Citi Pares Oil-Price Outlook. Woodside, Karoon Profits Hit Hardest -- Market Talk

Dow Jones09-30

0022 GMT - Citi trims earnings forecasts for Australia's energy companies after becoming less positive about the oil price outlook. Citi expects the Brent oil price to average US$62/bbl in 2026, compared to a prior expectation of US$65/bbl. It expects the OPEC+ group of countries to unwind some 1.6 million b/d of production cuts. At the same time, output from outside this group will rise strongly. "China's stockpiling and OECD inventory builds provide partial support, moderating our bear case," Citi says. It lowers core earnings forecasts for Woodside Energy in 2026 by 8% to US$761 million, and for Karoon Energy by 17% to US$122 million. Citi says Karoon remains its "top value play with plenty of potential near-term positive catalysts." (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

September 29, 2025 20:22 ET (00:22 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2571362481?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-09-30 08:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2571362481","market":"hk","top_or_hot":-1,"title":"Citi Pares Oil-Price Outlook. Woodside, Karoon Profits Hit Hardest -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0022 GMT - Citi trims earnings forecasts for Australia's energy companies after becoming less positive about the oil price outlook. Citi expects the Brent oil price to average US$62/bbl in 2026, compared to a prior expectation of US$65/bbl. It expects the OPEC+ group of countries to unwind some 1.6 million b/d of production cuts. At the same time, output from outside this group will rise strongly. \"China's stockpiling and OECD inventory builds provide partial support, moderating our bear case,\" Citi says. It lowers core earnings forecasts for <a href=\"https://laohu8.com/S/WDS.AU\">Woodside Energy</a> in 2026 by 8% to US$761 million, and for <a href=\"https://laohu8.com/S/KRNGF\">Karoon Energy</a> by 17% to US$122 million. Citi says Karoon remains its \"top value play with plenty of potential near-term positive catalysts.\" (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 29, 2025 20:22 ET (00:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citi Pares Oil-Price Outlook. Woodside, Karoon Profits Hit Hardest -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti Pares Oil-Price Outlook. Woodside, Karoon Profits Hit Hardest -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-30 08:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0022 GMT - Citi trims earnings forecasts for Australia's energy companies after becoming less positive about the oil price outlook. Citi expects the Brent oil price to average US$62/bbl in 2026, compared to a prior expectation of US$65/bbl. It expects the OPEC+ group of countries to unwind some 1.6 million b/d of production cuts. At the same time, output from outside this group will rise strongly. \"China's stockpiling and OECD inventory builds provide partial support, moderating our bear case,\" Citi says. It lowers core earnings forecasts for <a href=\"https://laohu8.com/S/WDS.AU\">Woodside Energy</a> in 2026 by 8% to US$761 million, and for <a href=\"https://laohu8.com/S/KRNGF\">Karoon Energy</a> by 17% to US$122 million. Citi says Karoon remains its \"top value play with plenty of potential near-term positive catalysts.\" (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 29, 2025 20:22 ET (00:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4213","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2571362481","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2571362481","pubTimestamp":1759191720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0022 GMT - Citi trims earnings forecasts for Australia's energy companies after becoming less positive about the oil price outlook. Citi expects the Brent oil price to average US$62/bbl in 2026, compared to a prior expectation of US$65/bbl. It expects the OPEC+ group of countries to unwind some 1.6 million b/d of production cuts. At the same time, output from outside this group will rise strongly. \"China's stockpiling and OECD inventory builds provide partial support, moderating our bear case,\" Citi says. It lowers core earnings forecasts for Woodside Energy in 2026 by 8% to US$761 million, and for Karoon Energy by 17% to US$122 million. Citi says Karoon remains its \"top value play with plenty of potential near-term positive catalysts.\" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4213":"石油与天然气的勘探与生产","WDS":"Woodside Energy Group Ltd","BK7507":"资源股","KAR.AU":"KAROON ENERGY LTD","BPT.AU":"BEACH ENERGY LTD","STO.AU":"SANTOS LIMITED","WDS.AU":"WOODSIDE ENERGY GROUP LTD","BK7142":"石油与天然气的勘探与生产"},"translate_title":"花旗下调油价前景。伍德赛德、卡隆利润受到最严重打击——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BPT.AU":0.9,"STO.AU":0.9,"WDS.AU":0.9,"KAR.AU":0.9,"WDS":0.9},"content_text":"0022 GMT - Citi trims earnings forecasts for Australia's energy companies after becoming less positive about the oil price outlook. Citi expects the Brent oil price to average US$62/bbl in 2026, compared to a prior expectation of US$65/bbl. It expects the OPEC+ group of countries to unwind some 1.6 million b/d of production cuts. At the same time, output from outside this group will rise strongly. \"China's stockpiling and OECD inventory builds provide partial support, moderating our bear case,\" Citi says. It lowers core earnings forecasts for Woodside Energy in 2026 by 8% to US$761 million, and for Karoon Energy by 17% to US$122 million. Citi says Karoon remains its \"top value play with plenty of potential near-term positive catalysts.\" (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 29, 2025 20:22 ET (00:22 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.10","shortVersion":"4.35.10","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2571362481","isCrawlerRequest":true}