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 […]
Reflections on the 2021 APPEA Conference
In mid-June the 2021 APPEA Conference was held in Perth, the first APPEA Conference since 2019 and probably the largest physical conference to be held in Australia since the start of the pandemic. It was a tribute to APPEA that they successfully ran the conference and it was great to catch up with many friends. […]
Australia the odd country out on oil ref...
Following the announcement of the forthcoming closure of ExxonMobil’s Altona refinery, we have been digging out the numbers on where Australia stands internationally in oil consumption versus refining capacity. Australia isn’t a small oil consumer. According to the BP energy statistics, Australia ranked number 16 in the world consuming 1,046 thousand barrels per day (kbbl/d) […]