Australia's PM Albanese says 80% of diesel production and 80% of aviation fuel production is continuing, while 60% of petrol output continues at Viva Energy's (VEA AT) Geelong refinery following the fire
Context
This update from Australia regarding the fire at Viva Energy's Geelong refinery suggests that while there's a significant impact, a majority of diesel and aviation fuel production remains operational. The continued production levels, particularly for petrol, may help stabilize fuel markets and mitigate sharper price increases. However, any prolonged operational disruptions should be monitored for potential supply chain ramifications in the commodities space.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#ENERGY#ASIAN SESSION#COMMODITIES#GASOLINE#ENERGY & POWER