• Guests may view all public nodes. However, you must be registered to post.

Lets Talk Oil-(CLOSED)

Status
Not open for further replies.
As of early March 2026, Australia imports approximately
90% of its liquid fuel (petrol, diesel, and aviation fuel). While there is no definitive, publicly released number for the exact volume of oil not coming into the country, the system is facing significant strain due to the escalating conflict in the Middle East.
The Guardian +2
Key, up-to-the-minute data regarding the current oil supply situation in Australia:
  • Import Reliance: With only two domestic refineries operational (down from 12 in the past), Australia is highly dependent on imports from Singapore, South Korea, and Japan.
  • Impending Shortage Concerns: The conflict has raised fears of a "supply crisis" for specific sectors, with some regional distributors in Queensland reporting they were only receiving about 10% of their usual volume of fuel.
  • Strategic Reserve Shortfall: Australia has been non-compliant with International Energy Agency (IEA) requirements to hold 90 days of net imports since 2012.
  • Current Stockpile Levels: As of March 2026, the country holds an estimated 36 days of petrol, 34 days of diesel, and 32 days of jet fuel. Other reports indicate that actual, onshore, immediate-use stocks are lower, with some reports citing just 26 days of gasoline and 25 days of diesel.
  • Supply Security: Despite warnings, the Australian Energy Minister has indicated that supply contracts are in place, but that the country is not meeting its 90-day IEA obligation.
    The Guardian +6
Summary of risk: While fuel is still arriving, the combination of high reliance on international supply chains and the disruption in the Middle East has created a "vicious cycle" where panic buying is compounding fears of a shortage.
 
Lostpuppy said:
Good luck to the Aussies and Kiwis,
a world in crisis mode 3
Click to expand...
No shit not only an issue due to bad government in australia but in reality still caused by bs by israel and US. NO ONE LEARNT ANYTHING FROM THE BS COVID SITUATION ON HOW THE GLOBAL COUNTRIES SHOULD HAVE LEARNT FROM CLAIMING TO BE A SOVEREIGN COUNTRY.
WHAT A JOKE AND A SICK ONE AT THAT. IS AMERICA A SOVEREIGN COUNTRY? WITH STABLE FUEL PRICES? A sovereign country should be able to claim independance on more than these basic unacceptable everyday living conditions.
 
Last edited:
Who’s profiting and what’s the long term play?
Russia considering returning to the dollar for international trading. So deals might be being made. But it seems it’s not so much for individual profit as strengthening the dollar.
m.economictimes.com

Russia may return to US dollar settlement system in Trump deal: what the proposed US - Russia economic partnership includes and is BRICS de-dollarization now a dead game?

Over 60% of BRICS trade now settles in local currencies. That shift could slow fast. Russia is considering a return to the US dollar settlement system under a potential Trump economic deal. The proposal includes joint energy projects, natural gas investments, offshore oil, and critical minerals...
m.economictimes.com m.economictimes.com
 
Yingyang said:
No shit not only an issue due to bad government in australia but in reality still caused by bs by israel and US. NO ONE LEARNT ANYTHING FROM THE BS COVID SITUATION ON HOW THE GLOBAL COUNTRIES SHOULD HAVE LEARNT FROM CLAIMING TO BE A SOVEREIGN COUNTRY.
WHAT A JOKE AND A SICK ONE AT THAT. IS AMERICA A SOVEREIGN COUNTRY? WITH STABLE FUEL PRICES? A sovereign country should be able to claim independance on more than these basic unacceptable everyday living conditions.
Click to expand...
Actually this is a years long problem that Australia has been dealing with. The international energy agency has advised Australia to maintain a 90 day strategic energy reserve for decades. But Australia has placed to much faith in the just in time delivery system, (globalist economy). So much so it negatively impacted its two refineries.
Seems the real concerns and issues need taken up with the Australian government for their lack of planning and preparation
 
Publius said:
Actually this is a years long problem that Australia has been dealing with. The international energy agency has advised Australia to maintain a 90 day strategic energy reserve for decades. But Australia has placed to much faith in the just in time delivery system, (globalist economy). So much so it negatively impacted its two refineries.
Seems the real concerns and issues need taken up with the Australian government for their lack of planning and preparation
Click to expand...
 
Publius said:
Actually this is a years long problem that Australia has been dealing with. The international energy agency has advised Australia to maintain a 90 day strategic energy reserve for decades. But Australia has placed to much faith in the just in time delivery system, (globalist economy). So much so it negatively impacted its two refineries.
Seems the real concerns and issues need taken up with the Australian government for their lack of planning and preparation
Click to expand...
Its always easier just to blame America for their own countries problems. I see some good examples here on this board regularly.
 
NuclearID said:
Its always easier just to blame America for their own countries problems. I see some good examples here on this board regularly.
Click to expand...
So considering you can't blame israel or anyone else who is left for cause? Iran 🤣😂🤣🤣😂🤣🤣 yeah right american finger pointing compared to global ! No match in the slightest 🤣😂🤣🤣😂🤣 atleast on a global view considering the world view is so so much smaller , in your world (EG. US WORLD) that is compared to global.😉🫡🫣🙄🤣😂🤣
 
Last edited:
Almost doesnt matter now as all governments are guilty of graft, and…..
The money people will never, never , give a damn! All the warm and fuzzy, hugs commercials aside!!! The only way to send the signal you do not accept being a slave to the system,,,,, its a hard one, but stock buying from them,,, Counter productive, painful, yes!
Change doesnt not happen until enough people care enough to want change,
ok my rant for the day! appolgies sent to all readers🤔
 
Publius said:
Who’s profiting and what’s the long term play?
Russia considering returning to the dollar for international trading. So deals might be being made. But it seems it’s not so much for individual profit as strengthening the dollar.
m.economictimes.com

Russia may return to US dollar settlement system in Trump deal: what the proposed US - Russia economic partnership includes and is BRICS de-dollarization now a dead game?

Over 60% of BRICS trade now settles in local currencies. That shift could slow fast. Russia is considering a return to the US dollar settlement system under a potential Trump economic deal. The proposal includes joint energy projects, natural gas investments, offshore oil, and critical minerals...
m.economictimes.com m.economictimes.com
Click to expand...
Wonder what Russian oligarch would vote for that choice? Most of their US and world investments are USD!!!
 
😂😂😂😂😂 Russia oil drops!!!! beliw 100$USD

Have a look at coal and aluminum

Commodities - Live Quote Price Trading Data

Trading Economics provides data for several commodities including live bid/ask quotes, last trading prices, forecasts, charts with historical time series and news. This table was last updated on Wednesday, April 29, 2026.
tradingeconomics.com tradingeconomics.com
 
Lostpuppy said:
Almost doesnt matter now as all governments are guilty of graft, and…..
The money people will never, never , give a damn! All the warm and fuzzy, hugs commercials aside!!! The only way to send the signal you do not accept being a slave to the system,,,,, its a hard one, but stock buying from them,,, Counter productive, painful, yes!
Change doesnt not happen until enough people care enough to want change,
ok my rant for the day! appolgies sent to all readers🤔
Click to expand...
Understandable 😉👍🤝✊️👎🤷‍♂️
 
Lostpuppy said:
Wonder what Russian oligarch would vote for that choice? Most of their US and world investments are USD!!!
Click to expand...
It’s oligarchs or the nation itself, it really doesn’t matter. It’s indicative that long term sanctions have worked.
The nation or Russia or those who hold the reins of power are tried of watching their gdp get tied up minimized and unduly spent on war. They want a new boat.
 
Yingyang said:
Understandable 😉👍🤝✊️👎🤷‍♂️
Click to expand...
Nations need wealth and money people to invest and build things.
Some nations a wealthy people do a better job at it than others.
But those are not my monkeys or circus.
 
Oil WTI/Brent up thru 90$ , Gold Silver up but stable, Urals ( Russia) oil has maintain ed 84-86 on world markets,

Release of Emergency oil stock hasnt made a big impact on price, hopefully for nations like Aust/NewZealand, it may at least get help to the producers on the farms,

Commodities - Live Quote Price Trading Data

Trading Economics provides data for several commodities including live bid/ask quotes, last trading prices, forecasts, charts with historical time series and news. This table was last updated on Wednesday, April 29, 2026.
tradingeconomics.com tradingeconomics.com
 
Status
Not open for further replies.
Back
Top Bottom