SHA:601628 News 31 January 2026

February 1, 2026, 1:49 AM EST. Santos Limited shares climbed 2.5% to A$7.01 on Friday, outperforming the broader S&P/ASX 200 index which fell 0.65%. The rise followed Brent crude's rally to near six-month highs above $70 a barrel amid heightened U.S.-Iran tensions. Traders are focused on Sunday's OPEC+ meeting where production quotas are expected to remain tightened, supporting oil prices. The Reserve Bank of Australia's interest rate decision on Tuesday adds another layer of market uncertainty. Santos, a major Australian oil and LNG producer, is also set to release full-year earnings on Feb. 18, with investors watching for dividend and cost guidance. Oil prices and the Australian dollar's movement will remain key factors impacting Santos' stock ahead of these events, with potential for sharp swings based on geopolitical developments and monetary policy shifts.