INSIGHTS: Plenty of Oil, Not Enough Diesel

Plenty of oil, not enough diesel: this episode unpacks why refinery outages, not crude supply, are driving diesel prices higher, with roughly a fifth of the world's seaborne diesel offline and a mooted US export ban threatening more. We look at what that means for Australia, down from eight refineries to two despite producing enough oil to feed one, and why rate rises are the wrong tool for a supply shock.

Read the full news post here.