Business
Brisbane’s floods wiped $15 million from Ampol’s earnings for the March quarter, but its Lytton refinery has been revived from near closure to a money spinner.
Business
From a childhood in Darwin to Brisbane’s State High and then on to a career that included the leadership of Dow Chemical, Andrew Liveris has lived a life of headlines in the US.
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It’s a good time to be a coal producer. Just as Gautum Adani’s controversial central Queensland coal mine comes on line Vladimir Putin has upended the world energy markets and lit a rocket under the price of thermal coal.
A US ban on imports of Russia’s oil has ratcheted up punishment for the invasion of Ukraine as McDonald’s and Starbucks closed outlets and Moscow promised safe passage for some to flee after Kyiv said one route was shelled.
Petrol could spike to $2.20 a litre in the next few weeks as Russia’s invasion of Ukraine sends oil prices soaring.
Days after the Federal Government handed it $1 billion in subsidies to keep its Lytton refinery open, Ampol has started the inevitable move to renewables.
A complex and long-running bribery investigation focusing on Iraqi oil contracts worth billions of dollars has led to charges against a 54-year-old Brisbane executive.
