Supply

THE attack on a crucial Saudi oil facility last month shows again the fragility of Australia’s reliance on market forces and international shipping for its supply of liquid fuel.

Thankfully, …
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Emergency services have been called to Geelong’s oil refinery at least 12 times in 2019, again rushing to a leak at the Corio plant on Monday.

The CFA was called …
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The heightened risk to Australia’s energy security from external shocks was starkly illuminated by the September 14 missile and drone attack on two of Saudi Arabia’s key oil installations, halving …
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Prime Minister Scott Morrison will raise a plan to buy millions of barrels of oil from America’s vast, closely-held fuel reserves to guarantee Australia’s liquid fuel security when he meets …
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Last weekend’s attack on Saudi Arabia’s biggest oil-production facilities is a stark reminder of the vulnerability of the world’s oil supplies.

More than 5 per cent of global supply was …
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Oil prices surged by almost 20 per cent on Monday after two drone attacks wiped out more than half of Saudi Arabia’s crude supply.

The price of Brent crude jumped by nearly 20 per cent …
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One of Australia’s peak petroleum bodies says the nation does not need its own strategic oil stock reserves, despite the bombing of several Saudi Arabian oil stations.

Energy Minister Angus …
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Since 2003, Australia has become heavily reliant on oil imports as demand rises but four refineries closed and none have replaced them.

The most recent Australian Bureau of Statistics estimates …
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FOR SOME TIME now there have been rumblings in the media about how low the nation’s fuel reserves have been allowed to get to. I first read about it over 18 …
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Energy Minister Angus Taylor has announced that the government is negotiating to buy millions of barrels of oil from America’s fuel reserve under an emergency strategy to lower the risk …
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