Morning News: Australia in talks with US to address low fuel reserves

An oil drilling rig is seen off the Pacific Ocean coastline

Australia is negotiating with the US to buy oil to boost our dwindling supplies. Source: AAP

The Morrison government is negotiating with the United States to buy oil to boost Australia's dwindling fuel reserves but Labor says that's not good enough.


Drawing on America's emergency fuel reserves isn't the same as having actual fuel security in Australia, the opposition has declared.

The Morrison government is negotiating with the Trump administration to access millions of barrels of oil from America's own fuel reserve, as Australia hunts for a way to boost dangerously low levels of fuel held on domestic soil.

But Labor says Australia needs a strategy that gives fuel security onshore.

Australia has enough petrol and crude oil to last 28 days, well below the 90 days mandated by an international agreement.


Share

News

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS Audio
SBS On Demand

Listen to our podcasts
Independent news and stories connecting you to life in Australia and Arabic-speaking Australians.
Personal journeys of Arab-Australian migrants.
Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS
Arabic Collection

Arabic Collection

Watch SBS On Demand