Z Energy warns fuel crisis could worsen if Middle East disruption continues
New Zealand's fuel supplies are secure for two to three months, but Z Energy warns tougher measures including rationing may be needed if Middle East disruption worsens.
Z Energy says New Zealand's fuel supplies remain secure for the next two to three months. However, renewed disruption in the Middle East is tightening international product markets and reducing reserves available to cushion a prolonged crisis. The company warns the country should be prepared for tougher measures, including rationing, if the Middle East crisis deteriorates.
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Z Energy warns fuel crisis ‘still has a long way to run’
New Zealand’s fuel supplies are secure for the next two to three months, but renewed disruption in the Middle East is tightening international product markets and reducing the reserves available to cushion a prolonged crisis, Z Energy says. Z general…