Daily on Energy: Phase Two of the Russian oil price cap

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It appears that Russia has been able to command higher prices due in part to the lack of enforcement in the first 10 months of the cap. Russia’s flagship Urals-grade crude exports averaged around $85 per barrel in September, according to market data— roughly $25 higher than the capped price of $60 agreed to by members of the coalition. And sizable volumes were still being transported by Western ships.

Welcome to Daily on Energy, written by Washington Examiner Energy and Environment Writers Breanne Deppisch and Nancy Vu . Email bdeppisch@washingtonexaminer.com or nancy.vu@washingtonexaminer.com 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.

"Everyone agrees with this project, all parties want to participate, want to work. It's a matter of implementation. I think we will move at a good pace," Putin said today in Beijing, where he met with Khurelsukh on the sidelines of China’s Belt and Road Initiative conference. AAI, which represents nearly all major U.S. automakers excluding Tesla, said yesterday that NHTSA’s plan"exceeds reason and will increase costs to the American consumer with absolutely no environmental or fuel savings benefits."

“Federal protection came too late to reverse these species’ decline, and it’s a wake-up call on the importance of conserving imperiled species before it’s too late,” agency director Martha Williams said in a statement. As Bloomberg lays out, the reasons for the drop in funding levels can be pointed to geopolitical turmoil, inflation, rising interest rates and lowered valuations – all factors that affect the tech investment landscape at large.

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