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The U.S. emergency oil reserve is below 300 million barrels for the first time since 1983

The SPR shed 6.1 million barrels last week, reaching its lowest level since January 1983 amid ongoing withdrawals tied to the Iran war

The U.S. emergency oil reserve is below 300 million barrels for the first time since 1983

We haven't written up this one. Quartz has the full story — the link below goes straight to it.

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Bank says it blocks $75k in dodgy subscription payments a day

The businesses involved aren't necessarily acting fraudulently because they often disclose details in the fine print - but that can be hard for customers to access.

  • Westpac blocked over $40 million in unwanted subscription payments last year
  • $75,000 average daily blocked, head of customer care Peter Barnes
  • Overseas websites trick customers into recurring payments without knowledge