Environment

Caroline Ellison, former chief executive officer of Alameda Research LLC, center, arrives at court in New York, US, on Tuesday, Oct. 10, 2023.  Yuki Iwamura | Bloomberg | Getty Images In sentencing FTX founder Sam Bankman-Fried to a 25-year prison sentence on Thursday, Judge Lewis Kaplan cited testimony from Caroline Ellison, an ex-girlfriend of the

FTX founder Sam Bankman-Fried faces a maximum possible sentence of 110 years in prison under federal sentencing guidelines for the massive fraud conspiracy that led to the collapse of his cryptocurrency exchange and a related hedge fund, a judge ruled Thursday. Judge Lewis Kaplan increased the sentencing guidelines range for Bankman-Fried after finding that he

Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNY While prosecutors are requesting that FTX founder Sam Bankman-Fried spend 40 to 50 years in prison for his crimes, the defense team is urging the judge to consider a sentence that’s roughly 90% shorter. Bankman-Fried’s fate will be announced in Manhattan on

In this article @LCO.1 @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT An oil pumpjack in a field in Grandfalls, Texas, on March 24, 2024. Brandon Bell | Getty Images Crude oil futures fell for a second day Wednesday as U.S. crude stockpiles rose. The West Texas Intermediate contract for May delivery dipped 11 cents, or

In this article COIN BTC.CB= Follow your favorite stocksCREATE FREE ACCOUNT A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Dado Ruvic | Reuters The Securities and Exchange Commission scored a major win in its lawsuit against Coinbase on Wednesday, as a

Brent Whitehead and Matt Lohstroh at the first unit they built in east Texas. Matt Lohstroh The Argentine province of Mendoza is famous for its vineyards and full-bodied Malbecs. But the popular wine region in the foothills of the Andes mountains is also home to the world’s second-largest shale gas reserve called Vaca Muerta, which

In this photo illustration, Anthropic logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Bankrupt crypto exchange FTX has struck a deal with a consortium of buyers to sell the majority of its stake in artificial intelligence startup Anthropic for $884 million, according to a filing submitted

A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. Nick Oxford | Reuters Senior U.S. lawmakers believe the International Energy Agency has “strayed from its core mission” of safeguarding energy security and has emerged as a “cheerleader” for the green transition.

The Einride EV freight truck charging station in Lynwood, California, built by Voltera and located close to the Ports of Los Angeles and Long Beach. Einride One of the first EV charging stations of scale for freight trucks is opening near the major ports of Los Angeles and Long Beach, California, as the trucking market

US Energy Secretary Jennifer Granholm speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024.  Mark Felix | AFP | Getty Images HOUSTON — The Biden administration this week sought to reassure skeptical oil and gas executives that a pause on liquified natural gas exports from new projects would be short-lived and

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024. Mark Felix | Afp | Getty Images Top oil executives have been sharply criticized for pushing back against the viability of the clean energy transition at a U.S. conference, with campaigners denouncing an industry claim

Kuwait Petroleum Corporation Deputy Chairman & CEO Shaikh Nawaf Al-Sabah speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024.  Mark Felix | Afp | Getty Images HOUSTON — The crisis in the Red Sea could lead to a shortage in the global tanker fleet if disruptions persist for another six months,

Shaikh Nawaf S. Al-Sabah, deputy chairman and chief executive officer of Kuwait Petroleum Corp., speaks during the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Tuesday, March 19, 2024.  Aaron M. Sprecher | Bloomberg | Getty Images HOUSTON — Global energy demand will increase faster than the rate of population growth through

Amin Nasser, chief executive officer of Saudi Aramco, speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Monday, March 18, 2024.  F. Carter Smith | Bloomberg | Getty Images HOUSTON — Saudi Aramco CEO Amin Nasser said Monday that the energy transition is failing and policymakers should abandon the “fantasy”

In this article XOM HES CVX Follow your favorite stocksCREATE FREE ACCOUNT HOUSTON — Exxon is not trying to acquire Hess as the oil major battles with Chevron over lucrative oil assets in Guyana, CEO Darren Woods said Monday. When asked directly, Woods told the CERAWeek by S&P Global energy conference that acquiring Hess is

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nasholim, on August 29, 2022. JACK GUEZ | AFP DUBAI, United Arab Emirates — Plans for a 50% stake purchase by energy major BP and Abu Dhabi National Oil Company (Adnoc)

A view of an oil well at Arab Desert in Jebel Dukhan, Bahrain on March 4, 2024. Nurphoto | Nurphoto | Getty Images Crude oil futures were jolted out of their recent slump Wednesday after industry data showed falling U.S. crude inventories and Ukraine attacked Russian oil refineries again. The West Texas Intermediate contract for

Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB) gasoline, CARB diesel fuel, and other petroleum products, in Carson, California, U.S., March 11, 2022. Picture taken with a drone.  Bing Guan | Reuters Crude oil futures fell slightly Friday after booking

A Shell logo displayed on a sign at a gas station in Nakuru, Kenya. Sopa Images | Lightrocket | Getty Images British oil giant Shell on Thursday announced plans to moderate its near-term carbon emissions cuts, while maintaining its pledge to become a net-zero company by the middle of the century. In its latest energy

The U.S. flag is displayed at Tesoro’s Los Angeles oil refinery in Los Angeles, California Lucy Nicholson | Reuters Crude oil futures rose on Thursday, adding to the previous session’s gains as the International Energy Agency now forecasts a supply deficit for 2024. The West Texas Intermediate contract for April rose 86 cents, or 1.08%,