Australia's PM Albanese says that they are to lift minimum stockpiles of every type of fuel by around 10 days, the fuel reserve is to be around 1 billion litres and the package is to cost more than AUD 10bln

Australia's Prime Minister Albanese's announcement to increase minimum fuel stockpiles by around 10 days reflects a proactive approach to energy security, especially given current global supply uncertainties. This move, involving a significant investment, could bolster domestic markets, particularly energy assets, while also signaling potential inflationary pressures in the energy sector.