Australia secures jet fuel from China to keep flying in energy squeeze

AI Summary

In response to escalating energy demands, Australia has arranged for three shipments of jet fuel from China, amounting to a total of 600,000 barrels. This strategic procurement aims to alleviate rising fuel prices caused by regional conflicts.

SYDNEY (May 19): Australia has secured three shipments of jet fuel from China totalling 600,000 barrels, Prime Minister Anthony Albanese said Tuesday, doubling the national supply. The Middle East conflict and closure of the Strait of Hormuz have caused fuel prices to soar and left many Asia-Pacific nations facing an energy crisis. Tourism and freight exports [...] The post Australia secures jet fuel from China to keep flying in energy squeeze appeared first on Borneo Post Online.