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Woodside invests in LNG platforms

Woodside has invested in two online LNG platforms designed to facilitate greater price transparency, efficiency and compliance in LNG markets. The platforms will support the evolution of the LNG trading market and the provision of precise real-time information, enabling market participants to more effectively match supply with demand under clearly defined governance frameworks. GLX was launched in 2016 and its…



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Oil Prices Down by over 1 percent due to Increase in U.S. Drilling

Oil prices fell by more than 1% on Monday as U.S. drilling activity picked up, even as a refinery fire in the U.S. state of Illinois resulted in the shutdown of a large crude distillation unit. U.S. West Texas Intermediate (WTI) crude futures were at $51.92 per barrel at 0144 GMT, down 80 cents, or 1.5%, from their last settlement.…

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