Thailand will open bidding for major gas-producing blocks operated by Chevron and state-backed PTTEP once their licences expire, following pressure for improved transparency.
With oil prices at around $50/bbl, the prospect of OPEC capping production levels at its June meeting is looking increasingly remote.
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Healthy European supply levels have pushed hub prices lower this week despite cold temperatures across much of the continent. The NBP day-ahead dropped below 33 p/th ($4.76/MMBtu) on Tuesday, while the TTF day-ahead was just under 31 p/th.