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• Russia just said it won't sell oil to countries that try to impose a price cap on its crude
  Russia's deputy prime minister has said Moscow won't sell oil to countries that try to impose a price...
  Russia's deputy prime minister has said Moscow won't sell oil to countries that try to impose a price cap on its crude, just before finance ministers from the US and allies meet to discuss the plan.
  
  The US has been pushing to put a limit on the price of Russian oil in an effort to slash Moscow's revenues and cool inflation. Finance ministers from the G7 group of leading economies are meeting virtually on Friday to hammer out details, and five officials told the Financial Times a deal is likely.
  
  Yet Russia's deputy prime minister warned the country would refuse to keep supplying oil to anyone respecting the cap. That has raised the prospect of a sharp drop in crude supply and a spike in prices.
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• Energy companies reap gas price windfall
  The natural gas price surge is driving profits at oil companies that have not hedged their gas production...
  The natural gas price surge is driving profits at oil companies that have not hedged their gas production and prompting some players to expand their gas footprints. "Two or three years ago, oil companies would not even set a hand in natural gas... it was a negative, it was a nuisance, but it's not today," said Comstock Resources CEO Jay Allison.
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• ☕️What Else is Brewing This Friday Morning
  President Biden, in a rare prime-time address to the nation, accused former President Trump and the MAGA movement of extremism that “threatens the very foundations of our republic.”
  
  Chengdu, a Chinese city of 21 million people, has been locked down for four days of mass Covid testing.
  
  UN inspectors visited a Ukrainian nuclear plant controlled by Russian troops that some fear may be on the verge of catastrophe.
  
  California passed major climate change legislation Wednesday night that features $54 billion in clean energy and anti-drought spending, as well as plans to keep its last nuclear plant open.
  
  
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• Colo. operators use excess gas to mine cryptocurrencies
  Partnerships with cryptocurrency miners are helping oil and natural gas producers in Colorado to comply...
  Partnerships with cryptocurrency miners are helping oil and natural gas producers in Colorado to comply with the state's flaring ban, but such operations face opposition from some local governments. Lacking access to infrastructure to pipe its excess gas, D90 Energy has joined forces with Crusoe Energy to establish the largest oil- and gas-powered crypto mining operation in Colorado while it awaits regulatory approval for other solutions to its stranded gas problem.
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• Tropical Storm Danielle hours away from becoming season's first hurricane, winds now at 70 mph
  Tropical Storm Danielle is forecast to become the first hurricane of the Atlantic season this morning,...
  Tropical Storm Danielle is forecast to become the first hurricane of the Atlantic season this morning, according to the latest advisory from the National Hurricane Center.
  
  The storm had maximum sustained winds of 70 mph as of 5 a.m., just short of the 74 mph winds required to become a Category 1 hurricane.
  
  The storm poses no threat to the U.S.  Danielle's path will be an untraditional one, with the tropical storm forecast to trace a small loop over the waters of the North Atlantic through the weekend, according to AccuWeather.
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