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Australia’s Fuels Dependence Turns Into a Crisis
Yahoo Finance· 2026-03-25 23:00
For the first time in decades, Australia has turned to the US as an emergency supplier . Around 240,000 tons of refined fuels have been secured – including roughly 120,000 tons of diesel, 70,000–80,000 tons of gasoline, and about 35,000 tons of jet fuel. The shipments consist of at least six vessels: three multi-product cargoes from ExxonMobil, two diesel shipments from BP, and one gasoline cargo from Vitol. Collectively, this marks the largest monthly inflow of US fuel to Australia since the 1990s.The impa ...