AW Shipping will have a direct stake in increased LPG shipments to China
The partnership is a part of the oil company’s chemicals push
American Petroleum Institute reported crude inventories rose by 7.54 million barrels
Says there were issues tapping funding, but dismisses concerns over future
Oil markets remain stable but see little room for upward prices
Fuel demand has broadly recovered from a 30% drop in April
If confirmed, future output could materially cut down fuel imports in future
Oil producers will immediately start work on cutting out emissions with a 2025 target
JMMC meeting confirms cuts will be brought down to 7.7 million barrels per day
Proposal will be discussed on Wednesday by a ministerial monitoring committee
There is all-round improvement, but slight, and much depends on Opec+'s next move
A second wave of the pandemic threatens another slump in oil consumption
Global oil demand continues to recover faster than previously estimated
But Masdar does not see price-led opportunities for new acquisitions
Wafra and Khafji fields were at centre of a long-simmering dispute between Gulf states
Froehlich started in his new role at the end of June, replacing Michele Fiorentino
