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Tag: Crude oil

Woodside reports half-year profit of $1.94 billion after key project milestones

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Woodside reports half-year profit of .94 billion after key project milestones

Woodside reported net profit after tax (NPAT) of $1.94 billion for the half year. Underlying NPAT was $1.63 billion, a 14% decrease from the same period in 2023. The company generated operating cash flow of $2.4 billion and positive free cash flow of $740 million. Woodside had a strong liquidity position at $8.48 billion. The […]

Oil prices fall for fifth day in a row due to demand concerns

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Oil prices fall for fifth day in a row due to demand concerns

By Irina Slav – August 22, 2024, 3:07 am CDT Oil prices extended their losing streak to a fifth day on weak demand expectations and speculation about a reversal of OPEC+ production cuts. The main reasons for demand concerns are the economic slowdown in China and weak oil import data. Geopolitical risks […]