The Changing Landscape of Energy: Updates on Oil Industry Developments and Market Trends

Posted: April 21, 2023

RP Weekly Recap | April 14-21


Although slightly old news by now, the Willow project has been approved by the Biden administration, although it is facing a lot of opposition from conservationist groups. The federal courts rejected a bid this week to halt progress on the project but was ultimately rejected. There are still many years between now and when oil flows from the Willow project on Alaska’s North Slope, however, it seems it will be laced with similar trials. The international markets remain all over the place. While Australia looks to 3x the taxes oil producers will have to pay; Algeria, Venezuela, and Bolivia look to bolster their oil industries.

Financial & Economic Updates

U.S. Oil Market News

Global Market News

Employment Updates

United States Rig Count

  • Down 1 rig from last week to a total of 748
  • Up 7.8% from one year ago
  • Statistics courtesy of Baker Hughes


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