Energy quick reads

** The Supreme Court declined to weigh in on a climate change case the state of Minnesota is pursuing against ExxonMobil, the American Petroleum Institute trade group and other fossil fuel groups.

** The Supreme Court won’t take up a case seeking revive a proposed gold and copper mine that was blocked by the Environmental Protection Agency (EPA) in 2021. The court did not comment on its decision not to take up the case.

** The U.S. Energy Department’s weekly inventory release showed a lower-than-expected decrease in natural gas supplies. The bearish inventory numbers notwithstanding, futures climbed to a one-month high, powered by predictions of robust weather-related demand.

**  Warren Buffett’s Berkshire Hathaway has avoided trial by settling allegations it violated the terms of its buyout of truck-stop-chain Pilot Travel Centers by changing the accounting methods used to value the last part of the deal.

** The Biden administration appears to have intervened in a supposedly nonpartisan science review, manufacturing a paper trail in support of its environmental justice efforts targeting a major chemical plant, according to court filings reviewed by Fox News Digital.


** France will aim to reduce the share of fossil fuels in its energy consumption mix to 40% from more than 60% by 2035, Energy Transition Minister Agnes Pannier-Runacher said in an interview with La Tribune Dimanche.

** Shell Plc. signed a long-term deal to buy liquefied natural gas from a Canadian floating export facility to serve energy markets in Asia.

** Saudi Arabia will cut key crude prices for buyers in all regions, including its main Asia market, for February amid persistent weakness in the market.

** China Energy Investment Corp., the country’s biggest power producer, said it’s well on course to overshoot its target of 40% renewables in its overall generation capacity by 2025.