Links to SIX reports and analyses: from Agence France-Presse, the Cradle, ScheerPost, Geopolitical Economy Report, and Propublica; others are accessible by clicking on its name or initials. (Scroll down for ENERGY 5-1-26, and up or down for LEBANON, GAZA and IRAN.) — MCM

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OPEC+ hikes oil production quotas but stays mum on UAE pull-out. From AFP. Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota today in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates. READ MORE . . . Click HERE for a version of same AFP report in French, and HERE for headlines of others.  Click HERE to report from the Cradle.

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FROM MAY 2  Oil, empire, and the price of war, by Joshua Scheer  of ScheerPost and Ben Norton of Geopolitical Economy Report  This war isn’t just being fought with missiles — it’s being waged through oil markets, currencies, and corporate balance sheets. Meanwhile, a global energy system is being weaponized in real time. Click HERE for article by Scheer and video presentation by Norton.

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FROM MAY 1  Exxon, Chevron execs defy Trump’s ‘DRILL, BABY, DRILL’ policy: report. From the Cradle. U.S. oil majors ExxonMobil and Chevron have pushed back against White House pressure to raise production levels despite an ongoing energy crisis triggered by the U.S.-Israeli war on Iran, the Financial Times reported on Friday. READ MORE . . .

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FROM MAY 2  Event with links to oil industry teaches judges ‘healthy skepticism’ of climate science, by Abrahm Lustgarten | Propublica / ScheerPost  For many months, conservative lawmakers and political operatives have been targeting the scientists and lawyers behind the Climate Judiciary Project, a program meant to educate the courts about climate science. READ MORE . . .

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