News Wrap

IN TODAY'S News Wrap: Oil tumble could cost $30 billion of Aussie LNG revenue; Oil prices fall despite OPEC chief's price "rebound" talk; and BP executive faces obstruction of US congress case.

$30 billion LNG hit

Westpac analysts believe existing oil prices could wipe out more than $30 billion of Australian LNG export revenue in 2017-18 compared to the projections made during the higher oil