Morgan Stanley says Australia is one of the countries most exposed to the fallout of an extended conflict in the Middle East, pointing to an outsize reliance on imported oil and warning of a hit to earnings.
Australia’s 90-day fuel reserve target is based on net imports, not total use. The argument is that real fuel security would come from boosting Australia’s own oil and gas production and refining capacity.
Hancock Agriculture has today continued its unwavering commitment to rural and regional communities, announcing a further three-year, $750,000 partnership with the Royal Flying Doctor Service (RFDS) (Queensland Section).