Santos Heads Into Tuesday Trading After Long Weekend and Volatile Oil Moves
Santos closed at A$7.82 on Friday, down 0.64%, with little change over the week as oil prices stayed volatile. ASX cash equities will be shut Monday for the King’s Birthday holiday, delaying any reaction to weekend oil news. OPEC+ agreed to raise output targets, while Brent crude fell 2% to $93.09 a barrel. Santos is targeting a $2.5 billion net debt cut by 2030, focusing on LNG and oil projects.