Scott Wyatt

It's another good week.

It gives us another week to

to see a resolution to the conflict and then a resolution to the normal flows of oil and refined products that we all rely on.

So that's our role.

That's what we continue to do.

And obviously at a local level, continue to run our refinery and support the supply through refined products here in Australia is also an important role we play.

Look, as I said, every week we are rolling forward our import program.

So we're into June and we're continuing to secure the cargoes that we need.

We haven't been unable to find fuel.

We haven't had any cargoes cancelled.

So we're still having good success in that.

And part of the reason for that is, look, there's still oil flowing out of the Middle East.

Some of it's coming up by pipeline and there are still maybe less now that the US blockade's in place, but there's still been oil coming out of the Middle East.

We have some countries that are drawing down on oil reserves.

So China's doing that, for example.

So that reduces the demand on traditional oil out of the Middle East.

We're seeing some demand destruction, certainly.

Obviously the high prices just does impact demand.

There are certainly consumers and segments that can't afford necessarily to buy as much high fuel as they ordinarily would.

So the region is reducing demand and we're dragging in fuel from places that we ordinarily wouldn't be sourcing it from, such as the US, much further away, more expensive, but still able to get to Australia.