High margins deliver NZ Refining huge result
Historically high refining margins, a weaker kiwi dollar and high plant reliability combined to give New Zealand Refining one of its best annual results on record.
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Latest fromOil & Gas
The stressed oil industry faces an existential crisis
The Saudis may go public, OPEC's in disarray, the U.S. is suddenly a global exporter, and shale drillers are seeking lifelines from investors as banks abandon them.
Brian Gaynor: Oil's plunge all about supply and demand
The sharp decline in oil prices is a simple case of economics 101, writes Brian Gaynor.
Petrol prices plunge - big cut tipped
Prices slashed for a second time this week with another tipped for tomorrow.
Obama to propose oil tax to fund US projects
US President Barack Obama is proposing a $10-a-barrel oil tax, phased in over five years, to pay for a variety of transportation initiatives.
Slew of US corporate earnings released this week
The Bank of Japan's unexpected decision to add monetary stimulus further lowered expectations that Fed policy makers will raise interest rates again.
Crude oil rises on hopes of deal
Crude oil prices have risen to their highest in three weeks on hopes for a pact among oil producers to cut output.
Wall St, oil prices move higher overnight
Wall Street moved higher with oil prices and better-than-expected US corporate earnings including from Facebook.
Oil weighs on equities overnight
Equities on both side of the Atlantic moved lower with the price of oil, while US Treasuries and gold rose.
Wealthy predators eye US shale firms
Energy guru says investors are poised to invest US$60 billion in fracking amid an Opec war of attrition.
Brian Fallow: Bad news for oil, good news for NZ
Oil prices have hit record lows - and expect them to go lower.
Air NZ soars as oil keeps sliding
New Zealand shares fell following oil-driven weakness in US and European markets, with Nuplex Industries and Sky Network Television while Air New Zealand rose.
Mark Lister: Crash, you call this a crash?
What's the point of market turmoil if the best stuff doesn't actually fall very far?
Watch: Crude oil price plunge
Another plunge in the price of crude oil sent stocks sharply lower on Wednesday, bringing the market to its lowest level in nearly two years.
World shares plunge on oil fall
US stocks recovered much of an early plunge, but oil suffered its worst one-day drop in months.
Why cheap oil is not an economic blessing
There are two different flavors of "supply side" economics.
Oil and China slump drives gloomy IMF outlook
IMF has lowered its forecast of global economic growth over the next two years amid the deepening slowdown in emerging markets.
Liam Dann: Why low prices are bad news
Inflation is at its lowest since 1999 - and that's at the heart of the biggest problem facing the economy.
Wall St up as China concerns ease
Wall Street moved higher overnight as investors found value in beaten-down stocks as the latest data from China eased concerns about the world economy.
Iran's back, but goalposts have shifted
It won't be business as usual for Iranian oil exporters. Much has happened since sanctions were tightened.
Wall St up as oil price recovers
Wall Street rose, as a recovery in the price of oil offered investors confidence to pick up beaten-down stocks.
Oil and China concerns smother markets
Concern about low oil prices and China's growth prospects has driven New Zealand's sharemarket lower.