G7 to release 100 million barrels of oil and diesel after Trump export ban threat
The co-ordinated release is aimed at heading off further price spikes and avoiding a ban on US diesel exports.
Want to get this in your inbox every weekday? Sign up for the Afternoon Update here, and start your day with our Morning Mail newsletter Victoriaâs petrol prices could spike up to 20c a litre due to a huge blaze at Viva Energyâs oil refinery in Geelong, but oil and supply chain experts say the effects should be short-lived. Late on Wednesday, a fire broke out at the facility that provides about half of the stateâs petrol, and 10% nationwide, with an equipment error thought to be the cause. The federal energy minister, Chris Bowen, has said petrol, diesel and jet fuel continues to be produced at the refinery at reduced levels as a safety precaution. He said there would be an impact on petrol production. More than 80 unopened ballots found in SA seat won by One Nation prompts recount NSWâs highest court strikes down anti-protest law introduced in wake of Bondi beach terror attack Former NSW MP spruiked as âesteemedâ Liberal at campaign event â despite Icacâs âserious corrupt conductâ finding Australian federal court issues warning to lawyers over âunacceptableâ use of AI Democrats file articles of impeachment against Hegseth for âhigh crimes and misdemeanors

Apr 16, 2026 → Apr 16, 2026
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Read original at The Guardian →1 updates from 1 source.
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Read original at The Guardian →What this story stands on. Tier 0 is a primary record or the subject's own words; higher tiers must be attributed, never stated as bare fact.
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The co-ordinated release is aimed at heading off further price spikes and avoiding a ban on US diesel exports.
President Donald Trump signaled that his appetite to ban exports of US diesel has cooled given the risk of unintended price spikes, and one of his top deputies indicated Europe…
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This blog is closed â our live coverage continues in a new blog here State-run public transport in Pakistanâs capital and most populous province will be free for the coming…
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