Australian Energy Market: OPEC+ Steady, Oil firm; Woodside Approval

Oil's bid held after OPEC+ opted for a modest 137,000 b/d production increase for November, matching Octobers step-up, which eased fears of a larger supply dump; Brent hovered around US$65.16 and WTI near US$61.46 in early trade. Policy clarity improved for Woodside as Canberra granted a life extension for the North West Shelf to 2070 while softening an initially unworkable air-emissions condition, yet the approval still mandates deep cuts of roughly 60% by 2030 and 90% by 2060. The medium-term thesis remains that oil trades in the US$60 to. . .