Oil futures have settled below $US100 a barrel and Australia’s pumps are full. So, is the worst of the Gulf oil crisis over?Ampol boss Matt Halliday, responsible for one of Australia’s two big oil and fuel importers and refiners, says we shouldn’t get complacent: supply chains have held up well, but strategic reserves are being used, the Strait of Hormuz remains effectively closed and we’re heading into the fuel markets’ busiest time of the year, the northern hemisphere summer.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
The dangerous delusion behind the oil market’s ‘creepy calm’
Don’t be fooled by stable prices and full pumps. The Strait of Hormuz is still effectively closed, and we’re headed into the fuel markets’ busiest time.














