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Speaker 1: So the government another press conference yesterday on the wheel situation.

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Speaker 2: What we are working with fuel and por design is

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Speaker 2: to say, if you weren't able to source refined products

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Speaker 2: from your usual sources, how many more options would be

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Speaker 2: on the table if we relax some specifications. And which

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Speaker 2: specifications would you like to relax?

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Speaker 1: Let's ask why it's on more? Boss Simon Parms with

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Speaker 1: US Live this morning. Simon, good morning, Good morning Ryan.

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Speaker 1: What specifications would you like relaxed?

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Speaker 3: Well, if there's any, probably the easiest is the solfur

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Speaker 3: content sort of part per million. I think overall by

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Speaker 3: relaxing the standards it broadens the market for purchases and

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Speaker 3: differ markets. So you know, as an example, at the

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Speaker 3: moment we're at ten parts per million for sulfur. The

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Speaker 3: US for their ultra low diesel is at fifteen parts

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Speaker 3: per million, so and Australia's just relaxed for sixty days

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Speaker 3: to fifty parts per million. So it's about broad in

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Speaker 3: the market to allow purchases to be made from different

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Speaker 3: refineries across the region.

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Speaker 1: Is it dortier? Is it worse for you car? What's

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Speaker 1: the problem?

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Speaker 3: Well, remember that probably petrol was that fifty parts ten

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Speaker 3: million back in twenty eighteen, and Diedel change from fifty

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Speaker 3: to to ten parts two million back in two thousand

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Speaker 3: and nine. So it's not a sort of material change,

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Speaker 3: you know. It's not like the good old days in

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Speaker 3: the nineties when we were burning leaded and it's like

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Speaker 3: over three thousand parts one million. You know, this is

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Speaker 3: still clean product. But I think more than anything, it

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Speaker 3: just helps us through, helps us with supply in the

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Speaker 3: near term.

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Speaker 1: Does it help with price, Not.

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Speaker 3: Really When you look at the crack spreads, it's only

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Speaker 3: one or two dollars a barrel difference. But I think

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Speaker 3: at the moment, it's really about ensuring that we've got

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Speaker 3: enough supply in the short and long term.

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Speaker 1: Do you think we will? Are you confident? You know,

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Speaker 1: listening to what the government's saying, hearing about all the meetings,

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Speaker 1: are you confident we will have enough supply? Or is

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Speaker 1: it just too agreed to say?

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Speaker 3: Well, I'm just looking at the numbers that are coming

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Speaker 3: out that are getting published. Right, the last supply updates

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Speaker 3: showed that we had forty nine days. I thought that

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Speaker 3: was a good news story, you know, went from fifty

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Speaker 3: two to forty nine, and that's not a material change,

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Speaker 3: and it was probably down because of the demand that

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Speaker 3: was pulled forward over the last couple of weeks of

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Speaker 3: the conflict as people filled up their tanks and you know,

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Speaker 3: brought a lot more products. So there's probably two days

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Speaker 3: in that itself. So I think at this stage we

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Speaker 3: look like we're in good shape. There's still being no

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Speaker 3: sign of cargo's being canceled or ship's being turned around,

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Speaker 3: which won't happen. So I think the government's doing the

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Speaker 3: right thing, and especially on the diplomatic front. I think

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Speaker 3: Singapore Career, you know, all those bat channels, that's where

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Speaker 3: that's where the dark arts really need to happen.

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Speaker 1: Simon, appreciate your time this morning. Simon Parham White, Tormal

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Speaker 1: Group CEO.

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Speaker 3: For more from Early Edition with Ryan Bridge, listen live

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Speaker 3: to News Talks it Be from five am weekdays, or

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