Environment Turkey’s runoff election is paralyzing key oil exports from northern Iraq May 25, 2023 A satellite image showing the port of Ceyhan centred on August 18, 2015 in Turkey. Gallo Images | Gallo Images | Getty Images Turkey’s runoff election is compounding delays to…
Environment Fossil fuel investment set to exceed $1 trillion in 2023, ‘more than double’ levels needed for a net-zero future: IEA May 25, 2023 Wind turbines and coal photographed in Maryland, United States. Chip Somodevilla | Getty Images News | Getty Images Global investment in energy is slated to hit roughly $2.8 trillion in…
Environment Japan and South Korea have a lot at stake in a free and open South China Sea May 24, 2023 China has so far not acted in an aggressive manner toward shipping in the South China Sea, but the very potential of action creates a clear threat to the economies…
Environment Oil giant Shell braces for shareholder revolt over climate plans after record profits May 23, 2023 In this article SHEL-GB Follow your favorite stocksCREATE FREE ACCOUNT Shell reported adjusted earnings of $39.9 billion for the full-year 2022. Sopa Images | Lightrocket | Getty Images LONDON —…
Environment Norway faces backlash from campaigners for ‘reckless’ pursuit of Arctic oil and gas May 22, 2023 A view of fjords as they melt due to climate change near Svalbard Islands, in the Arctic Ocean in Norway on July 19, 2022. Anadolu Agency | Anadolu Agency |…
Environment Oil price dip ignores burgeoning Chinese demand and imminent supply crunch, IEA warns May 16, 2023 Aerial view of oil and gas jack-up rig at the yard for maintenance with many vessels in Singapore. Oil prices saw three consecutive weekly declines last week, marking the longest…
Environment Here are 4 stocks Jim Cramer thought about buying for the Club and the reasons why May 15, 2023 We’re always scanning the market, looking for opportunities to deploy capital as prices come down. With our expectation for more volatility ahead as the debt ceiling debate picks up, we’re…
Environment Oil giant Saudi Aramco posts 19% drop in first-quarter profit May 9, 2023 An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia, on Wednesday, Oct. 3, 2018. Simon Dawson | Bloomberg…
Environment Oil’s sharp slide has surprised markets. But some traders now see a bottom for prices May 8, 2023 Aerial view of oil and gas jack-up rig at the yard for maintenance with many vessels in Singapore. Oil prices saw three consecutive weekly declines last week, marking the longest…
Environment Energy stocks were due for Friday’s rally. Here’s how we’re approaching our oil-and-gas names now May 5, 2023 Oil stocks showed signs of life Friday, boosted by a sharp rise in crude prices. It’s an overdue move that may portend a further recovery rally. However, the energy sector…
Environment Oil giant Shell beats expectations with $9.6 billion in first-quarter profit May 4, 2023 Shell reported adjusted earnings of $39.9 billion for the full-year 2022. Sopa Images | Lightrocket | Getty Images British oil giant Shell on Thursday posted stronger-than-anticipated first-quarter profit, extending a…
Environment PlayStation, treasure hunts and natural wonders: What life is like onboard a giant oil tanker May 1, 2023 An oil tanker being serviced by a bunkering vessel. Courtesy: Hafnia If you think that life at sea is like the movie franchise “Pirates of the Caribbean,” think again. The…
Environment Oil major BP braces itself for shareholder revolt after scaling back its climate targets April 27, 2023 In this article BP.-GB Follow your favorite stocksCREATE FREE ACCOUNT BP, which was one of the first energy giants to announce an ambition to cut emissions to net zero “by…
Environment ‘Crypto is dead in America,’ says longtime bitcoin bull Chamath Palihapitiya April 24, 2023 Chamath Palihapitiya Olivia Michael | CNBC Tech investor Chamath Palihapitiya, who said two years ago that bitcoin has replaced gold and predicted the digital currency would climb to $200,000, has…
Environment Germany, Poland and others are pushing for new sanctions on Russia’s nuclear energy April 19, 2023 Russian President Vladimir Putin. Germany and other EU countries are looking to sanction Russian nuclear energy. Contributor | Getty Images News | Getty Images Germany, Poland and a few other…
Environment Germany has shut down its last three nuclear power plants, and some climate scientists are aghast April 18, 2023 16 April 2023, Baden-Württemberg, Neckarwestheim: The Neckarwestheim nuclear power plant. The era of commercial power generation with nuclear power plants in Germany came to an end on Saturday with the…
Environment The ‘energy crisis is solved’ and the German economy is safe, Bundesbank’s Nagel says April 13, 2023 The headquarters of the European Central Bank (ECB) pictured on February 03, 2022 in Frankfurt, Germany. Thomas Lohnes | Getty Images News | Getty Images Germany’s energy worries are over…
Environment Here’s the inflation breakdown for March 2023 — in one chart April 12, 2023 South_agency | E+ | Getty Images Inflation continued to retreat in March as energy prices pulled back from a year ago, when they began to spike due to Russia’s invasion of…
Environment Tesla to open a new Megafactory in Shanghai, China, company says April 9, 2023 A Tesla Megapack in Moss Landing, California Andrew Evers | CNBC Tesla will open a new Megafactory in Shanghai, China, that is capable of producing 10,000 Megapacks a year, the…
Environment Here are the 6 stocks we traded at the start of the second quarter — and why April 6, 2023 Despite an unexpected banking crisis that had reverberations across markets and the broader global economy, equities ended the first quarter of the year on a positive note last Friday. But…