ASX Energy Stocks to Watch in Fuel Supply Crunch
Australia's fuel supply is under serious pressure. Last Wednesday, a major fire hit Viva Energy's Geelong refinery, Australia's largest. That single plant supplies around 10 per cent of the country's fuel and more than half of Victoria's. The blaze mostly affected petrol production, and while Viva…
Energy Stocks
Iran Re-Closes Hormuz: ASX Stocks to Buy and Avoid
Oil markets delivered one of the wildest 48 hours in years. On Friday, WTI crude tumbled nearly 12 per cent to close at US$83.85, and Brent fell about 9 per cent to settle at US$90.38 after Iran's foreign minister announced the Strait of Hormuz, which carries…
Viva Energy Halt Ends After Geelong Refinery Fire
Viva Energy (ASX:VEA) shares returned to trade this morning after four days in a halt, following the big fire at its Geelong refinery on the night of 15 April. The stock was frozen at A$2.53, having been up more than 20% for the year before the incident.…
Australia has not had petrol rationing since 1979. The last time it did, the mechanism was simple: a ration book, enough fuel for approximately 32km of driving per week, and a queue. Nearly five decades later, the mechanism has been updated, but the underlying problem, namely our structural dependence on imported refined fuel, has not.
The…
Amplitude Energy signs long-term gas deal with AGL
Amplitude Energy (ASX:AEL) shares jumped as much as 6% on Friday before closing up 1.45% at A$1.74 after the gas producer signed a binding long-term supply deal with AGL Energy. Under the agreement, Amplitude will sell 20 petajoules (PJ) of gas to AGL over four years, with…
Investors awoke this morning to news they did not want to hear: A Viva Energy’s Geelong oil refinery fire. This is not just any isolated operational incident that could've happened at any resources or energy company's refinery.
It strikes at the heart of Australia’s already fragile fuel‑security framework and raises immediate questions for investors about earnings,…
The latest trading updates out of Virgin Australia and Qantas have brought the importance of oil prices, but also oil hedging, back into sharp focus. Airlines are not the only companies that engage in the practice, but few rely on it more.
The Middle East conflict has pushed jet fuel margins from roughly US$20/bbl to around…
ASX stocks in focus as blockade begins
The US naval blockade of Iranian ports went live on Monday after peace talks in Islamabad collapsed over the weekend. Brent crude jumped 7% to US$102 a barrel, a gain of roughly 40% since the war began in late February, while US crude climbed to US$104. US equity…
ASX Energy Stocks to Watch After Iran Ceasefire Fails
ASX energy stocks fell between 5% and 12% last Wednesday when a short-lived Iran ceasefire triggered a sharp drop in oil prices, then bounced hard after weekend talks in Islamabad broke down entirely and the White House announced a naval blockade of Iranian shipping. Brent crude…
Viva Energy Drops After Refinery Support Boost
Viva Energy (ASX:VEA) tumbled roughly 10% on Wednesday, April 8, as a sudden Iran-US ceasefire sent oil prices crashing more than 16% in a single day, pulling the entire energy sector lower with it. At first glance, this makes little sense. The Federal Government had just upgraded its…
