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Nick Toscano

Nick Toscano

Nick Toscano is a business reporter for The Age and Sydney Morning Herald.

Motorists queue up to get fuel at a pump in Ahmedabad, India, this week.

Cycling to work, staying home, cutting school hours: How the world is handling the fuel crisis

Australia is considering “light touch” ways to conserve fuel, while other nations are already taking drastic measures to curb their use of petrol.

  • Nick Toscano

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Petrol prices keep going up as the conflict continues.

Fuel supply heads for cliff at end of April as petrol prices in Australia hit record highs

Asian fuel refineries are running down their inventories, raising unanswerable questions about Australia’s fuel security.

  • Mike Foley and Nick Toscano
Australia’s second-largest oil and gas producer has had to shut down exports from Darwin, just as global prices are spiking.

Santos halts gas exports from Darwin amid global energy scramble

The oil and gas giant has been forced to suspend shipments from a key Australian gas-export terminal just as the war in Iran ignites demand and prices.

  • Nick Toscano
Ampol blamed panic buying for fuel shortages.

Fuel chief blames panic buying for ‘short-term’ shortages

The nation’s largest petrol station operator is racing to lock in alternative fuel shipments.

  • Nick Toscano

The charts that show how the oil shock is worsening and hitting motorists

The longer the crisis persists, the greater the danger of even bigger price rises, or even shortages, hitting home.

  • Nick Toscano
Wholesale electricity prices have fallen, and this will be passed on to households.

Household electricity prices to fall as much as 10% after green energy surge

The regulator has proposed the steepest reductions in electricity prices for households since 2022, but the outlook remains clouded by the war in Iran.

  • Nick Toscano
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BHP’s new boss Brandon Craig (left) talks to the media with chair Ross McEwan (centre) and outgoing CEO Mike Henry.

BHP cushioned from geopolitical shocks, incoming boss says

BHP Americas chief Brandon Craig will succeed Henry as chief executive of Australia’s largest mining company in July.

  • Simon Johanson and Nick Toscano
buying petrol across the country has been shared on social media since the US and Israel struck Iran on February 28. (Riverstone, NSW, and Melbourne in early March pictured in this GIF).

As some hoard petrol, here’s our last line of defence against a fuel shortage

Australia has 36 days’ supply of petrol stored in vast containers around the country. Whether that is enough is up for debate.

  • Nick Toscano and Bronte Gossling
Te 70-year-old Geelong oil refinery was the first in a wave of postwar refineries to come onstream across Australia. Today, it is one of just two that remain.

Local refiners seek federal lifeline as fuel supply fears grow

Labor is locked in high-stakes talks to keep Australia’s last two oil refineries open as Middle East fuel shock fears deepen.

  • Nick Toscano
The Iran conflict could see drive gas price spikes that may eclipse those seen when Russia invaded Ukraine in 2022.

Push for gas tax as LNG exports reap huge profits after one week of war

Gas prices tripled in 2022, which was the last time an international conflict hit energy markets. Experts say it may happen again due to the Iran war.

  • Mike Foley and Nick Toscano