Santos share price falls 2.8% as Pikka ramp raises oil-price exposure
Santos Limited enters Friday with more direct oil-price exposure just as crude markets swing on news from the Strait of Hormuz. The shares fell 2.8% to A$7.04 on Thursday, against a 0.7% fall in the S&P/ASX 200. Woodside Energy Group also lost 2.9%, closing at A$27.43. The similar declines point to crude prices, rather than a fresh Santos operating problem, as the main driver of Thursday’s selling.