ENERGY

Authored by Jonathan Lesser via RealClearEnergy,

A recent article published in Nature claims that climate liability lawsuits, such as the ones various U.S. states and municipalities continue to pursue, are on rock-solid legal grounds, thanks to the authors’ new research “proving” that the world would be $28 trillion richer today but for carbon emissions from fossil fuels over a 30-year period, 1991 -2020. Ignoring the emissions from developing countries, notably China, which today (more…)

By Julianne Geiger of OilPrice.com

The OPEC+ members currently participating in voluntary production cuts will meet this Saturday, May 3, instead of Monday, May 5, according to Kpler’s Amena Bakr on X. The call is set for noon Vienna time, with the agenda focused on “consensus building around maintaining the sped-up increment of 411K for June.”

Brent crude had slipped nearly 1% by late Friday morning, trading at $61.56. It’s a price level not seen since early (more…)

Oil prices extended their recent plunge this morning as traders expect Saudi Arabia to steer OPEC+ to agree on another supply surge next week as the kingdom continues its campaign to discipline the cartel’s errant members.

“History shows that when OPEC+ leadership decides to encourage compliance by supply pressure, it does not stop until it achieves its goal,” said Bob McNally, president and founder of Rapidan Energy Advisers LLC and a former White House energy official.

Overnight (more…)