Australia Is Growing Dangerously Dependent On Foreign Fuel ...Middle East

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Australia Is Growing Dangerously Dependent On Foreign Fuel
source : OILPRICE ( Middle East ) () 23
The pandemic has accelerated refinery closures globally as refiners and oil majors acknowledge that some sites have become permanently uneconomical amid depressed refining margins, fierce regional competition, and expectations of declining road fuel demand in the long term.  For many countries, the closing of refining capacity means increased dependence on imports and heightened risk of fuel supply disruption in case of a major regional or world conflict.    Nowhere is this more evident now than in Australia, which will soon…

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