Category: supply crisis

Global Gas Crunch Claims First Australian Trading Casualty

May 25, 2022
AustraliaBusiness & Economyeconomic policieseconomyEuropegas pricesMarketsRussia-Ukraine WarRussia's invasionsupply crisisWorld
0 Comment

MELBOURNE—A gas seller that supplied 7 percent of the eastern Australian market has collapsed due to soaring global gas prices, the first significant casualty in the country from the global gas supply crisis due to sanctions on Russia for its invasion of Ukraine. The Essential Services Commission on Tuesday suspended private gas retailer Weston Energy…

Read More

South Korea to Airlift Diesel Exhaust Fluid From Australia After China Cuts Supply

November 10, 2021
Asia & PacificAustraliaBusiness & Economydiesel exhaust fluidEconomiessupply crisisWorld
0 Comment

This week, South Korea will fly a military plane to Australia to airlift 27,000 litres of urea solution, also known as diesel exhaust fluid (DEF), as the country experiences a shortage crisis of the liquid after China dramatically cut its urea exports. Diesel vehicle drivers, particularly truck drivers, have been waiting in long queues to…

Read More