The U.S. oil and gas rig count fell by 44 this month, the biggest drop in three years, after energy firms this week cut rigs for a fourth week in a row, energy services firm Baker Hughes Co said in its closely followed report on Friday.
With just four years before the Philippines' only gas field is set to run dry, the country has started importing liquefied natural gas (LNG), creating a fresh headache for a government struggling to curb high inflation.
Shell has cut crude oil imports at its Singapore refinery this month and is relying on smaller tankers after extending repairs at its single buoy mooring (SBM) facility to June, according to government notices and shipping data.
Qantas Airways on Tuesday forecast a record annual profit and hiked its share buyback programme by up to A$100 million ($67.83 million), courting demands from a workers' union to return billions received as pandemic aid from the government.