Australian Fuel Supply to Get Even Tighter After Refinery Fire
The Geelong oil refinery in southern Australia.
Photographer: William West/AFP/Getty Images
A major fire at one of Australia’s only two oil refineries is set to curtail fuel production, raising additional concerns about supply in a market already strained by the war in the Middle East.
Viva Energy Group Ltd.’s Geelong refinery in southeastern Australia is continuing to operate at reduced rates as it assesses damage from the “significant fire,” the company said in an exchange statement on Thursday. Viva Energy said gasoline and aviation gasoline output have been affected, but there is no immediate impact on fuel supply and it plans to replace any lost production through imports.