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Australia's Santos reports 37% drop in H1 underlying profit

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Australia's Santos reports 37% drop in H1 underlying profit

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Natural Gas News
Australia's Santos reports 37% drop in H1 underlying profit

Summary

The average realised oil and LNG prices were down sharply. by: Shardul Sharma

Australian oil and gas producer Santos on August 23 reported a 37% year/year drop in underlying profit in the first half of 2023...

Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

More informationabout ENERGY BASICS: petroleum