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flag Alaska approved new oil projects despite environmental pushback, as crude prices dipped on rising supply hopes.

flag Alaska North Slope crude fell to $61.57 on January 6, 2026, as global supply concerns outweighed a larger-than-expected U.S. inventory draw. flag The U.S. military intervention in Venezuela raised expectations of increased oil supply under American oversight, reducing geopolitical risk premiums. flag Meanwhile, ConocoPhillips and the state of Alaska defended their 2026 exploration plans in the National Petroleum Reserve-Alaska against environmental challenges, while the Bureau of Land Management approved a revised development plan for the reserve. flag The Alaska Department of Natural Resources also approved the 2026 Pikka Unit Plan, advancing oil and gas development. flag The Resource Development Council named Connor Hajdukovich its new executive director.

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