Origin, Santos and the oil price

Oil prices have continued their freefall and the consequences for Origin and Santos cannot be ignored.

When the oil price first started falling at the end of 2014, we weren’t unduly concerned. About 90% of the additional oil into the market since 2010, we noted, came from North American shales. These  drillers had punched 20,000 wells, 10 times the number of wells drilled in Saudi Arabia (see What now for the oil price?).


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