FINWIRES · TerminalLIVE
FINWIRES

Inpex to Supply 630 000 Barrels of Natural Gas Condensate to Australian Refiners Amid Fuel Shortages

-- Japan's Inpex (TYO:1605) will supply 630,000 barrels of natural gas condensate from its Australian LNG export project to local refiners, according to a statement on Monday.

The first shipment of the condensate -- a vital feedstock for producing gasoline, diesel, and jet fuel -- is set to depart Western Australia in late April 2026 and arrive at an east coast refinery in May.

A second comparable cargo will be preferentially made available to Australian refineries in the coming months, subject to operational needs and commercial terms.

Inpex managing director Tetsu Murayama said the move reflects the company's long-term commitment to Australia's energy security and its responsibility as a major local investor amid strained global fuel markets.

Since 2019, Inpex has supplied 30 such cargoes to Australian customers and intends to keep working with the industry and the federal government to ensure stable access to critical fuel products.

Related Articles

Australia

Jefferies Raises Quest Diagnostics Price Target to $225 From $220

Quest Diagnostics (DGX) has an average rating of overweight and mean price target of $219, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $204.33, Change: $+8.02, Percent Change: +4.09%

$DGX
Australia

Truist Securities Cuts Tractor Supply Price Target to $44 From $55, Hold Rating Kept

Tractor Supply (TSCO) has an average rating of overweight and mean price target of $56.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $39.92, Change: $-4.90, Percent Change: -10.92%

$TSCO
Sectors

Sector Update: Energy

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index was climbing 1.8%, while the Dow Jones US Utilities Index fell 1.3%.Front-month West Texas Intermediate crude oil was rising 4.8% to $93.94 a barrel, and the global benchmark Brent crude contract was advancing 4.4% to $99.68 a barrel. Henry Hub natural gas futures increased 0.3% to $2.70 per 1 million BTU.In corporate news, Halliburton (HAL) shares gained 4.1% after it reported lower Q1 adjusted net income and revenue that still topped analysts' expectations.

$HAL