Soft week in cautious market

FEARS of interest rate hikes in Australia, coupled with ongoing nervousness caused by tensions in the Middle East, have resulted in investors adopting a cautious approach this week with even record first half sales revenue for PNG stalwart Oil Search failing to cause a stir.

Oil Search posted record first half revenue of $US315.4 million ($A413.7 million) during the week on the back of high oil prices achieved for PNG crude – $74.

  • NEW: Digital version of PNG Report magazine - View here
  • Porgera: Barrick-PNG talks go on - Read more
  • Follow the companies investing in the PNG market - Read more

Most read Regions