- Oil is trading higher around $83, after falling more than $3 yesterday
- Russian oil shipments climbed for the third consecutive week, overshooting the target set alongside Saudi Arabia to keep some supply off the market
- The majority of exports have been shipped to China and India
- Alaskan oil plan threatens future drilling in the state (BBG)
- The Biden Administration is pursuing changes that would make it more difficult to pursue oil extraction from new leases in Alaska
- ConocoPhillips Alaska said the plan “would discourage investment in the North Slope by adding more layers of permitting requirements and restrictions, even for existing leases,”
- The Interior Department argues that the changes are needed to balance development and environmental protection
- The administration said the changes won't affect “currently authorized oil and gas operations,” including the 600 MMBbl Willow project approved earlier this year
- Russian oil shipments climbed for the third consecutive week, overshooting the target set alongside Saudi Arabia to keep some supply off the market
- AEGIS Press Release
- AEGIS Markets Celebrates Its First Anniversary with Continued Growth on its Hedge Marketplace
- After a tremendous year of progress ensuring compliance and improving the efficacy of hedging markets, AEGIS SEF will be referred to as AEGIS Markets going forward. Regarding this change, Chris Payne, President of AEGIS Markets, stated, “We’re overwhelmed by the support and feedback from the Dealers and End Users who are executing on our swap execution facility. While compliance remains important, our mission has always focused on creating a modern marketplace for hedging transactions."