The Age
·general
·2 hours ago
Asian refineries face $140 per barrel crude oil, raising fuel cost concerns
Asian refineries are now paying over $US140 a barrel for immediate crude oil supplies, highlighting a looming supply crisis. Experts warn that soaring prices could further inflate Australian fuel costs, which recently averaged $2.24 a litre. With the ongoing disruption in the Strait of Hormuz, Brent futures may rise closer to physical prices in the coming weeks.
Summary by Glance · The Age
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