Australian Union announces industrial action at Woodside Energy's (WDS) Karratha Gas Plant and Pluto LNG facilities is set to commence on Wednesday
The announcement of industrial action at Woodside Energy's Karratha Gas Plant and Pluto LNG facilities signals potential disruptions in LNG production and supply.
[MARKET UPDATE] Mostly positive start to Asia-Pac trade following the gains on Wall St, where tech outperformed and sentiment was underpinned amid constructive headlines from the Trump-Xi summit
USTR Greer says had a lot of successes in rebalancing trade with China and we expect to see an agreement for double-digit billions of dollars of agricultural sales to China coming out of the summit
Australian Union announces industrial action at Woodside Energy's (WDS) Karratha Gas Plant and Pluto LNG facilities is set to commence on Wednesday
Japanese PPI YoY (Apr) Y/Y 4.9% vs. Exp. 3% (Prev. 2.6%)
Japanese PPI MoM (Apr) M/M 2.3% (Prev. 0.8%)
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Given Australia's role as a key LNG exporter, this could impact global energy markets and provoke shifts in pricing for gas and associated equities. Traders should monitor how this labor action evolves, as prolonged strikes could exacerbate supply constraints and drive prices higher.
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