Latest Crude Oil News

Qantas says resilient travel demand is keeping FY27 trading in line with its August outlook, despite a sharply higher fuel burden. The airline has maintained its revenue growth guidance while trimming planned capital expenditure to the lower end of its range.

EOG Resources posted a stronger third quarter, with production reaching 1.433 million barrels of oil equivalent per day and year-to-date free cash flow rising to US$6.468 billion. Lower net leverage and continued shareholder returns add to the appeal, although the company remains exposed to volatile oil and gas prices.

Australian Oil has signed a 24-month Brent-linked oil sales agreement for its Riverslea field, removing a key commercial prerequisite for restarting production. On-ground works are underway, with the company targeting completion by year-end before production resumes as soon as practicable.

Sagalio Energy produced 391 tonnes of crude oil and recorded US$109,094 in sales during the September quarter, while a completed A$221,033 placement strengthened its near-term funding position. The report also flags a potential breach of the agreement underpinning the company’s economic interest in its Kyrgyzstan assets.

ADX Energy lifted average net production 23% to 242 barrels of oil equivalent per day in the September quarter, although cash revenue was broadly flat at A$3.13 million. The company is now preparing for deeper HOCH-1 gas testing, GOLD-1 drilling and further Vienna Basin workovers.

Santos has reached the production and cash-flow inflection point it promised, posting record third-quarter output and approximately US$1.069 billion in free cash flow from operations. But Pikka’s commissioning interruptions have narrowed full-year guidance just as the company takes on more Papua LNG exposure.

Xstate Resources has secured preferred tenderer status for a 305 square kilometre block in Queensland’s Taroom Trough, with the company set to initially operate a four-party joint venture. The prospective acreage offers exposure to basin-centred gas, associated liquids and light crude, but the licence remains subject to government processes.

Betashares’ gold ETF generated an Australian-dollar profit of $241.6 million in FY2026, while its oil ETF reported a 41.35% subsequent change in net asset value per unit. The audited report also records a vendor switch for the gold exposure and a loss for the U.S. dollar fund.

Echelon Resources (ASX:ECH) reported a 341% jump in net profit to A$28.2 million for FY26, driven by stronger gas prices and a A$12.1 million gain from its exit of Cue Energy. The group also repaid A$37 million of debt, leaving it well positioned for upcoming gas drilling at Palm Valley.

FAR Limited swung to a US$1.44 million profit for H1 2026, driven by contingent payments from its Senegal asset sale, and completed a substantial A$32.3 million capital return to shareholders.

Santos Limited's half-year results show a 19% drop in net profit to US$355 million amid higher production and LNG ramp-up costs, while declaring an interim dividend of 11.6 US cents per share.

Marlin Global delivered a robust 3.1% gross portfolio return in July 2026, significantly outpacing its benchmark which fell 3.6%, thanks to strategic semiconductor underweighting and strong gains in tech giants Microsoft, Dexcom, and Amazon.