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26.06.25 - 03:18
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Giant Leviathan Gas Field Offshore Israel Resumes Operations (ZeroHedge)
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Giant Leviathan Gas Field Offshore Israel Resumes Operations
Authored by Tsvetana Paskova via OilPrice.com,
The massive Leviathan gas field offshore Israel is resuming production on Wednesday, following two weeks in which it was shut down due to the Israel-Iran conflict.
Leviathan, operated by U.S. supermajor Chevron, was shut down on June 13, after the Israeli strike on Iranian nuclear sites that escalated hostilities in the region.
Following the ceasefire from earlier this week, Chevron's unit, Chevron Mediterranean Limited, received a notice from the Israeli Ministry of Energy and Infrastructures, whereby the Leviathan platform may be restarted and prepared for production, Israeli firm NewMed, a partner in the Leviathan field, said on Wednesday.
Accordingly, Chevron is now working on restarting the platform and resuming regular production from the reservoir within a few hours, NewMed said.
Leviathan is a major supplier of gas to Egypt and Jordan, which scrambled in the past weeks t...
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24.06.25 - 18:18
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Oil prices pare back losses amid doubts over Israel-Iran ceasefire (The Guardian)
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Stock markets including FTSE 100 edge higher as traders hope conflict will not disrupt oil suppliesBusiness live – latest updatesOil prices have pared back losses after a sharp fall triggered by Donald Trump's declaration of a ceasefire between Israel and Iran was tempered by doubts that the truce would hold.Donald Trump declared a “complete and total ceasefire” on Tuesday morning and Israel then confirmed it had “agreed” to the proposal. Continue reading......
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24.06.25 - 12:24
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Israel′s Netanyahu Agrees to Iran Ceasefire, Oil Price Collapses | The Opening Trade 06/24 (Bloomberg)
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Benjamin Netanyahu confirmed Israel will abide by a ceasefire agreement with Iran, which was announced earlier by President Donald Trump. The Israeli prime minister also said the country will respond forcefully to any breach of the truce, and that its objectives had been achieved. An Iranian official also confirmed Tehran had agreed to the cessation of fighting, Reuters reported.
Oil futures tumbled more than 5%, dropping below $68 a barrel, as Israel said it had agreed to the move. The plunge — which followed a roller-coaster session on Monday that ended in steep losses — took prices below the level on June 12, the day before Israel attacked Iran.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)...
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