Australia's Energy Minister reports that a fire at Viva Energy's (VEA AT) refinery is still not under control, while diesel and jet fuel output continues, but refinery fire may hit petrol production more

The ongoing fire at Viva Energy's refinery in Australia is a potential concern for gasoline production, which could tighten supply amid steady diesel and jet fuel output. If the situation worsens and significantly impacts petrol production, we might see upward pressure on gasoline prices, especially given the current supply-demand dynamics in the commodities market. Traders should monitor crude oil and gasoline futures for potential volatility as this situation develops.