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Showing 51 - 60 of 2485 results for "Oil"

UBS Australia could be banned from Papua New Guinea

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 APR 2022
... threatening PNG officials to pressure them to go through with the loan. PNG pledged, among other assets, its 14.7% stake in Oil Search to raise $1.7 billion. Oil Search is a PNG-based company which has since merged with ASX-listed Santos. However, the ...

Jarden expands research team

CHLOE WALKER  |  WEDNESDAY, 20 APR 2022
... Together, the pair have nearly 50 years of experience covering the Australian mining sector. Alongside Nik Burns, who heads oil and gas research, this completes Jarden's senior research team across the energy and resources sector. Lyons has more than ...

SEC rules against Amazon pension case

ELIZABETH MCARTHUR  |  TUESDAY, 12 APR 2022
... investments. "The SEC has determined that shareholders asking Amazon why its retirement plan directs employee savings into big oil and companies burning down the Amazon is a valid question," As You Sow chief executive Andrew Behar said. "We believe that ...

Consumer confidence rises as inflation expectations drop

ANDREW MCKEAN  |  WEDNESDAY, 6 APR 2022
... by nearly 20% since then." Plank also believed that the cut to petrol excise announced in the Budget, depending on volatile oil prices could see petrol prices drop even further in the coming weeks. This would potentially lower IE and lift consumer sentiment ...

Australia imposes further sanctions on Russia

ELIZABETH MCARTHUR  |  FRIDAY, 1 APR 2022
... existing measures, this is the largest imposition of sanctions against any one country made by Australia to date. Imports of oil and other energy products from Russia will also be prohibited from April 25. Australia also announced additional military ...

Federal Budget delivers nothing on climate

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 MAR 2022
... excise 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. There will also be a $12 billion road spend in the coming year, and to help meet cost of living ...

Big spend on cost of living, defence

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... excise 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 ...

War in Ukraine sparks defence spend

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... Ukraine to to add 0.75% drag on global economic growth in 2022 and to increase global inflation by 1.5% primarily through higher oil, gas and wheat prices. Russia supplies 18% of the world's gas, 12% of the world's oil supply and together with Ukraine ...

Excise tax, super top budget worries

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... nothing to do with this government, but it doesn't typically resonate with voters very well if you turn around and say, 'the oil price is determined in a global market, it's beyond our control'," he says. He points out that Prime Minister Scott Morrison ...

VanEck anticipates AUD surge

CHLOE WALKER  |  FRIDAY, 25 MAR 2022
... local 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 ...