ASX:BPT 14 March 2026

Santos Limited Stock Price Rises as $100 Oil and Moomba Project Boost Outlook

Santos Ltd shares rose 0.5% to A$7.53 Friday as Brent crude closed above $100 a barrel for the first time since August 2022. The company committed A$357 million to the Moomba Central Optimisation project, aiming for over A$600 million in savings and lower unit costs. Santos also plans to cut about 10% of staff after a 25% drop in 2025 underlying profit.

14 March 2026

ASX:BPT·ASX:STO·ASX:WPL·Breaking·Oil Prices·Stock Market

ATO warns on costly 'wash trades' after $9,000 ASX loss highlights tax implications
March 13, 2026, 9:14 PM EDT. A recent case involving a $9,000 loss on ASX shares in Thrive Tribe underscores the Australian Taxation Office's (ATO) warnings about 'wash trades'-selling investments at a loss only to repurchase them soon after to claim tax benefits. An investor who bought $10,000 worth of shares that dropped to under $1,000 realized a capital loss that offset $15,000 worth of other investment gains, reducing taxable gains to $6,000 and saving approximately $3,500 in tax. The ATO emphasizes that while capital losses can offset capital gains for tax purposes, they do not reduce income tax from salaries. Investors are urged to avoid decisions based on emotions and understand tax rules ahead of tax season to prevent penalties and make informed moves.