** Senate Foreign Relations Committee Chairman Robert Menendez called Monday for freezing all U.S. cooperation with Saudi Arabia, delivering one of the strongest expressions yet of U.S. anger over Saudi oil-production cuts that serve to boost Russia in its war in Ukraine.
** JPMorgan CEO Jamie Dimon said the US should pump more oil amid the world’s energy crisis, just days after the Organization of the Petroleum Exporting Countries, or OPEC, agreed to an production cut that is equivalent to 2% of the global supply.
** A federal judge rejects claims by tribes and environmental groups in Minnesota that the U.S. Army Corps of Engineers failed to adequately review Enbridge’s Line 3 pipeline expansion plan.
** The increasing popularity of hybrid and electric vehicles is shrinking revenue from gas taxes, prompting more states to consider charging fees based on miles driven to help pay for roads and bridges.
** Exxon Mobil Corp. is considering a takeover of Denbury Inc., an oil and gas producer with the largest carbon dioxide pipeline network in the US, according to people familiar with the matter.
** Years after the Baltimore airport’s flight paths were changed to reduce emissions, a study says noise in newly affected areas led to productivity loss and medical expenses that may cost residents $800 million over the next three decades.
World
** India maintains a “healthy dialogue” with Russia and will look at what is offered following an announced ownership revamp to the Sakhalin-1 oil and gas project, Petroleum Minister Hardeep Singh Puri told Reuters.
** Sweden won’t share findings of the investigation into the explosions of the Nord Stream gas pipelines with Russian authorities or Gazprom, Swedish Prime Minister Magdalena Andersson said on Monday.
** Germany can weather a winter energy shortage caused by Russia’s invasion of Ukraine provided companies and households pull together, the German chancellor said on Tuesday before European Union ministers meet again on the energy crisis.
** European Union leaders on Friday agreed to give more financial and military aid to Ukraine, but a full day of talks in Prague’s ornate royal castle seemed to bring them no closer to deciding on whether or how to cap gas prices.
** New Zealand’s government on Tuesday proposed taxing the greenhouse gasses that farm animals make from burping and peeing as part of a plan to tackle climate change.
** Auto forecaster S&P Global Mobility warned on Tuesday that, under a worst case scenario, Europe’s energy crisis could cut its car production by close to 40%, or more than 1 million vehicles, per quarter through the end of 2023.
