ASX:STO 22 March 2026 - 18 May 2026

Santos Shares Rise After Alaska Oil Moves, Traders Eye Tuesday Open
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Santos Shares Rise After Alaska Oil Moves, Traders Eye Tuesday Open

Santos shares rose 2.66% to A$8.09 on Monday after announcing first oil from the Pikka project in Alaska. The company expects output to reach 20,000 barrels a day in the coming weeks, targeting 80,000 barrels a day in the third quarter. The broader ASX 200 fell 1.45% as energy stocks outperformed on higher crude prices. Santos said Pikka production will be intermittent during late-stage commissioning.
May 18, 2026
Woodside Rises With Oil, but Browse Costs Keep WDS From a Clean Breakout
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Woodside Rises With Oil, but Browse Costs Keep WDS From a Clean Breakout

Woodside Energy shares closed up 0.75% at A$30.74 on Tuesday, tracking a surge in oil prices as Brent settled 3.42% higher at $107.77. Gains were limited by concerns over rising costs and approval delays for the Browse LNG project, now estimated at A$48.7 billion. Traders remain cautious amid ongoing Strait of Hormuz disruptions and uncertainty over a U.S.-Iran peace deal.
May 13, 2026
Australia Stock Market This Week: ASX 200’s Worst Week Since March as Oil Shock, Fortescue Selloff Bite
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Australia Stock Market This Week: ASX 200’s Worst Week Since March as Oil Shock, Fortescue Selloff Bite

The S&P/ASX 200 dropped 1.8% for the week, closing Friday at 8,786.50, its sharpest decline since mid-March. Cochlear plunged 40.7% after slashing its profit outlook, while CSL hit a multi-year low following the end of a U.S. military vaccine mandate. Miners also fell, offsetting gains in energy stocks driven by Middle East tensions.
April 25, 2026
Santos Share Price in Focus After Australia Flags Windfall Gas Tax as Oil Jumps
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Santos Share Price in Focus After Australia Flags Windfall Gas Tax as Oil Jumps

Santos closed down 0.5% at A$7.98 on March 20 after reports Prime Minister Anthony Albanese asked Treasury to model a windfall gas profits tax. LNG prices have doubled since February amid Middle East tensions, with Australia exporting A$65 billion of LNG last year. The Petroleum Resources Rent Tax is under renewed scrutiny ahead of the May budget. Brent crude rose 3.26% to $112.19 a barrel Friday.
March 22, 2026

Stock Market Today

  • UK Gilt Yields Fall Amid Political Stability and Eased Rate Hike Concerns
    May 26, 2026, 9:28 AM EDT. U.K. gilt yields declined to five-week lows as investor worries about political instability eased following Labour's local election setbacks. The 10-year gilt yield dropped to 4.85%, down about 30 basis points, reflecting reduced expectations for interest rate hikes. Prime Minister Keir Starmer, though challenged by potential rivals including Andy Burnham, remains in charge, calming markets concerned about fiscal policy shifts. Additionally, optimism surrounding a possible U.S.-Iran peace deal and the reopening of the Strait of Hormuz has eased inflation fears, further reducing yield pressures. Analysts at Pantheon Macroeconomics noted that investors are discounting weak economic data and now anticipate fewer rate increases in 2026, driving the largest weekly drop in gilt yields since late 2023.