Chevron said production at its Gorgon liquefied natural gas plant off Western Australia has resumed after it discovered a minor gas leak at one of its three processing units, called trains, nearly two weeks ago. The leak was detected on piping associated with the dehydration unit on Train 1 and the unit was shut down as a precautionary measure, Chevron said on Nov. 17. "Production at Gorgon LNG Train 1 has resumed following the completion of repair work," Chevron said in a statement.
Renewed Covid fears have managed to do what Biden couldn't, sending oil prices crashing as a new wave of demand destruction looms.
The direction of the February Comex gold futures contract into the close on Friday is likely to be determined by trader reaction to $1781.00.