Iraqi Govt Signs Internal Deal to Resume Oil Exports Through Turkey Iraq's federal government and its Kurdistan autonomous region signed an accord Tuesday to restart oil exports through Turkey after oil shipments were halted 10 days ago.... Russia
Oil Prices Surge After OPEC+ Surprise Output Cuts Fuel prices rose sharply after Saudi Arabia and other OPEC+ countries announced a surprise round of output cuts on Sunday. The 1.16M barrel-per-day ('bpd') cuts could potentially spell trouble for global inflation, which was slowing down just days after an optimistic report on US price data.... Russia
US House Passes GOP Energy Agenda On Thursday, the Republican-majority US House voted 225-204 to pass a wide range of energy proposals that would boost oil and gas production, increase the mining of critical minerals, and change the National Environmental Policy Act's project approval process.... Oil & gasoline
Biden Admin Approves Alaskan Oil and Gas 'Willow Project' US Pres. Biden's administration greenlit ConocoPhillips’ large Willow oil and gas drilling project in Alaska on Monday, much to the consternation of environmental and climate change campaigners.... Oil & gasoline
Philippines: Oil Spill Impacts Marine Life, Human Health Last week, the MT Princess Empress — an oil tanker carrying 800K liters of oil — sank off the coast of the Oriental Mindoro province in the Philippines. The oil has now reached the shores of nearby areas including fishing villages, coating them in a thick and oily sludge.... Accidents
Russia to Cut Oil Output by 500k Barrels a Day On Friday, Russia's deputy prime minister announced plans to cut oil production by 500k barrels per day — roughly 5% of output — starting in March amid economic sanctions imposed on the country by the West.... Russia
TotalEnergies Reports Record Profit in 2022 On Wednesday, French oil giant TotalEnergies announced a record adjusted net profit of $36.2B in 2022, double the previous year's figures. Fossil fuel
Shell Reports Highest Profits in 115 Years On Thursday, oil and gas giant Shell reported record annual profits of $39.9B for 2022 after energy prices surged following Russia's invasion of Ukraine. The company's profits were double those from the previous year and its highest in 115 years.... Oil & gasoline
Nigeria: At Least 40 Killed After Gangs, Vigilantes Clash On Friday, Katsina, Nigeria state police said an armed gang, known locally as bandits, attacked a village in the Katsina Bakori local government area on Thursday, stealing cattle and sheep before fleeing Pollution
Energy: BP Profit Soars to Record $28B On Tuesday, British Petroleum (BP) reported a record profit of $28B for 2022 Oil & gasoline
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