Australian energy stocks set for worst week in 14 months as oil prices slide

Santos

19/06/2026 03:21

** Australian energy stocks .AXEJ fall as much as 1.4%, their lowest since March 2
** Sub-index set for its worst week since early April 2025, if trend sustains
** Oil prices slid on the prospect of more supply as oil tankers began to move through the Strait of Hormuz O/R
** Sector majors Santos STO.AX and Woodside Energy WDS.AX decline 1.1% and 0.8%, respectively
** AXEJ up 14.3% YTD

(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))