MARKETS

Santos writes down GLNG

SANTOS will write down up to US$800 million (A$1.13 billion) in non-cash assets in its upcoming half year results, joining the other majors impairing in the wake of the COVID-19 pandemic and the oil price collapse.

Mark Tilly

It has also revised its oil price outlook by over 10%, lowering its near-term outlook for Brent crude price to be between US$49-55 per barrel in 2021-2023 and long-term assumption of US$62.50/bbl from...

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