Fuelcast: Is the global oil tank about to be empty?

Fuelcast: Is the global oil tank about to be empty?

June 2, 2026 · 8 min

About this episode

The episode discusses concerns over global oil supply and prices amid ongoing conflict and economic forecasts.

Have oil prices been too calm for a crisis this big? Economists are starting to worry that forecasts for the length of the conflict - and the hit to global oil supply and prices - have been too optimistic. So what if this war drags on? And with just one month left on the reduced fuel excise, will the government extend the relief if there is still no end in sight? Carrington Clarke and Ian Verrender unpack the latest and help keep you on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily. Got a burning brent crude question? Send an email to Carrington and the team abcbusinessdaily@abc.net.au

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