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Experts warn volatility from strikes at Woodside and Chevron gas plants in Australia could mean higher bills for households and industry this northern winter.
(Bloomberg) -- Gas is back as a risk to the global economy with potential strikes in major producer Australia threatening to shatter the fragile balance of global supplies -- and send consumer bills rising once more.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidDe
Australian shares are set to open lower. US stocks turn positive late. Reporting on Friday: Baby Bunting, Newcrest.
Benchmark futures settled 7 per cent lower, erasing an earlier gain. The contract surged 28 per cent the previous day.