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.

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.

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.

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.

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

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.

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

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.

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.

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.