EU Methane Emission Rules May Increase Oil Import Costs, Exxon Mobil Warns

European Union regulations aimed at reducing methane emissions, a significant greenhouse gas, could potentially raise the cost of crude oil imports by approximately 13%, according to Exxon Mobil. Bloomberg posted on X, highlighting concerns that these measures might severely impact the EU's industrial sector. The warning comes as EU leaders prepare to convene for discussions on the proposed rules. Exxon Mobil's caution underscores the potential economic implications of the EU's environmental policies on the energy sector and broader industrial landscape.