European petrol armada heads for US

US drivers bought record volumes of petrol last week.

Harvey has knocked out more than a fifth of US oil refining capacity or roughly 4m barrels a day, sparking fears of fuel shortages and driving wholesale petrol prices up by 20 per cent.

Caltex opens door to demerger

Caltex has paved the way for a potential demerger or spin-off down the track, unveiling a new "Quantum Leap" restructuring initiative.

Cooper secures $400m for Sole gas

Eastern Australia is to get its first new source of gas for years after Cooper Energy finally locked in financing for its circa $550 million...