Highlights
- WTI crude oil futures rose over 4% to above USD 58 per barrel
- ASX energy sector gained 1.46%, leading market performance
- ASX energy sector outperforms ASX 200, which gained 0.21% to 8,739.10 points
Oil prices moved sharply higher, driving gains across energy stocks on the Australian Securities Exchange on Friday. WTI crude oil futures climbed more than 4% to trade above USD 58 per barrel, reversing a two-day decline as traders reassessed global supply risks and fresh data pointed to tighter conditions in the United States.
Following the move in oil prices, the ASX energy sector emerged as the best-performing segment of the local market, rising 1.46% at the time of writing on 9 January. For context, ASX 200 gained 0.21% to 8,739.10 points.
Woodside Energy Group
Woodside Energy Group Ltd (ASX:WDS) shares rose 2.42% to AUD 23.505. The company had updated its 2025 full-year guidance, lifting production expectations to between 192 and 197 million barrels of oil equivalent (MMboe). Unit production costs were revised to a range of AUD 7.6 to AUD 8.1 per barrel of oil equivalent, while capital expenditure excluding Louisiana LNG was set at AUD 3.7 billion to AUD 4.0 billion.
Santos Limited
Santos Limited (ASX:STO) gained 3.198% to AUD 6.13. In 2025, the company forecasts production volumes of 89 to 91 MMboe and sales volumes of 93 to 95 MMboe. Sustaining capital expenditure and major development project spending projects stands at approximately AUD 1.2 billion to AUD 1.3 billion each.
Viva Energy Group Limited
Viva Energy Group Limited (ASX:VEA) recorded the largest gain among the selected stocks, rising 3.96% to AUD 2.10 per share. The company is engaged in the manufacturing, distribution and supply of petroleum products. Looking forward, the company expects improved refinery output following the commissioning of its ULSG unit at the Geelong refinery. Total capital investment to meet fuel quality standards is estimated at around AUD 280 million, net of AUD 150 million in federal funding support.
Beach Energy Limited
Beach Energy Limited (ASX:BPT) added 2.57% to AUD 1.097 per share. BPT is an oil and gas development, exploration and production company. In FY26, the company expects production of 19.7 to 22.0 MMboe and capital expenditure of AUD 675 million to AUD 775 million, alongside abandonment spending of AUD 200 million to AUD 250 million.






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