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Sasol warns of oil slump-induced loss [Video]

Sasol warns of oil slump-induced loss

A drop in oil and chemical prices and the coronavirus pandemic has hit earning at South Africa's Sasol - which warned on Tuesday that it will be reporting an annual loss. David Doyle reports.

Credit: Reuters Studio     Duration: 01:15Published
BP Racks Up Record Losses, But Investors See Green [Video]

BP Racks Up Record Losses, But Investors See Green

BP posts a record quarterly loss and writes down billions amid the coronavirus pandemic and oil-price plunge, but pleases investors with its green transition plans.

Credit: The Street     Duration: 02:32Published

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'Make my day': Saudi energy minister sends a warning to oil market gamblers

OPEC's most influential minister channelled Clint Eastwood as he promised those who gamble on the oil price would be hurt "like hell".
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Saudi oil price cut to hit ASX shares

Saudi Arabia has cut its oil price to below the benchmark to try to win back market share. This will have a long term impact on ASX shares.
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Oil price, Sound, 32nd round. And finally…

WTI $41.37 -14c, Brent $44.07 -36c, Diff -$2.70 -22c, NG $2.49 n/c Oil prices Oil was off a touch yesterday as some people drew on the more bearish signals from the EIA report, viz gasoline demand was..
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Brookside Energy embarks on $1.555 million capital raising in stabilising oil & gas environment

Brookside Energy Ltd (ASX:BRK) has embarked on a capital raising exercise and intends to raise up to approximately $1,255,625 in a non-renounceable pro-rata entitlement offer and up to $300,000 in an..
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Santos' sales revenue slides as virus smashes oil price

Santos has posted a record quarterly production of oil and gas, but coronavirus and the crude oil price crash have led to a slump in sales revenue.
Brisbane Times - Published Also reported by •Sydney Morning HeraldThe Age

BHP dodges the write-down bullet striking its oil and gas rivals

It seems BHP has separated from the pack and will be the only major player that won’t impair its assets in response to the flagging oil price.
Brisbane Times - Published Also reported by •Sydney Morning HeraldThe Age

Buru Energy gets $1.6 million from latest lifting of crude oil from Ungani Joint Venture

Buru Energy Limited (ASX:BRU) has confirmed the lifting of 74,819 barrels gross (Buru’s share 50%) of Ungani crude oil from CGL storage Tank 10 at Wyndham Port on Thursday. The previous lifting was..
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Whitebark Energy set to unlock value from capital expenditure to date; reserves to be upgraded in 2020

Whitebark Energy Ltd (ASX:WBE) is set to unlock value from its capital expenditure to date, having proven its ability to deliver scalable production growth from its Canadian oil & gas asset. The..
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Carnarvon Petroleum to discuss plans to unlock large oilfield on North West Shelf at Proactive webinar

Carnarvon Petroleum Ltd (ASX:CVN) managing director Adrian Cook will discuss the company's plans to unlock the largest oilfield on WA’s North West Shelf at the Proactive Oil & Gas webinar next..
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S&P/ASX 200 remains choppy as COVID-19 anxiety dominates market sentiment

S&P/ASX 200 (INDEXASX:XJO) erased some of its earlier losses but is still down 0.087% at 12.38 pm as investors remained cautious due to the growing number of COVID-19 cases around the world. The IT..
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Whitebark Energy boosts interest in Wizard Lake Oilfield to 85%

Whitebark Energy Ltd (ASX:WBE) has lifted its overall interest in the Wizard Lake Oilfield to 85% after completing the lease renewal for mineral rights in three sections of land totalling 713..
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Whitebark Energy launches $3 million rights offer to revitalise growth momentum

Whitebark Energy Ltd (ASX:WBE) has launched a non-renounceable, pro-rata entitlement offer to existing shareholders to raise up to $3 million. Eligible shareholders will be able to subscribe for one..
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Energy giants forced to rethink prices in post-virus world

Australia's biggest oil and gas producers are likely to follow Britain's BP in slashing global oil price forecasts in the wake of the coronavirus crisis.
Brisbane Times - Published Also reported by •Sydney Morning HeraldThe Age

Oil price fall creates buying opportunities

The oil price is sliding on continued build-up of US oil reserves. Within Australia this has created medium-term investing opportunities. The post Oil price fall creates buying opportunities..
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Chance of oil surging to US$190 is higher now than before COVID-19: JPMorgan

This isn’t a typo. The Brent crude oil price could rocket to as much as US$190 a barrel in 2025, according to JPMorgan Chase. The post Chance of oil surging to US$190 is higher now than before..
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Whitebark Energy renews lease over 713 hectares at Wizard Lake Oilfield as oil price rebounds

Whitebark Energy Ltd’s (ASX:WBE) subsidiary SBE has renewed a lease over three sections (713 hectares) of the Wizard Lake Oilfield (WLO) in Canada, cementing its tenure and assumed operatorship. The..
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Saudi Arabia makes biggest oil price hike in 20 years after OPEC+ cuts

Saudi Arabia has doubled down on its strategy to bolster the oil market after OPEC+ producers extended historic output cuts.
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S&P/ASX 200 closes higher for fourth day in a row

S&P/ASX 200 (INDEXASX:XJO) managed to rise for the fourth day in a row as investors continue to remain optimistic over the reopening of economies as restrictions ease and optimism that the worst of the..
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Buru Energy buoyed by healthier return on sales as oil prices increase

Buru Energy Limited (ASX:BRU) is receiving a healthier return on its sales of high-quality crude from the Ungani Oilfield Joint Venture onshore Western Australia due to the firming oil price. Increases..
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The big oil price recovery and bounce in ASX oil stocks are bringing out the bears

The ASX energy sector is on a tear since the oil price bounced from its unprecedented meltdown, but the bears might be ready to pounce again. The post The big oil price recovery and bounce in ASX..
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Whitebark Energy subsidiary continues operations at Wizard Lake Oil Project, Canada

Whitebark Energy Ltd (ASX:WBE) Canadian subsidiary Salt Bush Energy Ltd (SBE) will continue to operate the company’s Wizard Lake Oil Project in Alberta, Canada, following the cessation of operations..
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S&P/ASX 200 snaps 4-day winning streak; energy stocks continue to rise

S&P/ASX 200 (INDEXASX:XJO) failed to hold on to this morning’s gains of 0.7%, with the index falling by 0.4% or 22.6 points to 5,550. However, the index remains on track to record its fourth..
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Whitebark Energy to increase Wizard Lake production as oil price strengthens

Whitebark Energy Ltd (ASX:WBE) will increase production at its Wizard Lake Oilfield Project in Canada from a low-base owing to the oil price strengthening to US$30. The company also remains..
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3 ASX 200 energy shares to buy before crude oil price rises

The crude oil price has hit a 2 month high jumping 30% since Monday, 11 May. These 3 ASX 200 energy shares are likely see share prices rise. The post 3 ASX 200 energy shares to buy before crude oil..
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Oil price collapse is rare good news for households

Households could save an average $750 a year from the plunge in petrol prices - if they were driving at normal levels.
Brisbane Times - Published Also reported by •Sydney Morning HeraldThe Age

Saudi crown prince bites the bullet as kingdom faces its biggest crisis ever

The kingdom started an oil price war and following the crown prince's series of reckless gambles, their entire future hangs in the balance
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