Trouble on horizon for Australian petroleum industry

AUSTRALIA’S petroleum sector is booming, but two reports released yesterday indicate that rising oil and gas prices are masking disturbing trends.

Trouble on horizon for Australian petroleum industry Trouble on horizon for Australian petroleum industry Trouble on horizon for Australian petroleum industry Trouble on horizon for Australian petroleum industry Trouble on horizon for Australian petroleum industry

Analyst and consultancy EnergyQuest said in its quarterly Australian oil and gas production report that the country’s oil production had fallen 15.3% in the first three months of this year.

loader

Most read Premium Features