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Russia has hit back at a price cap on its crude oil implemented by Western allies on Friday.

The cap of sixty US dollars per barrel is mean to curb Russia's ability to spend on the war in Ukraine.

… Audio

New Zealanders like to think we have a “Number 8 Wire Mentality” - a rough and ready enthusiasm for fixing and building stuff with limited resources.  Video, Audio

Questions are being asked about the sluggish drop in fuel prices following a slump falls in the cost of crude oil.

While the cost of petrol at the pump is gradually going down the price of diesel… Audio

The price of oil has settled in recent days after a surge in the past couple of weeks to levels not seen since 2008. Many experts predict the price of oil could reach $240 a barrel this winter if… Audio

The invasion of Ukraine has pushed the price of petrol to 3-dollars a litre in some regions. Russia is the second largest exporter of crude oil in the world but western economies are now looking… Audio

As oil prices soar, petrol prices have smashed the $3 a litre mark .. is now the time to switch to an EV? Jack Harley is the CEO and founder of YourCar, a business that connects dealers and consumers… Audio

Professor Alan Brent, Chair in Sustainable Energy Systems at Victoria University of Wellington discusses what the unprecedented drop in oil prices means for New Zealanders. Audio

Global demand for oil has collapsed because of the pandemic, because no one's going anywhere, and there's a shortage of space to store the excess supply. Apart from cheaper petrol at the pumps, what… Audio

Markets around the world have been shaken by a perfect storm of the coronavirus and an oil shock.

The NZX Top 50 was down around five percent in early trading on Tuesday morning, before bouncing back… Video, Audio

Markets around the world have been shaken by a perfect storm of the Covid-19 spread and an oil shock.

The New Zealand share market has clawed back much of its losses and closed down 194 points, about… Video, Audio

Fears over Covid-19 and a huge plunge in oil prices due to oversupply have hit global sharemarkets with billions of wiped from the market value of companies around the world. Overnight European stocks… Audio

Markets around the world suffered dramatic losses on Monday as a new oil war sparked by the Covid-19 outbreak sent crude prices plummeting.

Just after markets opened, crude prices briefly dropped as… Audio

Z Energy is defending yesterday's six cent price hike, saying that's how much it would have cost to replace the fuel in its tanks.

Z and BP both increased their prices by six cents after drone… Audio

Meanwhile, Mr Bennetts says there's little doubt the company will raise pump prices in the wake of the attack on the oil processing plant in Saudi Arabia. Audio

There are fears that Saturday's drone attacks could push up fuel prices to over 100 US dollars a barrel. Saudi Arabia is the world's largest exporter of crude oil and the strikes on state-run oil… Audio

A Morning Report listener, queried why in our main market reports we always quote oil prices in US dollars ... wouldn't it be far more useful to quote it in New Zealand dollars asks Ian of Kaimamaku… Audio

Political fallout from a controversial loan taken on by Papua New Guinea's government five years ago continues to plague leading politicians. But an issue over which the parliamentary opposition has… Audio

Papua New Guinea's government is under pressure over its handling of the country's burgeoning gas sector.  Audio

Local economists have stress-tested what implication volitle oil prices could have on inflation here. Audio

A major fall in oil prices overseas has dropped the price of fuel here, sweetening the industry's outlook for the end of the year. Audio

There are plans to roll-out a natural insect repellent in the Pacific and promote local production, after trials were conducted in New Caledonia. Audio

An Australian economist with a long interest in the state of the Papua New Guinea says the government is inflating revenue figures and understating spending. Audio