posteriori
Chevron (NYSE:CVX) stated Monday it was instructed by the Israel authorities to shut natural gas production on the Tamar platform within the Mediterranean Sea attributable to security issues following the weekend assault on Israel by Hamas.
Chevron (CVX) shares +2.3% pre-market Monday, as crude oil costs surge because of the assault and potential for sustained oil market turmoil.
The corporate stated it continues to provide Israel and the area from its Leviathan manufacturing platform.
The Tamar subject produces 7.1M-8.5M cm/day of pure fuel.
Individually, Australia’s Offshore Alliance of labor unions stated it filed notice for strike action at Chevron’s (CVX) Gorgon and Wheatstone services, answerable for greater than 5% of worldwide liquefied pure fuel manufacturing.
Chevron (CVX) has not but responded to the newest escalation, but it surely may select to restart a petition requesting Australia’s Honest Work Fee intervene within the dispute.