Diesel under pressure: How will the closure of Hormuz impact fuel supply and inflation in New Zealand and Australia?
About this episode
The episode discusses the impact of tensions at the Strait of Hormuz on diesel supply and inflation in Australia and New Zealand.
RaboResearch Global Energy Strategist Joe DeLaura unpacks diesel supply chain disruptions stemming from tensions at the Strait of Hormuz. While global crude prices have been highly volatile, diesel prices in Australia and New Zealand remain elevated to attract the needed import volumes. RaboResearch Economic Strategist Ben Picton explains the implications for inflation, consumers, interest rates, and currencies. Disclaimer: Please refer to our global RaboResearch disclaimer at https://www.rabobank.com/knowledge/disclaimer/011417027/disclaimer for information about the scope and limitations of the material published on the podcast.
Topics covered
- diesel supply chain
- fuel supply
- inflation
- global crude prices
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- Diesel under pressure | How will the closure of Hormuz impact fuel supply and inflation in New Zealand and Australia?
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