Global energy markets are ‘very fragile’: Potential Woodside strikes threaten gas prices

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Global energy markets are ‘very fragile’: Potential Woodside strikes threaten gas prices
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Climate change protesters have protested outside Woodside Chief Executive Meg O’Neill’s home and the maritime union and Australia’s workers’ union threatened to strike on the North West Shelf. Ms O’Neill said the higher gas prices seen in the past week show the market is “still quite fragile” and Europe is “very worried”. “I think what we’ve seen in how the prices have reacted, particularly in Europe, to the rumour of potential industrial action, for me is a signal that the global energy markets are very fragile,” she told Sky News Australia. “We saw that last year following Russia’s invasion of Ukraine, where global energy trade flows were completely disrupted … financially very positive year for us but the market was highly disrupted.”

4 minutes ago

Climate change protesters have protested outside Woodside Chief Executive Meg O’Neill’s home and the maritime union and Australia’s workers’ union threatened to strike on the North West Shelf. Ms O’Neill said the higher gas prices seen in the past week show the market is “still quite fragile” and Europe is “very worried”.

“I think what we’ve seen in how the prices have reacted, particularly in Europe, to the rumour of potential industrial action, for me is a signal that the global energy markets are very fragile,” she told Sky News Australia. “We saw that last year following Russia’s invasion of Ukraine, where global energy trade flows were completely disrupted … financially very positive year for us but the market was highly disrupted.”

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