Environment

A man in Tehran holds a local newspaper reporting on its front page the China-brokered deal between Iran and Saudi Arabia to restore ties, signed in Beijing the previous day, on March, 11 2023. Atta Kenare | Afp | Getty Images DUBAI, United Arab Emirates — When arch-rivals Saudi Arabia and Iran announced they were

In this article @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT Oil production in Azerbaijan Vostok | Getty Images Oil prices fell sharply Wednesday, as traders feared a brewing banking crisis could dent global economic growth. West Texas Intermediate futures fell more than 5% to settle at $67.61 per barrel, reaching its lowest level since December

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% to under $67 per barrel — seems overdone in an energy market that remains structurally undersupplied. However, we’re not ready to step in right here

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 | Picture Alliance | Getty Images The International Energy Agency on Wednesday said Russia’s oil export revenues fell sharply in February, prompted by bans and price

Wall Street mounted a relief rally Tuesday, following three straight sessions dominated by the woes of now-collapsed Silicon Valley Bank. Confronted with the ensuing spike in market volatility, we sought to be discerning with our Club portfolio and, eventually, opportunistic in stocks that we felt unreasonably sank. The S & P 500 climbed roughly 1%

Climate activists gather to protest with demanding President Biden stop the Willow Project by unfurling a banner on the Lafayette Square in front of the White House on January 10, 2023 in Washington D.C. Celal Gunes | Anadolu Agency | Getty Images The Biden administration approved a major and controversial oil drilling plan in Alaska,

The River Mersey is one of Europe’s most iconic waterways. On top of being a major hub for shipbuilding and industry, it’s been a source of inspiration for a host of writers, artists and musicians over the years. If all goes to plan, the Mersey could also play a major role in the U.K.’s sustainable

Nikolas Kokovlis | Nurphoto | Getty Images Silicon Valley Bank’s historic meltdown last week was largely attributed to deteriorating business conditions in the firm’s concentrated customer base and an ill-timed decision to invest billions of dollars in mortgage-backed securities. But long-time clients and others with intimate knowledge of how SVB operated say the bank did

The Aramco logo is displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Saudi Arabia’s state-controlled oil giant Aramco on Sunday reported a record net income of $161.1 billion for 2022 — the largest annual profit ever achieved by an oil and gas company. Aramco said net income increased 46.5 percent over

In this article GPJA Follow your favorite stocksCREATE FREE ACCOUNT Vogtle nuclear reactor 3 Source: Georgia Power For the first time in almost seven years, a new nuclear reactor has started up in the United States. On Monday, Georgia Power announced that the Vogtle nuclear reactor Unit 3 has started a nuclear reaction inside the

In this article CVX OXY HES PXD PBFS Follow your favorite stocksCREATE FREE ACCOUNT While oil production in the U.S. will continue its return towards pre-Covid levels, limits on refining capacity and inventory mean it will not grow as much as some hope, according to Pioneer Natural Resources CEO Scott Sheffield. “We just don’t have

A man dressed in a thawb walks past Dassault Falcon executive jets, Dubai, United Arab Emirates Leonid Faerberg | Sopa Images | Lightrocket | Getty Images The organizers of the Investopia x Salt conference in Abu Dhabi — the brainchild of American financier and one-time White House press secretary Anthony Scaramucci and Dubai ruler Sheikh

Wells Fargo (WFC) and Halliburton (HAL) headline a group of five dividend-paying Club stocks that are expected to post robust earnings growth this year. The bank and oilfield services firm jumped off the page in our latest screen of Jim Cramer’s Charitable Trust, the portfolio we use for the Club. We wanted to see which

China is recognized as the undisputable global leader in renewable energy expansion. Future Publishing | Future Publishing | Getty Images China is making rapid progress in scaling up clean energy, tentatively boosting hopes that the world’s largest carbon emitter could soon start to curb greenhouse gas pollution. A massive wave of permits for new coal-fired

In this article CVX OXY Follow your favorite stocksCREATE FREE ACCOUNT Occidental (long known as Occidental Petroleum) was the No. 1-performing stock in S&P 500 last year, but it didn’t get there by way of massive growth in oil and gas production. While fossil fuels have the tailwind of the Russia-Ukraine war resetting energy policy

The logo of the OPEC is pictured at the OPEC headquarters on October 4, 2022. Joe Klamar | Afp | Getty Images DUBAI, United Arab Emirates — International oil benchmark Brent crude dropped as much as 2.8% on Friday morning in New York on the back of a report that the United Arab Emirates is

In this article TTE-FR BP.-GB CVX SHEL-GB XOM Follow your favorite stocksCREATE FREE ACCOUNT Oil companies pulled in record profits in 2022, as oil prices skyrocketed. Revenues for the biggest integrated European and American oil companies nearly doubled during 2021. Profits soared. But that has also spurred backlash from consumer advocates and political leaders. “Oil

Here’s an update on our energy, industrials and materials names in Jim Cramer’s Charitable Trust, the portfolio we use at the CNBC Investing Club. Jim ran through all 35 of the holdings during the Club’s inaugural Annual Meeting last Saturday, an in-person event held in New York City. A video replay of the meeting is available here

One type of hydrogen production uses electrolysis, with an electric current splitting water into oxygen and hydrogen. If the electricity used in this process comes from a renewable source then some call it “green” hydrogen. Alex Kraus | Bloomberg | Getty Images In August, the White House passed a historic piece of legislation with $369

The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria. Ramzi Boudina | Reuters The United Arab Emirates does not intend to leave the influential OPEC oil alliance at this time, two senior officials with knowledge of the matter told CNBC, after