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…
Environment Biden administration pushes to revitalize coal communities with clean energy projects April 4, 2023 U.S. Energy Secretary Jennifer Granholm speaks to reporters during a press briefing at the White House in Washington, June 22, 2022. Kevin Lamarque | Reuters The Biden administration is channeling…
Environment Oil prices surge 8% after OPEC’s surprise output cuts; analysts warn of $100 per barrel April 3, 2023 Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., at night in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images Oil prices surged as much…
Environment Energy agency chief warns transition to renewables is way off track, issues warning on stranded assets March 28, 2023 The current German coalition government is seeking to accelerate the country’s transition away from fossil fuels and nuclear to renewable and sustainable production energy means. Sean Gallup | Getty Images…
Environment Nevada approves $333 million natural gas plant as historic drought pressures state’s power grid March 23, 2023 Looking east to the Tracy Power Plant, a natural gas and oil-fired power plant owned and operated by Sierra Pacific Power, located near Interstate 80 and the Truckee River between…
Environment Russia and China are being driven together as the chasm with the West deepens March 21, 2023 Chinese President Xi Jinping speaks with Russian President Vladimir Putin as leaders gather for a family photo during the Belt and Road Forum on Yanqi Lake, outside Beijing, China, May…
Environment Oil rebounds after Brent prices slipped under $72 per barrel amid banking turmoil March 20, 2023 Bill Ross | The Image Bank | Getty Images Brent oil prices logged losses Monday, dropping below $72 per barrel in intraday trade amid turmoil in the banking sector. The…
Environment Oil plunge is bad for energy stocks but actually good for other areas of our portfolio March 15, 2023 Energy stocks were slammed Wednesday as U.S. oil prices plunged to their lowest levels since December 2021. The extent of the decline in West Texas Intermediate crude — down 5.5%…
Environment Oil tumbles 6%, heads for worst day since July as banking crisis routs markets March 15, 2023 In this article @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT Oil production in Azerbaijan Vostok | Getty Images Oil prices fell Wednesday, as traders feared a brewing banking crisis could…
Environment Russia’s oil revenues fall sharply as the West’s price cap starts to bite, IEA says March 15, 2023 Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products. Picture Alliance |…