Another tanker carrying liquefied natural gas from Abu Dhabi National Oil Co. has exited the Strait of Hormuz, adding to a recent uptick in energy flows through the vital waterway.
West Texas Intermediate crude briefly fell below $90 a barrel for the first time in almost three weeks amid signs the US and Iran were progressing toward an agreement to reopen the Strait of Hormuz.
Eni SpA will look to accelerate a $4 billion expansion of its offshore joint venture with Vitol Group in the Ivory Coast, Chief Operating Officer Guido Brusco said.
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