Environment Oil and gas will continue to power the world for decades to come, big oil firms say June 30, 2023 Oil rigs on platforms in Gaoyu Lake in east China’s Jiangsu province Friday, Sept. 17, 2021. Barcroft Media | Getty Images Oil and gas will continue to be leading sources…
Environment Stocks rise on strong housing data, bolstering our newest Club holding June 27, 2023 Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. No man’s land Watch Big…
Environment Oil prices climb after Russia mutiny stoke fears of supply disruption June 26, 2023 Russia’s President Vladimir Putin issues a statement in Moscow on June 24, 2023 as Wagner fighters stage rebellion in the biggest threat to Putin’s quarter-century grip on power. Pavel Bednyakov…
Environment German energy prices are so high they’re driving companies to relocate, industry body says June 21, 2023 German energy prices are so high that some companies are considering leaving the country altogether, according to Siegfried Russwurm, head of the German Industry Federation (BDI). CNBC’s Annette Weisbach asked…
Environment The world’s energy system is ‘no longer fit for purpose,’ says energy council chief June 8, 2023 Wind power generation and shoal aquaculture are seen at a demonstration base of coastal shoal industry in Yancheng City, East China’s Jiangsu province, May 16, 2023. (Photo credit should read…
Environment Oil giant Shell’s UK ad campaign banned for being ‘likely to mislead’ consumers June 7, 2023 Shell, which is aiming to become a net-zero emissions business by 2050, said it was concerned by what it described as a “short-sighted” decision. Mike Kemp | In Pictures |…
Environment Erdogan’s new pick for Turkish finance minister has markets hoping for economic orthodoxy June 5, 2023 Turkey’s President Recep Tayyip Erdogan has named former economy chief Mehmet Simsek as his new treasury and finance minister. Source: World Economic Forum In the unveiling of his new cabinet,…
Environment Oil prices pop 2.5% after Saudi Arabia pledges more voluntary production cuts June 5, 2023 Imaginima | E+ | Getty Images Oil prices jumped following OPEC kingpin Saudi Arabia’s decision to cut production by another million barrels per day. On Sunday, the Organization of the…
Environment World’s biggest investment fund says firms mismanaging climate risk could face exclusion from next year May 31, 2023 Norway’s sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country’s oil and gas sector. Bloomberg | Bloomberg | Getty Images Norway’s $1.4 trillion…
Environment Debt limit bill would speed completion of controversial West Virginia gas pipeline May 30, 2023 Lengths of pipe wait to be laid in the ground along the under-construction Mountain Valley Pipeline near Elliston, Virginia, September 29, 2019. Charles Mostoller | Reuters A bipartisan debt limit…
Environment Biden Interior advances renewable energy transmission projects in Nevada May 26, 2023 Heavy electrical transmission lines at the powerful Ivanpah Solar Electric Generating System, located in California’s Mojave Desert at the base of Clark Mountain and just south of this stateline community…
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…