Natural Gas Prices Fall on Woodside Deal

The transcript discusses the withdrawal of strike action in the steel industry, highlighting union satisfaction with the outcomes. It details oil worker compensation, including base salary and allowances, and provides context on Woodside's financial performance. The market's positive reaction to the news is noted, with a significant drop in Dutch futures. However, potential industrial action at Chevron's facilities remains a concern, with ongoing negotiations aiming to prevent further disruptions.

What was the union's reaction to the withdrawal of the strike threat in the steel industry?

• They were disappointed with the outcomes.

• They were satisfied and called it standard.

• They decided to continue with the strike.

• They demanded more negotiations.

What is the total pay package for an oil worker on a platform, including the offshore allowance?

• 105,000 Australian dollars

• 236,000 Australian dollars

• 368,000 Australian dollars

• 200,000 Australian dollars

How did the markets react to the news of the strike threat being withdrawn?

• They panicked and sold off stocks.

• They breathed a sigh of relief.

• They were indifferent.

• They anticipated further strikes.

What percentage of global supply would have been affected if the strike had gone ahead?

• 20%

• 15%

• 10%

• 5%

What is required before a strike can take place at Chevron's facilities?

• No notice is required

• A seven-day notice

• Immediate action without notice

• A one-month notice