Oil
Opinion
Opinion
Bloated: OPEC's latest move is not a cure for the global oil glut
OPEC has, at least for the moment, managed to stabilise the oil market but at a heavy and continuing cost to the cartel and its associates.
- by Stephen Bartholomeusz
Latest
World markets
Saudi Arabia makes biggest oil price hike in 20 years after OPEC+ cuts
Saudi Arabia has doubled down on its strategy to bolster the oil market after OPEC+ producers extended historic output cuts.
- by Anthony Di Paola
Aviation
Airlines lose billions of dollars in the oil-market casino
Many of the world's airlines already stung by the pandemic grounding flights are now finding out what a risky place the oil market can be.
- by Alex Longley
Opinion
Coronavirus pandemic
The demise of oil may have been greatly exaggerated
The pandemic sent shockwaves through the oil industry but there are reasons to believe the worst has passed.
- by Andy Critchlow
Coronavirus pandemic
World's biggest wealth fund now reaps rewards of move made 50 years ago
When Norway first discovered oil in 1969, a decision was made that would set it apart from other petro-states. The historic decision has given it a huge piggy bank to draw on in the crisis.
- by Mikael Holter
Investing
The Short Squeeze: Long-term labour pains
The latest episode of The Short Squeeze podcast dissects oil prices, digs into the latest jobless data and features an interview with fund manager Nick Griffin.
Coronavirus pandemic
Virus crisis worsens for Caltex as ships store oil glut out at sea
Caltex says the pain from the coronavirus-driven collapse in demand has become even more acute as traders turn to ships to store the crude oil nobody is buying.
- by Nick Toscano
Opinion
Saudi Arabia
Optimism returns to the oil market, but the worst isn't over
Oil has rebounded from last month's lows amid cautious optimism that heavy production cuts have put a floor under the price. But it's the demand that's the problem.
- by Stephen Bartholomeusz
Retail
Caltex cuts costs on new-look Ampol rebrand
The coronavirus has meant Caltex will reduce the cost of its $165 million Ampol rebrand, pushing ahead with the major revamp despite economic uncertainty.
- by Dominic Powell
Plastic
Goodbye waste-free future: The oil crash has created a plastic recycling trap
A few months ago - before the pandemic stopped economies in their tracks - the biggest sustainability issue seemed to be plastic. But now, the "waste-free economy' suddenly comes with a hefty price tag.
- by Emily Chasan
Coronavirus pandemic
Traffic jams return to Chinese cities driving up fuel demand
Traffic data over the past seven days in Beijing and Shenzhen show that peak-hour congestion was heavier than the same period last year.
- by Bloomberg News