Fuel crisis deepens as Queensland fast-tracks ‘Singapore-sized’ Taroom Trough oil reserve; over 100 service stations run dry

Queensland is fast-tracking exploration of a massive oil reserve in the Taroom Trough to address worsening fuel shortages nationwide. Multiple companies are cleared to begin exploration, with a decision on commercial viability expected by the end of 2026. Oil extraction could commence as early as 2028, aiming to stabilize supply for key industries amid global disruptions.

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