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Talking Point: Fuel supply — always just three weeks from disaster
2 weeks ago

Talking Point: Fuel supply — always just three weeks from disaster

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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Viva Refinery marks 12th incident response callout after Monday leak
4 weeks ago

Viva Refinery marks 12th incident response callout after Monday leak

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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Australia needs its own fuel reserves
1 month ago

Australia needs its own fuel reserves

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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Scott Morrison will push Trump for fuel security deal in White House talks
2 months ago

Scott Morrison will push Trump for fuel security deal in White House talks

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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More Australia’s fuel supplies vulnerable if Middle East conflict cuts supply
2 months ago

More Australia’s fuel supplies vulnerable if Middle East conflict cuts supply

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 soar amid fears of war after drone strikes wipe out half of Saudi Arabia’s crude production
2 months ago

Oil prices soar amid fears of war after drone strikes wipe out half of Saudi Arabia’s crude production

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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Australia well supplied for oil: Institute of Petroleum CEO
2 months ago

Australia well supplied for oil: Institute of Petroleum CEO

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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Australia will need more petroleum imports, but where will we get them from?
3 months ago

Australia will need more petroleum imports, but where will we get them from?

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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Low fuel stocks endangering Australia’s economy and security
3 months ago

Low fuel stocks endangering Australia’s economy and security

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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Fuel deal won’t lessen risk of pumps running dry
3 months ago

Fuel deal won’t lessen risk of pumps running dry

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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