How secure is Australia's fuel supply? | The Business | ABC NEWS

By ABC News (Australia)

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Australia has enough fuel … for now. But there are big questions about our fuel security in the coming months. The conflict in the Middle East has taken out about one in five barrels of oil from global supply, and the longer that continues the more expensive things get. However, Australia produces far more than LNG — liquified natural gas — than it uses, and some of the countries that send fuel to Australia need our LNG. So there could be some hard bargains to be driven. ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook: http://facebook.com/abcnews.au Follow ABC NEWS on Instagram: http://instagram.com/abcnews_au Note: In most cases, our

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