I would have thought that if oil demand reduced then OPEC members would reduce output to maintain price and profit. Also, as with Uranium stocks when demand dropped following the disaster in Japan many mines were closed or put into care until demand returned and U308 price increased. I hold LOT and their mine is in care waiting for the price to recover. Also, would reduced oil demand equal less investment in developing new oil fields? I would expect the refining business to be hit hard as you have seen recently with closures of a couple of refinery in Australia
I would have thought that if oil demand reduced then OPEC...
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $254.1M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $132.5K | 1.313M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 892440 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 1584251 | 40 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
10.3¢ |
Change
-0.005 ( 1.89 %) |
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| Open | High | Low | Volume | ||
| 10.3¢ | 10.3¢ | 10.0¢ | 1904494 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| RNU (ASX) Chart |