Top Resource extraction Demand Business Regulation Announcements
Exxon Mobile is criticized for $56 billion profit

The White House expressed a negative assessment of the record profit of Exxon Mobile in 2022. The company earned $56 billion, and it’s a maximum for both itself and the whole oil industry of Western countries.

1 February 2023
White House Supports Alaska Oil Project

The US Interior Department’s Bureau of Land Management supports an accelerated plan of oil production. It includes 3 new wells across the Willow site in the Petroleum Reserve-Alaska, instead of having 5 wells predetermined earlier.

1 February 2023
Western tankers increase shipments of Russian oil under the price cap

According to Eikon data, Western tankers increased shipments of Russian Urals crude in January, as its price did not exceed the limit of $60 per barrel.

1 February 2023
OPEC+ remains cautious on oil demand in China and supplies from Russia

OPEC+ is taking a cautious approach on oil, waiting for China's renewed economic activity and new limits on supplies from Russia. Delegates said OPEC+ will stand for preserving the same levels of black gold output at Wednesday's meeting.

31 January 2023
The EU is considering a price cap on Russian diesel fuel at $100 per barrel

The European Union plans to implement a $100-per-barrel limit on Russian diesel fuel.

27 January 2023
Massive profits of oil companies excite anger of White House

The tension between oil companies and Joe Biden increases again. A new round of animosity comes as companies have to report a collective profit near $200 billion.

27 January 2023
Freeport LNG got permission from federal regulators to restart the plant

Federal regulators approved the reopening of the Freeport LNG natural gas exporter plant in Texas.

27 January 2023
U.S. bans copper and nickel mining in northern Minnesota

The Twin Metals project is at risk due to the U.S. ban on mineral mining in northeast Minnesota. This restriction will last for 20 years.

27 January 2023
U.S. gas fell by 6% due to prolonged Freeport restart

On Tuesday, January 24, U.S. natural gas futures fell by 6%. The decline was driven by several reasons, among which is uncertainty about the restart of the Freeport LNG export plant.

25 January 2023
India became the largest importer of Russian oil

The EU banned offshore oil imports from Russia, and then the G7 countries put a price cap on exports. After that India became the largest importer of Russian oil offshore.

25 January 2023