Latest Oil Refining News

The Australian Government has increased financial support thresholds for Viva Energy’s Geelong Refinery, reflecting rising operating costs and reinforcing domestic fuel security through the decade.

Ampol has welcomed key amendments to the Fuel Security Services Payment scheme and postponed refinery maintenance to increase domestic fuel production amid global supply disruptions.

Viva Energy’s latest quarterly update reveals a modest rise in commercial fuel volumes driven by aviation, while convenience retail sales decline amid store conversions and illicit trade pressures.

Ampol Limited reports a robust fourth quarter Lytton Refiner Margin of US$15.14 per barrel, underpinning a strong preliminary FY25 earnings update with an expected EBIT of approximately $945 million.

GrainCorp reported a resilient FY25 with underlying EBITDA rising to $308 million, supported by record grain handling and oilseed crush volumes despite a challenging global margin environment. The company maintained a strong balance sheet and returned solid dividends while advancing strategic growth and sustainability initiatives.

Viva Energy’s 3Q2025 update reveals modest sales growth driven by commercial fuel demand, refinery margin gains, and ongoing cost-cutting efforts amid leadership changes.

Viva Energy's half-year results reveal a resilient Commercial segment offsetting pressures in Refining and Retail, as the company advances its retail transformation and cost synergy targets.

Viva Energy has reported a stronger-than-expected first half EBITDA, buoyed by operational efficiencies and refinery margins, even as convenience sales face headwinds from tobacco regulation.

Ampol Limited has unveiled its 2025 strategic roadmap focusing on refinery upgrades, retail expansion, and energy transition initiatives, aiming to boost margins and operational efficiency.