Australia Says Doesn’t Need Russian Fuel After Trump Diesel Move Garfield Reynolds Australia has no need to buy fuel from Russia and said that purchases from there will remain barred so that the country doesn’t benefit from the invasion of Ukraine.“We don’t need or want Russian fuel in Australia,” Chris Bowen, Australia’s minister for climate change and energy, said Saturday at a press conference in western Sydney. “We do not want Vladimir Putin to benefit from this war in the Middle East. What the United States does is a matter for them, but we won’t be changing our approach.”President Donald Trump announced Friday a series of cargoes beginning this month totaling about 13.5 million barrels, initially. He is working with Russian President Putin to release Russian diesel supplies into global markets, a move that upends years of sanctions as the White House seeks ways to tame soaring fuel prices ahead of the US midterm election.
Bowen also said that Australia has 43 days worth of petrol, two days more than a week earlier, while diesel stocks sit at 31 days worth, one day less.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing