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Showing 41 - 50 of 1068 results for "oil prices"

Big spend on cost of living, defence

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... will be cut in half, from 44 cents a litre to 22 cents a litre, for six months, with the government hopeful global oil prices will stabilise after that. The fuel excise has traditionally been positioned as a tax to fund road projects and maintenance ...

Excise tax, super top budget worries

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... cents and 90 cents depending on the price of crude oil. So that way the government could smooth out the big swings in oil prices." Oliver agrees that cutting the petrol excise altogether is likely not prudent. "Cutting it is one thing but putting it ...

VanEck anticipates AUD surge

CHLOE WALKER  |  FRIDAY, 25 MAR 2022
... dollar will help to contain rising costs for imports priced in foreign currencies," Chesler said. This month alone, oil prices are up by close to 24% and wheat future prices have surged 18%, he noted. In year-to-date terms, these numbers jump to 58% ...

Supply chain, labour shortage fears: Analysts

CHLOE WALKER  |  TUESDAY, 1 MAR 2022
... shortages, an advancing business cycle and increased inflationary pressures. When it comes to energy, the impact of rising oil prices meant over half of the analysts are more confident about investing in energy businesses than they were a year ago - ...

Supply chain issues push up retiree expenses

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... inflationary pressures on many goods. During the quarter, fuel reached a record level, jumping 7.1% due to higher global oil prices amid economic recovery and supply disruptions. The cost of furniture (+3.8%), motor vehicles (+1.4%), and audio, visual ...

Chief economist update: A delicate balancing act

BENJAMIN ONG  |  FRIDAY, 4 JUN 2021
... per day (bpd) in July, with Saudi Arabia -the swing producer - adding 400,000 bpd more. The consequent jump in crude oil prices justify the Saudi oil minister's declaration and, at the same time, the oil market's belief that the supply increase ...

Chief economist update: BOJ has no plans to ease easing

BENJAMIN ONG  |  TUESDAY, 30 MAR 2021
... projected to wane gradually along with economic improvement and the effects of such factors as the decline in crude oil prices are likely to dissipate". Fair enough. But when? The BOJ's 'Summary of Opinions' at the same meeting in March infers ...

Chief economist update: Getting hot, hot, hot

BENJAMIN ONG  |  MONDAY, 8 MAR 2021
... by 31.2% -- more than making up for the full-year 2020's loss of 24.4% and 20.9%, respectively. The recovery in oil prices has been initially underpinned by the cold weather in the US and in Asia at the start of the year, along with declining rates ...

Chief economist update: Oil gush

BENJAMIN ONG  |  THURSDAY, 4 FEB 2021
Crude oil prices jumped to one-year highs - WTI oil to US$58.46 per barrel; Brent oil to US$55.73 - this early in the New Year. Well, they have to bounce some time especially given the battering it received in 2020 as the covid-19 pandemic grounded ...

What you read in 2020

JAMIE WILLIAMSON  |  FRIDAY, 18 DEC 2020
... ETF, and were stung hard when WTI May contracts slipped into negative territory. It's assumed investors expected oil prices to stabilise after an OPEC deal to cut production by 30% due to oversupply, but May WTI futures contracts soon went negative ...