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World Oil News
Energy Workforce & Technology Council CEO Leslie Beyer applauded the Supreme Court ruling in WVA vs EPA that limits EPA’s authority to regulate greenhouse gases from power plants. Source
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Canada’s economic expansion suffered a minor setback last month after a robust start to the year, driven by a drop in oil production. Source
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The U.S. Supreme Court’s decision on the EPA’s federal overreach with the Clean Air Act is a win for good government, American energy producers and for hardworking taxpayers, Railroad Commission of Texas Chairman Wayne Christian said. Source
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The OPEC+ coalition ratified an oil-production increase that completes the return of supplies halted during the pandemic, while deferring discussions on its next move for another day. Source
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Through the agreement, Longboat farmed-in to two near-term, gas weighted exploration prospects on the Norwegian Continental Shelf targeting combined gross unrisked mean prospective resources of 223 mmboe1. Source
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It may not be quite throwing caution to the winds, but the prospect of hefty profits and supply that may not stretch to meet consumer demand is enticing U.S. refiners to run at a 21-month high, testing equipment limits to sustain high rates without breakdowns. Source
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Venezuela’s economy is forecast to expand at its fastest pace in 15 years, marking a rebound for a country that recently emerged from the deepest recession in Latin America. Source
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India slapped taxes on fuel exports and local crude oil production to tap windfall gains from surging global prices. Source
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Deirdre Michie OBE has today formally announced that at the end of 2022 she will hand over the reins after almost eight years as Chief Executive of Offshore Energies UK. Source
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Saudi Arabia’s foreign minister said there’s nothing more the kingdom can do to tame oil markets, implying that the world’s biggest crude exporter has no plan to accelerate its gradual production increases. Source
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