Crude Oil Prices Don’t Reflect the Global Supply Crisis

Hundreds of service stations across Australia reported fuel shortfalls as the war in the Middle East disrupted global supplies. The outages create near-term upward pressure on domestic petrol prices and heighten supply-chain risks for transport and retail fuel, posing sectoral downside risk to energy and logistics exposures.

Analysis

Hundreds of service stations across Australia reported fuel shortfalls as the war in the Middle East disrupted global supplies. The outages create near-term upward pressure on domestic petrol prices and heighten supply-chain risks for transport and retail fuel, posing sectoral downside risk to energy and logistics exposures.