Australian energy firms fall as oil prices slip
28/07/2026 01:38
BUZZ-Australian energy firms fall as oil prices slip ** Shares of Australian energy stocks .AXEJ fall as much as 1.24%, hitting their lowest since July 20
** Sub-index tracks global oil prices lower, which fell after the U.S. abruptly suspended a campaign of air strikes against Iran over the weekend, raising hopes of a diplomatic solution that would allow shipping to resume in the Strait of Hormuz O/R
** Among index heavyweights, Origin Energy ORG.AX shed 1%, while Woodside Energy WDS.AX lost as much as 2%
** AXEJ up 22% this year, including the day's move
(Reporting by Rajasik Mukherjee in Bengaluru)
Recent news on Origin Energy
See all newsAustralia's APA commits $492 million for key gas pipeline project
Shell calls Australia's gas reserve plan a 'sledgehammer' that risks market failure
Australia softens gas reserve rule for LNG exporters (updated)
Australia softens East Coast gas reservation rule for LNG exporters
Aussie tycoon stands on precipice of M&A glory