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Concrete jungle: Congestion charges could be coming to NYC

Concrete jungle: Congestion charges could be coming to NYC

It’s tolls for thee

New York City authorities are putting the finishing touches on what could become America’s first congestion pricing program in history, with plans for a $15 toll on drivers looking to access Manhattan's busiest streets to be introduced as early as next spring.

That $15 figure, which the MTA will vote on next year, was detailed in a draft of the new proposal, with taxi surcharges, half-price fees for motorcyclists, and daily $24 / $36 charges for trucks and non-commuter buses also outlined.

Decongestants

Following other major cities such as London and Singapore, the congestion fees are intended to curb traffic and encourage New Yorkers to catch public transport or use other alternatives to get around the city. Indeed, while pleas from Mayor Eric Adams for workers to return to offices in the city were somewhat successful — depending on what you read — the MTA might be wondering what it will take to get their subway cars and public buses packed out to pre-Covid levels again.

On March 5th, 2020, less than a week before the WHO declared the pandemic, some 5.5 million people took the subway in NYC, while 2.2 million New Yorkers were on the bus, according to MTA ridership data — but figures have struggled to get close to those thresholds ever since. On Tuesday, for example, there were just 3.9 million subway riders and 1.1 million people taking the bus. Car usage, on the other hand, is back to normal, explaining the return of the Big Apple's “insane” gridlock.

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US and Iran trade strikes overnight amid peace talks

Hours after President Donald Trump dismissed a report regarding a deal to restore traffic through the Strait of Hormuz, the US and Iran exchanged fresh strikes early on Thursday.

Despite an ongoing ceasefire as the countries hold talks to end the conflict, the US carried out new strikes inside Iran, The Guardian reports, prompting a retaliatory attack from Iran on a US airbase in Kuwait.

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Tom Jones

The UAE’s OPEC exit will hit the group in the barrels

After just shy of 60 years in OPEC, its membership even predating its status as a nation-state, the United Arab Emirates yesterday announced its shocking departure from the oil production group, effective May 1, as the knock-on effects of the Iran war continue to play out across the Middle East and the energy landscape.

For context, the UAE produces the third-highest amount of oil in the group, per April data and OPEC’s latest set of annual statistics.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
Sherwood News

Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
Sherwood News

Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

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