The world economy is facing “one of the worst energy crises in history” that could send oil prices soaring above $US150 a barrel, a leading analyst has warned, as the New South Wales premier announced the nation’s biggest state was working to avoid any fuel shortages at major hospitals. Amid growing community concern that the country would run out of fuel because of the escalating Middle East conflict, the Albanese government on Thursday announced a plan that would inject millions of litres of additional petrol. Chris Bowen, the climate change and energy minister, said the distributor Ampol had agreed to
Fuel quality rules relaxed to rush 100 million litres into Australia’s supply
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