Other news

European underground gas storage (UGS) is more than twice as high as storage withdrawals, which significantly exceeds average values for December. Gas withdrawals from EU inventories dropped, hitting a low for December.

A number of investors with about $1.4 trillion in combined assets have called for taking actions to reduce greenhouse gas emissions.

The head of “Rosgeologia” Sergei Gorkov declared that in 2023, a decrease in offshore geological explorations is expected both in Russia and other countries.

Russian Deputy Prime Minister Alexander Novak believes it will be difficult for European countries to find alternatives to Russian oil products when the effect of the EU embargo becomes fully evident.

A winter storm that gripped the U.S. could disrupt global liquefied natural gas (LNG) supplies, what may lead to a subsequent market tightening.

The Xinjiang branch of PetroChina National Petroleum Corporation reported data on oil and gas production.

California Gov. Gavin Newsom proposed imposing a limit on the gross gasoline refining margin. An upper limit has yet to be set in cents per gallon. According to Newsom’s proposal, oil companies would be penalized if the margin exceeds the price ceiling.

For the second month in a row, Saudi Aramco, Saudi Arabia's national oil company, is reviewing its prices for the United States, keeping them at record highs. Meanwhile, the unspoken rule of no price decreases has been in effect since November 2021.

Chevron Chairman and CEO Mike Wirth discussed Joe Biden's claims regarding the oil industry.

This year, the offshore rigs were in high demand. Meanwhile, the number of these rigs in the US decreased.