Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 2560 results for "Oil"

Norway's oil fund returns 16% in 2023

JAMIE WILLIAMSON  |  WEDNESDAY, 31 JAN 2024
Norway's sovereign wealth fund has reversed its fortunes, clocking a 16.1% return for 2023 following the -14% it recorded the previous year. Norges Bank Investment Management reported the Government Pension Fund Global raked in a return of $322 billion ...

Agricultural sector in for a mixed 2024: Outlook

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
... and diesel prices will continue to keep production costs high. These elevated costs are driven by high gas prices, volatile oil production and a low Australian dollar," Rural Bank said. The cost of seasonal labour will also remain high, driven by the ...

Interest rate hikes are working: Bullock

KARREN VERGARA  |  TUESDAY, 21 NOV 2023
... the environment but from many countries' national security standpoint. "[They] don't want to be reliant on importing oil from the Middle East or other countries that requires a whole lot of capital, a whole lot of investment that by its nature ...

How will the Israel-Hamas conflict impact Australia?

CASSANDRA BALDINI  |  TUESDAY, 10 OCT 2023
... Israel has led to speculation on market impact and potential volatility, however, the primary concern remains the price of oil. Speaking to Financial Standard, Commonwealth Bank director of mining and energy commodities research Vivek Dhar, said that ...

Bank of England holds rates at 5.25%

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
... Committee outlined that it expects inflation to decline in the short-term, largely due to decreases in energy costs, albeit rising oil prices. Conversely, service sector inflation is projected to stay high, with potential for month-to-month variability. ...

Don't believe inflation hype, says Pendal

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2023
... inflation came close to 15%, however the economy was also growing at 7.6%, its workforce was largely unionised, and two major oil shocks caused havoc. "The difference is that back then, the US was highly oil dependent, and it also was experiencing a ...

Active Super to face action over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023
... eliminated investments that posed too great a risk to the environment and the community, including tobacco manufacturing, oil tar sands and gambling," ASIC said. "Active Super also stated that they had added Russia to their list of excluded countries ...

NGS ahead of schedule on net zero strategy

RACHEL ALEMBAKIS  |  FRIDAY, 28 JUL 2023
... and industries since the start of its decarbonisation process, including holdings in Woodside and Santos and others in the oil and gas exploration and production industry. The divestment from oil and gas companies was based on calculations relating to ...

ASIC sues Vanguard for greenwash in bond fund

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023
... these bonds exposed investor funds to investments which had ties to fossil fuels, including those with activities linked to oil and gas exploration, highlighting investments in Abu Dhabi Crude Oil Pipeline LLC (ADCOP), Chevron Phillips Chemical Co. LLC ...

Decade-long Santos well leak prompts investor concern

ROSE MARY PETRASS  |  FRIDAY, 16 JUN 2023
Santos has admitted that its retired offshore oil and gas field Legendre has been leaking gas for a decade, throwing into doubt investor abilities to meet net zero plans. Methane gas - a greenhouse gas 25 times more powerful than carbon dioxide - has ...