Watch FIFA World Cup 2026™ LIVE, FREE and EXCLUSIVE

Biodiesel maker braces for oil price pain

Biodiesel company Australian Renewable Fuels has placed its shares in a trading halt while it assesses the damage inflicted by sliding oil prices.

Shares in Australia's only national biodiesel company have been halted from trading so the company can assess the fallout from the latest plunge in world oil prices.

Australian Renewable Fuels says it is assessing the impact of a "significant change" in trading conditions after oil prices slid beneath $US30 a barrel.

Shares in the company, which has plants in Victoria, South Australia and Western Australia, are expected to remain in a trading halt until Wednesday.

The stock last traded at 14.5 cents.


1 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world