance its war on Ukraine.

Indigenous, climate advocates put heat on Woodside

A traditional custodian's bid to protect Indigenous rock art will soon head to court as activists cop fines for protesting against energy giant Woodside.

State branded climate change capital as emissions swell

Greenhouse gas emissions have returned to near record levels in one state, where a decision to extend a gas plant's life has sparked nationwide protest.

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