Oil spiked on a larger than expected inventory draw this week, but fears of a second wave of COVID have caused crude prices to retreat
Western Australia's industrial safety regulator said the inspection orders were for trains one and three and had to happen before August 21. It was not immediately clear whether Chevron would have to shut down trains 1 and 3 at the 15.6 million tonnes a year plant, one of the world's largest LNG projects, to conduct the inspection and any necessary repairs. "We are evaluating, based on the learning that we've got, how to best address trains 1 and 3," Chevron Vice President Jay Johnson told analysts on an earnings call on July 31.
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