Bowen

Energy minister says war on Iran creating ‘uncertain environment’ but insists government doing ‘all the preparatory work’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastSix oil ships bound for Australia have been cancelled in recent days but the federal government is not yet considering any drastic measures, the energy minister, Chris Bowen, says.Bowen said on Sunday that six ships from Malaysia, Singapore and South Korea, that had been expected to arrive next month, were cancelled or deferred. The federal government was working to replace the ships, with some already substituted, the minister told ABC TV. Continue reading...

Energy minister says country’s fuel supply has yet to be affected by war, following meeting with suppliers and retailersFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastChris Bowen has insisted the country’s fuel supply is yet to be affected by the war in the Middle East while criticising a rush to buy jerry cans to fill up with petrol as “un-Australian”.The energy minister made the comments after an emergency meeting with major fuel suppliers and retailers, that was convened by the Australian Competition and Consumer Commission (ACCC) to demand explanations for the recent surge in petrol prices. Continue reading...

Energy minister says it will take ‘some time’ for extra supply to reach regional areas. Follow today’s news liveGet our breaking news email, free app or daily news podcastThe energy minister, Chris Bowen, says it will take “some time” for the petrol and disesel released from Australia’s domestic stockpile to reach areas hit by shortages.On Friday, the Albanese government directed fuel companies to release nearly a fifth of reserve petrol and diesel supplies. Dozens of service stations across the country have run out of petrol as retailers struggle with customers panic-buying in response to skyrocketing prices from the Middle East conflict.There will be some time for it to flow through. There’s a very complicated supply chain.But it is going to have an impact. Some companies have said it will start to have an impact in coming days, to some degree. But there will be some time before it’s all released. Continue reading...