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Japan agreed to help the Philippines establish a government-owned oil stockpile, while Manila is also pushing for a Southeast Asian reserve as ASEAN chair this year.
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Rystad said the production increases 'will have little to no real impact on the oil markets'.
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BGN has now ordered 6 new LPG VLGCs from the South Korean shipbuilder, all to be delivered 2029.
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Zaye Capital Markets sees today's oil price move 'as a geopolitical premium rather than a clean demand rally'.
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'The block is located in a region of the Atlantic margin with proven hydrocarbon discoveries'.
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Israel said it struck several military targets in Iran, retaliating against missile attacks by Tehran despite Trump's call for Netanyahu to refrain from hitting back.
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GFL and OPAL Fuels agreed on 2 joint projects to enable renewable natural gas production at the Stones Throw Landfill in Tallapoosa County, Alabama and the Grady Road Landfill in Polk County, Georgia.
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The UK government has revised its internal oil price forecasts upwards.
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War between a U.S.-Israeli alliance and Iran has taken a heavy toll on oil supplies from the Middle East.
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Oil prices fell as traders weighed weakening global demand against stalled US-Iran negotiations.
