production cut

Last week saw the conclusion of the Morrison government’s fuel excise tax cut, which lopped 22 cents a litre plus GST off the cost of fuel between the end of March and the end of September. On a rolling weekly average basis, this has…

Oil cartel OPEC and its Russian-led allies have announced a major cut in output.The decision to reduce oil production by two million barrels a day will drive up prices and increase pain for Western nations that are already struggling with…