Media contributions
1Media contributions
Title Fuel stocks drop again - NZ told to 'keep calm and carry on' Degree of recognition National Media name/outlet The Post Media type Web Duration/Length/Size 5 min read Country/Territory New Zealand Date 22/04/26 Description This article reports a third consecutive decline across all fuel types in New Zealand's stock update, with petrol at 51.2 days, diesel at 41.6 days and jet fuel at 47.4 days, each disaggregated between onshore holdings, cargoes within the exclusive economic zone and vessels beyond it. MBIE characterises the movements as normal operational variation and anticipates further decline ahead of scheduled replenishment, while the piece sets these assurances against mounting upstream disruption: force majeure declarations by Kuwait, Bahrain and Qatar, extensive damage to Kuwait's three major refineries, and reported production curbs in Saudi Arabia and the UAE — all suppliers to the South East Asian refineries on which New Zealand depends. Finance Minister Nicola Willis states that replenishment shipments continue to arrive, that importers report full order books through May, and that Korean and Singaporean refineries are substituting feedstock from West Africa, the United States and Brazil, while declining to introduce targeted fuel price relief on fiscal grounds. Vessel-tracking data supplied by Dr Lurion De Mello, with London Stock Exchange Group, documents inbound tanker arrivals by origin port, cargo composition and discharge status. Producer/Author Dita De Boni URL https://www.thepost.co.nz/business/360990864/fuel-stocks-drop-again-nz-told-keep-calm-and-carry Persons Lurion De Mello