Mike Bennetts
Z Energy CEO says more onshore storage would increase cost
Z Energy, owner of the dodgy shipment of aviation fuel, says their next shipment will arrive by 12 December at the latest.
Airlines are being forced to ration their fuel allowance at Auckland… Audio
Investigations into jet fuel, rationing possible - Z Energy
Airlines may have to ration jet fuel until late December, following the import of a bad batch.
The Ministry of Business, Innovation and Employment is warning Christmas travel plans could be disrupted… Audio
Government takes aim at fuel prices, delays biofuel mandate
The Commerce Commission is getting the power to step in to stop petrol companies price gouging.
And, as low-lying island states demand forceful immediate action at the COP27 climate change… Audio
Business News for Wednesday 26 October 2022
Business news for Wednesday 26 October 2022 Audio
Climate Leaders Coalition signatories commit $9.5 billion to reduce emissions
The Climate Leaders Coalition's third anniversary snapshot shows Kiwi businesses have invested $9.5b into emissions reduction. Audio
Can NZ meet Climate Change Commission's EV goals?
High cost, battery range, and even earthquakes are all being listed as reasons to doubt the rapid growth of electric vehicles.
The Climate Change Commission wants four in every ten new cars to be… Audio
Business leaders unite in support of climate action
Two climate-focused business groups, The CEO-led Climate Leaders' Coalition, and the Sustainable Business Council have got together to share resources, amplify their message and accelerate climate… Audio
Coronavirus: Unused fuel puts pressure on storage facilities
As the world has moved to try to contain the spread of Covid 19, global demand for fuel has dropped dramatically.
This has led to a buildup of stock and pressure on storage facilities. New Zealand is… Audio
Business News for 1 November 2019
News from the business sector, including a market report. Audio
Competition and weaker dollar drive down Z Energy's profit
Tougher competition, falling margins and a weaker New Zealand dollar, have battered the profit of the country'siggest fuel retailer Z Energy. Audio
Global oil prices spike
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
Z Energy finds flaws in Com Com draft fuel sector report
The Commerce Commission's being accused of miscalculating how much money fuel retailer Z Energy is making in its initial report on competition in the sector. Audio
Z Energy says increasing competiton has hit profit outlook
Fuel company, Z Energy, says unprecedented competition and tighter margins are hurting its earnings. Audio
Wholesale fuel market needs to be freed up
The country's biggest fuel retailer Z Energy says the Commerce Commission's estimate of what fuel companies should be earning on their investments is too low. Audio
Climate Leaders' Coalition turns 1: what's been achieved?
Over 100 businesses, including some of the country's biggest, have signed up to the year-old Climate Leaders' Coalition. 60 businesses including Z Energy, Fonterra, Air New Zealand, Kiwi Rail, Ngai… Audio
Z Energy profit down amid tough trading conditions
Z Energy has reported a lower profit with higher fuel prices prompting people to avoid the pump and the lengthy shutdown of the Marsden Point refinery reducing oil margins. Audio
Fuel market persists competitiveness
Top fuel companies are adamant they're operating in competitive market, citing expanding retailers, flat-lining margins and frequently-offered loyalty discounts. Audio
Cheaper oil takes a load off Z Energy
A sharp fall in the price of oil has lifted the weight off Z Energy's margins and reversed its earlier financial warnings. Audio
Crashing oil prices eases pressure at the petrol pump
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
Z Energy's profit disappoints
The country's biggest fuel company, Z Energy, is apologising for its first half profit calling it poor, disappointing and showing company underperformance. Audio