Latest Oil Refining News

Ampol's first half 2026 earnings soared, powered by a resilient supply chain and a sharp rise in refinery margins driven by Middle East geopolitical tensions.

Viva Energy’s 1H26 EBITDA surged to an estimated $770-$780 million, more than doubling from 1H25, driven by elevated refining margins amid Middle East supply disruptions and robust retail and commercial sales.

Viva Energy has brought its Residue Catalytic Cracking Unit back online at the Geelong Refinery, pushing production to over 90% capacity following a fire in April. However, the Alkylation unit remains offline and is expected to be out of action throughout 2027.

Ampol Limited showcased resilience in 2025 with strong refining margins supported by government payments and robust retail growth, while awaiting ACCC approval for its EG Australia acquisition promising significant synergies.

Viva Energy is progressing repairs at its Geelong Refinery following a fire that disrupted key units, aiming to resume near-full production by June while maintaining fuel supply.

Ampol reported a robust first quarter in 2026, with refinery margins soaring to US$25.45 per barrel and production up 10%, while securing fuel supplies through May despite geopolitical tensions.

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.