I’ve been getting questions about oil and petrol prices and the role of Russia. For what it’s worth here is my take. The Brent oil price yesterday was US$132.33 per barrel (8 March) and Australian ULP petrol prices are passing $2/litre. Q. Why are oil prices shooting up? A. The oil market was very tight […]
Victorian spot gas price hits 5-year hig...
The Victorian spot gas price hit $20 per gigajoule (GJ) on Tuesday afternoon, the highest price since 27 June 2016, five years ago. Other east coast prices were also high, $18.20/GJ at the Wallumbilla hub, $15.44/GJ in Sydney, $14.79/GJ in Adelaide and $14.39/GJ in Brisbane. Factors driving the surge in prices include strong winter gas […]