As the leaders of the world’s two largest economies meet in Beijing, energy markets will be watching closely for any breakthrough in a dispute that has reshaped global fuel flows: China’s tariffs on US oil and gas.
bp has acquired a 40% participating interest in a production sharing agreement (PSA) covering six oil and gas exploration blocks in Uzbekistan.
Oil largely held its 8% surge over the past three sessions, as Middle East tensions simmer and global stockpiles shrink at a record pace.
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