The shares of major energy firms plummeted on Monday as oil prices dropped after eight OPEC+ countries agreed to implement crude oil production hikes on Saturday.
The shares of Woodside Energy Group (ASX:WDS) and Santos (ASX:STO) each fell 3% in recent trade.
Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman will raise production by a total of 411,000 barrels per day in June from their May production levels. OPEC+ consists of the Organization of the Petroleum Exporting Countries members plus other oil-producing countries.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。