 Energy & Environment |
Energy & Environment |
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Saudi Arabia and Russia announce new oil cuts |
Saudi Arabia and Russia announced significant cuts to oil supply and exports Monday, citing a need to "stabilize markets."
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Saudi Arabia's state-owned Saudi Press Agency announced July cuts of 1 million barrels will extend into August, producing about 9 million barrels a day through the month.
Russian Deputy Prime Minister Alexander Novak, meanwhile, said Monday that "[w]ithin the efforts to ensure the oil market remains balanced, Russia will voluntarily reduce its oil supply in the month of August by 500,000 barrels per day by cutting its exports by that quantity to global markets." It's unclear, however, whether the cut will result in reduced production or only reduced exports. Much of the West, including the U.S., have sought to hamper Russian oil imports since the country invaded Ukraine in 2022, including de facto price caps on sea-borne Russian oil. ... Read more in a full report at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. We're off tomorrow but we'll be back on Wednesday. Happy 4th of July! |
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How policy will affect the energy and environment sectors now and in the future: |
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The Chinese government on Monday announced new limits on the exportation of two rare metals necessary for the production of semiconductors and electric vehicles.
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The risk of heat-related illness will remain high throughout the weekend in the South amid sweltering heat that could break some records. |
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As federal and state officials prepare to renegotiate the rules governing the Colorado River, the region's tribal nations are demanding seats at the table — seats that could make or break the basin's future. |
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Branch out with a different read on The Hill: |
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Humans pumped so much groundwater out of the Earth that the planet has begun to wobble detectably on its axis, a new study has found. On its own terms, the magnitude of the new wobble is slight — a … |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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Why the media too often ignores the connection between climate change and meat (Vox)
White House cautiously opens the door to study blocking sun's rays to slow global warming (E&E News) How climate change inflames extremist insurgency in Africa (The Washington Post)
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The Hill's Clean Energy Permitting Reform: The Path Ahead, Wednesday, July 26, 2023, 8-10 a.m. ET | National Press Club |
Join The Hill on July 26, 2023, from 8-10 a.m. at the National Press Club as we convene lawmakers, clean energy experts and executives to discuss renewable energy infrastructure deployment, reaching clean energy goals and the outlook for greater reforms.
Guests include, Rep. John Curtis (R-Utah), Vice Chair of the Energy, Climate & Grid Security Subcommittee and Vice Chair of the Federal Lands Subcommittee; Xan Fishman, Director of Energy Policy & Carbon Management at the Bipartisan Policy Center; Sen. John Hickenlooper (D-Colo.), Member of the Energy & Natural Resources Committee; and Heather Reams, President of Citizens for Responsible Energy Solutions (CRES) |
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Two key stories on The Hill right now: |
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The 2024 battle for the Senate started with a bang earlier this year and has not let up, as candidates in top races continue to roll out their campaigns and incumbents scratch and claw to win reelection. Their efforts will determine who will control the upper chamber for the next two years. Read more |
| As website designer Lorie Smith battled Colorado's public accommodation law, she claimed that one day after filing her lawsuit, a man requested she design a website for his upcoming same-sex marriage. Read more |
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Op-eds related to energy & environment submitted to The Hill: |
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You're all caught up. See you tomorrow! |
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