Energy Producers' Shares Rise Amid OPEC Output Pause, Venezuelan Turmoil
MT Newswires Live01-05
Shares of Woodside Energy Group (ASX:WDS), Santos (ASX:STO), and Beach Energy (ASX:BPT) each inched up in early Monday trade following the Organization of the Petroleum Exporting Countries (OPEC) decision to pause additional oil production increments in February and March, signaling a cautious approach to market stability amid ongoing global supply concerns.
The gains came despite oil prices slipping on geopolitical tensions in Venezuela following the US capture of President Nicolas Maduro.
Brent crude futures fell to $60.41 a barrel.
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