$200 a barrel: The oil contracts that show how fuel crisis could worsen
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Source: The Age
Published: 2026-04-15 05:00 UTC+10:00
Section: Business / Markets
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Transport, Australia, Energy, Economy & Finance, Financial Markets, Business & Economy
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Snippet:
Asian refineries that provide the bulk of Australia’s petrol and diesel are paying up to $US140 a barrel for readily available crude oil cargoes – well above prices of around $US100 for months-ahead deliveries – in a sign of what experts warn is a worsening supply crunch gripping the market.
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