** The Biden administration is ready to sell additional volumes of crude oil from the strategic petroleum reserve after the end of the 180-million-barrel release plan and then it would begin replenishing the SPR once prices fall to $67-$72 per barrel.
** President Joe Biden’s top energy adviser said the oil output cut by Saudi Arabia and its allies was a largely political move that won’t deter the US administration from trying to curb domestic energy prices.
** “People are going to suffer” this winter as natural gas prices rise and will likely put upward pressure on electricity prices, says a Democratic member of the Federal Energy Regulatory Commission.
** Pete Nicoletti of Check Point Software Technologies recommends all-electric vehicle manufacturers address a myriad of cybersecurity risks asserting that “hackers can impact a large number of EV Chargers all at once.”
** An Illinois county board passes a two-year moratorium on carbon pipelines as a developer seeks to build a multi-state project that would run through the area.
** Advocates say Alaska’s push to open the Arctic National Wildlife Refuge to oil and gas development triggered a backlash prompting financial institutions to withhold funding from all Arctic drilling.
World
** A public spat between the United States and Saudi Arabia will not deter top Wall Street executives and U.S. business leaders from a flagship investment event starting on Tuesday where the kingdom will seek deals to reduce its economy’s reliance on oil.
** Chinese refiners ramped up their purchases of Russian crude in September, sending imports surging over 20% year-on-year, according to official data cited in a Reuters report Monday.
** Much of continental Europe is poised for an unusually warm end to the month, with Paris seeing temperatures more common on a summer day than well into the heating season.
** The Chinese city of Chaozhou in Guangdong has plans to begin construction on its massive 43.3 GW offshore wind farm within the space of a few years, according to the city’s most recent five-year plan.
** Natural gas in Europe dropped below €100 per megawatt-hour for the first time since June as warm weather and ample stockpiles ease fears of shortages this winter.
** Uganda and Tanzania are set to begin work on a massive crude oil pipeline a year after the International Energy Agency warned that the world risked not meeting its climate goals if new fossil fuel projects were not stopped.
** Following a year of multiple announcements of green hydrogen projects across Europe, there are now plans for a major hydrogen corridor to be built between Southern and Northern Europe.