Key Facts:
- Research shows strong correlation between global oil prices and Australian corporate insolvencies over the past 25 years
- Record 14,722 insolvencies in 2024-25 primarily attributed to COVID hangover rather than oil prices
- Oil price projections of $90-100 USD per barrel expected to create a Multiplier Effect on existing business pressures
- Oil impacts business failures through four channels: transport costs, raw material prices, reduced consumer spending, and interest rate pressure
- Government’s temporary fuel excise cut deemed insufficient for long-term crisis management, with calls for more sustained support measures
FOR IMMEDIATE RELEASE
1st April 2026
New analysis released today by Halo Advisory…