Daily on Energy: What we know and don’t know one week after the OPEC+ cuts

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Daily on Energy: What we know and don’t know one week after the OPEC+ cuts
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DAILY ON ENERGY: • The fallout from the OPEC+ decision • UN nuclear watchdog chief meets with Putin • Sen_JoeManchin to President JoeBiden: Follow through on IRA's oil and gas provisions

Editor's note: We sent out yesterday's version of Daily on Energy by accident earlier today. Please excuse the repeated emails...

There were intense eleventh-hour efforts to delay the cuts: The UAE privately urged caution and lobbied for a one-month delay in any cuts, multiple outlets reported, in line with the timeframe advocated by the U.S. Welcome to Daily on Energy, written by Washington Examiner Energy and Environment Writers Jeremy Beaman and Breanne Deppisch . Email [email protected] or [email protected] for tips, suggestions, calendar items, and anything else. If a friend sent this to you and you’d like to sign up, click here. If signing up doesn’t work, shoot us an email, and we’ll add you to our list.

"Now more than ever, during these extremely difficult times, a protection zone must be established around the ZNPP,” Grossi said. “We can’t afford to lose any more time, [and] the stakes are high.” Now that the Interior Department has accepted bids under Lease Sale 257 in the Gulf of Mexico, and moved forward on other lease sales, per the new law’s instructions, the administration “must follow through on issuing drilling permits and rights-of-way for these leases, and other existing leases, to realize the IRA’s benefits at the pump,” Manchin told Biden in a letter dated yesterday.

The Biden administration should “support our producers in the Marcellus and Utica, the Permian, Alaska” and “our neighbors in Alberta” rather than pleading with the Saudis to keep it up, or negotiating deals that ease up on Iran and Venezuela, he said. The Biden administration made the SPR the central component of its strategy for relieving high retail fuel prices, having committed to sell or exchange more than 200 million barrels from the 714 million-barrel capacity reserve over the last year.

BIDEN ESTABLISHES NEW NATIONAL MONUMENT IN COLORADO: Biden established a new national monument today encompassing Camp Hale, a former U.S. Army base, and the site of the Continental Divide in North Central Colorado.

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