Axios

The U.S. Treasury Department has doled out new sanctions — targeting 6 people, 24 companies, and 7 vessels, including people from Libya, Malta, Italy, and Egypt — in order to prevent oil smuggling to Europe, which Treasury says adds to the instability in Libya.

Context: Libya’s oil production accounts for 95% of the country’s export earnings. But the country has been embroiled in conflict since Gaddafi was overthrown in 2011, leading to disruptions to oil infrastructure and production. BMI Research has warned that disruptions to oil infrastructure are likely to continue in advance of the country’s elections slated for later this year, according to Oil Price.

The nonprofit Alliance for Market Solutions released new polling on millennial attitudes about the reality of human-induced climate change and efforts to combat it.

The bottom line: Millennials are broadly convinced human-induced climate change is real and deserves action, but millennial Republicans are relatively less concerned.

The oil and natural gas industry is running into a rough patch with President Trump.

Why it matters: A Republican president who promotes American energy dominance should be good for oil and gas producers. But instead, conflict is escalating over trade, ethanol and offshore drilling.