AUSTRALIA

Exchange rates a boon for Oz oilies

AUSTRALIAN oil and gas companies are reaping the benefits of the Australian dollar's weakness compared to its US counterpart as most have US dollar revenue streams coupled with Australian dollar cost bases.

Macquarie Private Wealth said in a report that this had allowed it to increase its oil and gas sector earnings forecast by 8%, adding that Santos was the greatest beneficiary of the exchange rate with...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.