fuel production

Minutes before Trump appeared on Iran, oil traders made unusual moves

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A man is holding a can of petrol next to his car.

The winners are thin on the ground now. In a case of bad timing, US President Donald Trump last week planned Easter Monday as the day he would “raise hell” if Iran’s leaders reject his latest peace plan. Iran war updates: For the latest on the Middle East conflict, read our blog. It was after … Read more

Economists warn that the price of gasoline may decrease due to tailgating.

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Men in suits speak at a press conference

Motorists will pay up to 26.3 cents on every liter of fuel they buy for three months, but some economists warn it could ultimately leave Australians worse off. Treasurer Jim Chalmers today marked the government’s decision to temporarily cut fuel tax to ease the cost of living, predicting it will reduce the cost of a … Read more