Australia's Karoon Energy falls on Brazil government crude oil tax extension

Karoon Energy

10/07/2026 06:04

** Shares of Australia's Karoon Energy KAR.AX falls 4.1% to A$1.405, on track for worst day since June 25 if moves hold
** Says Brazil govt. extends 12% temporary tax on crude oil exports by another 60 day extension
** Adds any oil exports to European Union expected to be eligible for 6% export tax treatment
** Stock down 8.6% YTD, including current session's moves 


($1 = 1.4380 Australian dollars)

 (Reporting by Subhalakshmi Dey)
 ((Subhalakshmi.Dey@thomsonreuters.com;))