Energy & Fuel

"UAE Defends Big Oil’s Role At UN Climate Summit It Will Host"

"A senior United Arab Emirates official says the Gulf nation wants the U.N. climate summit it’s hosting later this year to deliver “game-changing results” for international efforts to curb global warming, but doing so will require having the fossil fuel industry at the table."

Source: AP, 06/05/2023

"Oil Jumps 2% On Saudi Plan To Deepen Output Cuts From July"

"SINGAPORE - Oil prices jumped more than $1 a barrel on Monday after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting macroeconomic headwinds that have depressed markets.

Brent crude futures were at $77.64 a barrel, up $1.51, or 2%, at 0014 GMT after earlier hitting a session-high of $78.73 a barrel.

U.S. West Texas Intermediate crude climbed $1.41, or 2%, to $73.15 a barrel, after touching an intraday high of $75.06 a barrel."

Source: Reuters, 06/05/2023

"New Mexico Imposes Oil And Gas Moratorium On State Land Near Schools"

"Members of the Navajo community have complained to Samuel Sage for years about the noise and vibrations that rattle their homes. They tell him about the dust kicked up by heavy trucks traveling the surrounding dirt roads and the smells that come from some of the oil and natural gas wells and tank batteries that dot the land around their Navajo community of Counselor in northwestern New Mexico."

Source: AP, 06/02/2023

"Debt Deal Pares Federal Role in Environmental Permitting Reviews"

"Permitting changes included in the deal to suspend the debt limit are drawing concern from environmentalists who say many projects would escape federal review under the proposal making its way through Congress."

Source: Bloomberg Environment, 06/02/2023

"US Debt Ceiling Bill Passes House With Broad Bipartisan Support"

"A divided U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hardline conservatives and avoid a catastrophic default."

Source: Reuters, 06/01/2023

"How The U.S. Wants To Pressure China To Help Avert Climate Catastrophe"

"The Biden administration is searching for ways to push the world’s largest polluter to reduce carbon emissions, as superpower rivalries engulf a fragile bilateral relationship that could determine the future of global warming."

Source: Washington Post, 05/31/2023

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