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15.04.26 - 10:24
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Australia, Singapore increase energy ties (IntelliNews)
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Australia and Singapore have agreed to reinforce energy co-operation, pledging to maintain flows of refined fuel and LNG as both nations work to navigate international and regional energy issues on the back of the conflict in the Middle East....
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15.04.26 - 09:12
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Australian Dollar Rises Amid Risk-on Mood (AFX)
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CANBERA (dpa-AFX) - The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, as Asian stock markets traded higher, following the broadly positive cues f......
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15.04.26 - 08:24
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Australian Dollar Rises Against Majors (AFX)
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CANBERA (dpa-AFX) - The Australian dollar strengthened against other major currencies in the Asian session on Wednesday. The Australian dollar rose to more than a 1-month high of 113.54 against th......
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15.04.26 - 06:24
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Western Australia Establishes Strategic Fuel Reserve (ZeroHedge)
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Western Australia Establishes Strategic Fuel Reserve
Australia is facing a historic energy crisis with much of its gulf-sourced energy facing not one but two blockades. But at least some parts of the country are doing something about it, even if it is too little, too late.
Western Australia will establish its own strategic reserves of diesel fuel to ease “acute shortages,” the state's government said.
As Bloomberg reports, the government signed a deal with Cambridge Gulf to buy and store 4 million liters of diesel, which is expected to arrive in the coming weeks, according to a statement. The inventory may be expanded to 12 million liters, which should be enough to last the local infrastructure at least a few days.
The move comes as the war in Iran and resulting blockades of the Strait of Hormuz hampered global oil flows, with panic buying in Australia leading to fuel shortages. Australia has a far bigger national fuel reserve, which included more than 2.8 billion liters of diesel as ...
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15.04.26 - 04:30
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Australia′s Qantas To Cut Domestic Flights Amid Fuel Price Surge (ZeroHedge)
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Australia's Qantas To Cut Domestic Flights Amid Fuel Price Surge
Authored by Monica O'Shea via The Epoch Times (emphasis ours),
Australia's flag carrier Qantas will cut domestic flights and redeploy capacity from the United States towards Europe as fuel prices double.
Qantas Airways ground staff are seen on the tarmac near planes at the domestic terminal of Sydney International Airport in Sydney, Australia on Jan. 14, 2026. David Gray/ AFP via Getty Images
Qantas revealed fuel costs remained turbulent amid the Iran War in an update on its 2026 financial outlook, which noted that jet fuel prices have more than doubled and remain highly volatile.”
“Given the continued volatility in fuel prices and the global economic conditions, the group has reduced domestic capacity in 4Q26 by around 5 percentage points,” Qantas said.
Customers will be notified of which routes will be affected.
Meanwhile, in response to strong demand for European flights, Qantas will also add more options to Paris and...
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14.04.26 - 13:18
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Australian Dollar Rises Against Majors (AFX)
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CANBERA (dpa-AFX) - The Australian dollar strengthened against other major currencies in the European session on Tuesday. The Australian dollar rose to nearly a 4-week high of 0.7122 against the U......
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