"Bowen stated that six ships from Malaysia, Singapore, and South Korea, expected to arrive next month, were cancelled or deferred. The federal government is working to replace the ships, with some already substituted."
"Bowen emphasized that the flow of oil to Asian refineries has slowed, which has downward impacts on Australia. He noted that while people may think all ships will stop suddenly, it is more likely there will be bumps in supply."
"Fuel supplies within Australia are slightly higher than before the crisis, with 38 days of petrol and 30 days of diesel and jet fuel. However, disruptions are expected for shipments arriving in late April and May."
"Kevin Morrison highlighted that a warning from Malaysian officials about prioritizing domestic needs is significant, as major producers like South Korea, Japan, and India are vulnerable due to their low oil production."
Six oil shipments from Malaysia, Singapore, and South Korea to Australia have been cancelled or deferred. The federal government is working to replace these shipments, with some already substituted. Australia typically receives about 80 oil shipments monthly, mainly from Asia. Energy Minister Chris Bowen noted that while fuel supplies are currently adequate, future disruptions are anticipated. Analysts warn that major Asian producers may prioritize domestic needs, potentially impacting exports to Australia.
Read at www.theguardian.com
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