Australia has agreed to pay its last two oil refineries up to A$2.3 billion ($1.8 billion) through 2030 to keep the struggling plants open and protect the country's fuel security.

In the space of four months, Australia has lost half of its remaining oil refineries. In October, BP announced it was closing its Kwinana oil refinery in Perth and converting it into a fuel import ...

Australia's two remaining oil refineries in Queensland and Victoria will be encouraged to stay put under a $2 billion plan designed to shore up the nation's fuel security.

The looming closure of three Australian refineries will affect the security of liquid fuel supplies in Australia. This is particularly so if the government and the oil industry do not devise a ...

Australia has reached a deal to keep its last two oil refineries open with up to A$2.3 billion ($1.79 billion) in support until 2030 to ensure the country's long-term fuel security, Prime Minister ...

A coronavirus-driven collapse in fuel demand is threatening Australia's oil refining industry, just as supply chain disruptions wrought by the pandemic have focused the government on the need to ...

Ampol (formerly Caltex Australia) and Viva Energy will keep their oil refineries operating until at least 2027 following a $2.3 billion (Aus.) subsidy deal with the Australian government. The ...

Australia’s entire oil refining industry could be gone within a year after energy heavyweight BP Australia announced the closure of its WA refinery, setting a tense backdrop for meetings between ...

A growing number of refineries are being shuttered on lower demand, raising questions about Australia’s national energy security ...

Australia is set to become Asia's biggest importer of fuels, opening up trading opportunities in one of the world's most profitable energy markets, as ageing Caltex and Shell oil refineries near ...

Australia’s two remaining oil refineries will continue operating for at least another six years, saving the jobs of more than 1200 workers, after fuel suppliers Ampol and Viva Energy reached a ...

Out of Brisbane harbor last week sailed the coastal tanker Millers McArthur, carrying a cargo of crude oil from the fields at Moonie, Queensland, to a refinery in Kwinana, Western Australia. The ...