World Oil’s Top Stories of 2022: 21-25

As the year comes to an end, World Oil looks back on all of our breaking news items. Record-breaking crude exports and billion-dollar oil projects are only some of the incredible feats the industry accomplished. Keep reading for our final collection of top news stories of 2022.

21: Oil prices swing as traders scour U.S. for crude supplies

The heart of the U.S. physical oil markets is screaming for supplies even as headline prices swing due to worries about a global recession.

22: ExxonMobil moves forward with $10 billion Guyana offshore oil project

The company’s fourth, and largest, project in the Stabroek Block offshore Guyana is expected to produce approximately 250,000 bpd starting in 2025.

23: Biden called to unleash shale to counter deepening energy crisis

The chorus is growing from America’s oil executives for President Joe Biden to throw the federal government’s weight behind an industry he once deliberately shunned: U.S. shale.

24: Russian media: Lukoil chairman dies after falling from hospital window

Lukoil was the only Russian oil producer to call for a “fast resolution of the military conflict” in Ukraine early March, just after Moscow’s invasion of its neighbor entered its second week.

25: Canadian oil exports to Asia reach record with new U.S. link

Canada's oil sands producers were able to export a record amount of crude to overseas markets thanks to a new link to the U.S. Gulf Coast.