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"Oil Jumps 2% On Saudi Plan To Deepen Output Cuts From July"

"SINGAPORE - Oil prices jumped more than $1 a barrel on Monday after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting macroeconomic headwinds that have depressed markets.

Brent crude futures were at $77.64 a barrel, up $1.51, or 2%, at 0014 GMT after earlier hitting a session-high of $78.73 a barrel.

U.S. West Texas Intermediate crude climbed $1.41, or 2%, to $73.15 a barrel, after touching an intraday high of $75.06 a barrel."

Source: Reuters, 06/05/2023

"New Mexico Imposes Oil And Gas Moratorium On State Land Near Schools"

"Members of the Navajo community have complained to Samuel Sage for years about the noise and vibrations that rattle their homes. They tell him about the dust kicked up by heavy trucks traveling the surrounding dirt roads and the smells that come from some of the oil and natural gas wells and tank batteries that dot the land around their Navajo community of Counselor in northwestern New Mexico."

Source: AP, 06/02/2023

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