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Woodside says Europe and China hold keys for energy market this year

Woodside, Australia's largest oil and gas group, reports trebling of annual profit as Russia's invasion of Ukraine sent gas prices soaring. Fears of Europe's deep recession easing and Chinese economy reopening. ANZ analyst forecasts gas prices trending higher in second half of the year.

1 min read
  • Woodside reports trebling of annual profit to $6.6bn.
  • Russia's invasion of Ukraine sent gas prices soaring, leading to record earnings for the global industry.
  • Fears of a deep recession in Europe easing, China economy reopening.
  • Woodside consulting Australian govt over intervention in country's energy sector.
  • ANZ analyst forecasts gas prices trending higher in second half of the year.
Woodside says Europe and China hold keys for energy market this year
Australia’s largest oil and gas group trebles profits but says market is ‘finely balanced’
Financial TimesNic Fildes

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