BUZZ-Australian energy stocks fall tracking weaker oil prices

Reuters
2025/05/05
BUZZ-Australian energy stocks fall tracking weaker oil prices

Updates with stock moves

** Australian energy stocks .AXEJ fall 3.1%, with Woodside Energy WDS.AX sliding 3.6%

** WDS set for its worst session since April 9

** Oil prices tumble in early trade as OPEC+ is set to speed up outlook hikes, spurring concerns about more supply O/R

** WDS peers Santos STO.AX and Karoon KAR.AX both fall ~4%

** WDS, STO, KAR top losers on the benchmark ASX200 .AXJO

** YTD, WDS down 19%, STO down 12.5% and KAR largely flat

(Reporting by Nichiket Sunil and Kumar Tanishk in Bengaluru)

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