Australian energy stocks fall as oil prices retreat

Santos

17/09/2026 03:41

** Australian energy stocks .AXEJ fall as much as 2.2%, their biggest intraday pct drop since August 26
** Sub index hits its lowest level since September 7
** The sector falls as oil prices retreat for a second day after Saudi Arabia offered additional crude cargoes through Oman, easing concerns over potential supply disruptions in the Middle East O/R
** Shares of major oil producers Santos STO.AX and Woodside Energy WDS.AX down 2.9% and 2%, respectively 
** YTD, AXEJ sub-index up over 30%

 (Reporting by Paridhi Minda in Bengaluru)
 ((Paridhi.minda@thomsonreuters.com;))