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Australian iron ore giant Fortescue is fast-tracking the rollout of solar panels, wind turbines and batteries to power its mines in the Pilbara.

Mining giant speeds up plan to eliminate diesel use amid global crunch

Fortescue has cited the war in the Middle East as a major driver for the industry to end its reliance on volatile fossil fuels.

  • Nick Toscano

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The Albanese government’s temporary halving of the fuel excise for three months will cost an estimated $US2.55 billion.

The world’s finances weren’t ready for an energy shock of this magnitude

Governments’ finances were already stretched before the war in Iran sent energy costs soaring.

  • Stephen Bartholomeusz
At least 55 ships carrying oil and refined fuel are headed for Australia by the end of April. Arrows are ships en route to Australia; squares are still at port.

The fuel crisis is painful, but Australia has an advantage many don’t

The nation confronts the prospect of dire economic consequences if the Iran war drags on. But we’re not entirely helpless.

  • Mike Foley
An aerial view of the Ampol oil refinery in Brisbane. Australia has just two oil refineries.

Why Australia can’t just drill its way out of a global crisis

Despite the government’s confidence that the nation can avoid a crippling fuel shortage, attention has turned to what options Australia has in its own backyard. Do they stack up?

  • Mike Foley
At least 55 ships carrying oil and refined fuel are headed for Australia by the end of April. Arrows are ships en route to Australia; squares are still at port.

Australia scoured the world for fuel supplies. It’s working

More than 50 tankers are currently headed towards Australian import terminals as major petrol and diesel suppliers race to head off shortfalls.

  • Nick Toscano
Sold out signage on the petrol bowsers at Ampol Foodary Kingsford.

Trump’s rotten Easter egg will doom oil’s future too

Thanks to the Middle East crisis, Aussies are feeling the heat on the longest weekend on our calendar. It doesn’t have to happen again.

  • Colin Kruger
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The war in Iran has choked fuel supplies and pushed up the cost of petrol and diesel worldwide.

Fuel prices fall as Australian servos fast-track excise cuts

Petrol prices in Australia’s biggest cities have started to fall as retailers move unexpectedly early to pass on the government’s 26¢ excise cut in part or in full.

  • Nick Toscano and Mike Foley
Donald Trump speaks to reporters as US Defence Secretary Pete Hegseth listens while travelling aboard Air Force One.

Trump is ready to back down – but should we believe him?

Markets responded enthusiastically to signals from the US president that the end of the war is nigh, but they have been burnt before.

  • Stephen Bartholomeusz
The fuel excise tax cut is a mere drop in the ocean compared to the price hikes coming for two big Australian household bills this April 1.

All the changes kicking in today that will impact your hip pocket

Millions of Australian households, already grappling with interest rate hikes, have two more growing bills their budgets will need to account for.

  • Bronte Gossling
Two young women in traditional Chinese costumes on an electric scooter in east Beijing’s Dongcheng district.

China poised to reap rewards of global green shift as energy panic grips Asia

The country is not immune from skyrocketing oil prices, but Beijing’s intervention has cushioned the blow at it stands ready to reap the rewards of a potential global surge in the uptake of EVs, batteries and solar.

  • Lisa Visentin