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Looming strike in Australia rattles global energy markets

  • Australian gas producer Woodside is making a last-minute attempt to prevent a workers' strike that could disrupt global energy markets. European natural gas prices spiked after workers voted to down tools at Woodside's offshore rigs in Western Australia.
  • Woodside will return to the bargaining table to try and stop the strike, which may begin as early as next week. Energy giant Chevron, whose staff are also considering striking, could see "hundreds of millions of dollars" in gas exports at risk, according to the Australian Workers Union.
  • The union is seeking better conditions for workers on offshore platforms.
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Bloomberg broke the news in United States on Thursday, August 10, 2023.
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