"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."

"After a rocky start to a week of negotiations, around 170 countries agreed to develop a first draft by November of what could become the first global treaty to curb plastic pollution by the end of next year.

"Three major chemical companies on Friday said they would pay more than $1 billion to settle the first in a wave of claims that they and other companies contaminated drinking water across the country with so-called forever chemicals that have been linked to cancer and other illnesses."

"Louisiana is joining nine other states in a lawsuit against the federal government over its new system for setting flood insurance rates, which is triggering steep hikes for homeowners, Attorney General Jeff Landry announced Thursday, calling the increases a “disaster of its own” that risks driving out families and businesses."

"Consumer groups are condemning the Environmental Protection Agency (EPA) for allowing plastic containers made with toxic PFAS “forever chemicals” to continue being distributed across the economy – even though the agency is suing a top manufacturer over the dangerous compounds leaching into containers’ contents, such as food or personal care products."

"The largest insurer in California said it would stop offering new coverage. It’s part of a broader trend of companies pulling back from dangerous areas."

"A consumer class action lawsuit filed Tuesday claims Delta Air Lines inaccurately billed itself as the world’s “first carbon-neutral airline” and should pay damages. The complaint in federal court in California alleges the airline relied on carbon offsets that were largely bogus."

"State Farm said it would stop selling new insurance policies to homeowners in California, exacerbating troubles for thousands in the wildfire-prone state, who are already feeling the heat with coverage getting costlier or harder to come by."

"As talks start this week on a global plastics treaty, debate is emerging between countries wanting to limit the production of more plastics and the petrochemical industry favoring recycling as the solution to plastic waste."

"Incinerators, plastics companies and big agriculture among polluters racing to position as green as billions in federal subsidies flow".