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Beach Energy shares decline as Chevron abandons shale venture
2015-03-30 13:54:38| Energy - Topix.net
Beach Energy shares dropped as much as 5.6 per cent in early trading after Chevron abandoned its $349 million unconventional exploration venture in the Cooper Basin, leaving Beach to find an alternative partner at a time of reduced spending. The shares in Beach, whose largest shareholder is Seven Group Holdings, slid 6c to $1.02 shortly after the market opened.
Tags: energy
beach
shares
decline
Shares plunge on weak commodity prices
2015-03-30 09:48:54| Energy - Topix.net
The share market has tumbled more than one per cent as the energy sector bears the brunt of fresh falls in the oil price. Mining stocks also suffered as iron ore prices plunged four per cent to their lowest point in more than seven years on Friday.
Tags: prices
shares
weak
commodity
Shares plunge on weak commodity prices
2015-03-30 09:09:10| Oil & Gas - Topix.net
The share market has tumbled more than one per cent as the energy sector bears the brunt of fresh falls in the oil price. Mining stocks also suffered as iron ore prices plunged four per cent to their lowest point in more than seven years on Friday.
Tags: prices
shares
weak
commodity
Australian shares sink under weight of falling banks and resources
2015-03-30 09:09:09| Oil & Gas - Topix.net
The Australian sharemarket suffered on Monday as the big four banks sold off in tandem with the major resources stocks, which were battered after iron ore and oil prices sunk over the weekend. The benchmark S&P/ASX 200 Index lost 74 points, or 1.2 per cent, on Monday to 5846.1 points, while the broader All Ordinaries Index dipped 1.2 per cent to 5816.3 points, with oil, gas, and iron ore producers slugged the hardest.
Tags: resources
weight
banks
australian
Aust shares fall on weak commodity prices
2015-03-30 09:09:08| Oil & Gas - Topix.net
Australia's share market has tumbled more than one per cent as the energy sector bears the brunt of fresh falls in the oil price. Energy stocks fell more than 4.5 per cent amid talk of easing sanctions that would allow Iran to ramp up crude oil production in an already flooded world market.
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