Shares of Oil Producers Follow Oil Futures Downwards Amid Concerns About Oversupply

MT Newswires Live

11/04

Shares of Karoon Energy (ASX:KAR) fell over 2% in recent trading on Tuesday, while those of Woodside Energy Group (ASX:WDS) declined 0.8%, and those of Santos (ASX:STO) and Beach Energy (ASX:BPT) fell 0.5% after oil fell.

Brent crude futures fell 0.2% to $64.74 per barrel on Tuesday. The decision by the Organization of the Petroleum Exporting Countries Plus to pause output hikes in the March 2026 quarter was being seen as a signal of oversupply in the market, Reuters reported.

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The decision by the Organization of the Petroleum Exporting Countries Plus to pause output hikes in the March 2026 quarter was being seen as a signal of oversupply in the market, Reuters reported.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7142","symbol_name":"石油與天然氣的勘探與生產","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2580088712","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2580088712","pubTimestamp":1762231615,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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