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Victorian fuel prices could spike by 20c a litre due to Geelong refinery fire, experts warn

Some petrol stations may see short-term fuel outages as refinery output slows, but national supplies should not be affectedFull report: Geelong oil refinery fireGeelong oil refinery fire: what we know so farFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastVictorian motorists are being warned to brace for a spike in petrol prices of up to 20c a litre due to a huge blaze at Viva Energy’s oil refinery in Geelong, but oil and supply chain experts say the effects should be short-lived.Viva’s Corio facility is one of two domestic refineries that reduce Australia’s heavy reliance on direct imports of ready-to-use oil products from Asia. Continue reading...

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US launches fifth strike on alleged Pacific drug boat in a week, killing three

Wednesday’s strike brings the total of those killed in US military strikes on alleged drug boats to at least 177Three people were killed in a US strike on another alleged drug-trafficking boat, the fifth such deadly attack in as many days, military officials have announced.US southern command said it conducted “a lethal kinetic strike on a vessel operated by Designated Terrorist Organizations” in the eastern Pacific, without naming the alleged group, in an X post. Continue reading...

Geelong fire: blaze at one of Australia’s two oil refineries extinguished after 13 hours as fuel supply fears remain

Petrol production affected and full extent of damage unknown after ‘unprecedented’ fire at Viva refinery in CorioFollow our Australia news live blog for latest updatesGeelong oil refinery fire: what we know so farGet our breaking news email, free app or daily news podcastAn explosive fire at a Geelong oil refinery – which supplies half of Victoria’s fuel and 10% of the nation’s – has been extinguished, though petrol production continues to be affected and authorities warn the full extent of the damage is still unknown.The blaze at the Viva Energy facility in Corio – one of two refineries left in Australia – broke out just after 11pm Wednesday, with Fire Rescue Victoria alerted to the blaze by multiple calls to triple zero “reporting explosions and flames”. Continue reading...

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Australia boosts military spending as Iran war makes global impact

Australia's defense minster says the Iran war had greatly complicated the global strategic landscape and the country is significantly increasing its military spending

How South Korea plans to use the Iran crisis to spur a renewables revolution

Energy crisis unfolding in Middle East has added political urgency, and more funding, to transform South Korea’s solar industryIn Guyang-ri, a farming village of 70 households about 90 minutes south-east of Seoul, people gather for communal free lunches six days a week. The meals are funded by the village’s one-megawatt solar installation, which generates roughly 10m won ($6,800) in net profit each month.“Residents eat lunch together every day, so we see each other’s faces, talk together,” says Jeon Joo-young, the village chief. “Bonds and solidarity between residents become much stronger. Life becomes more enjoyable.” Continue reading...