Environment

A Petroleos de Venezuela SA oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela, on Friday, Nov. 17, 2023. Gaby Oraa | Bloomberg | Getty Images The International Energy Agency on Thursday said evidence of softening global oil demand is mounting and a slowdown is expected to continue into 2024, reaffirming a starkly different

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. Dronebase | Reuters U.S. crude oil on Tuesday dropped 4% as inflation data stoked anxiety among traders that the Federal Reserve may not be ready to ease up on interest rates. The West

In this article SCHW XOM Follow your favorite stocksCREATE FREE ACCOUNT An Exxon Mobil gas station in Las Vegas on July 25, 2023. Bridgett Bennett | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need

In this article SCHW XOM Follow your favorite stocksCREATE FREE ACCOUNT Gas prices are seen at a Chevron gas station in Los Angeles on September 28, 2023.  Robyn Beck | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed

In this article BLK Follow your favorite stocksCREATE FREE ACCOUNT Wind turbine blades rotate in the tidal flat in Yancheng city, Jiangsu province, China, November 18, 2023. Nurphoto | Nurphoto | Getty Images Top global asset managers including BlackRock are among investors in an Asia-focused infrastructure private equity fund that raised $800 million, underscoring growing

The top 10 things to watch Monday, Dec. 11 1. U.S. stocks are muted Monday following last week’s push to a new 52-week high in the S & P 500 , helped by a stronger-than-expected jobs report Friday. Good economic news is good news for the stock market, for now, with investors looking ahead to

Pavlo Gonchar | LightRocket | Getty Images Occidental Petroleum has agreed to buy CrownRock, a major privately held energy producer that operates in the Permian Basin, for $12 billion. The deal is latest in a spate of consolidation in the U.S .energy sector, particularly in the Permian, the largest oil-producing region in the U.S. CrownRock

Darren Woods, chairman and chief executive officer of Exxon Mobil Corp., Brendan McDermid | Reuters Exxon Mobil said Wednesday its expects earnings to more than double through 2027 relative to 2019 as the energy giant moves forward with a slew of cost-cutting measures. Exxon said it’s on track to grow its earnings and cash flow

Gas prices at a Shell gas station in Washington, DC, US, on Tuesday, Nov. 28, 2023. Al Drago | Bloomberg | Getty Images U.S. crude declined nearly 4% on Wednesday with retail gasoline prices hitting the lowest point since January ahead of the holiday shopping and travel season. The West Texas Intermediate contract for January

In this article WDS-AU Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg/Contributor | Bloomberg | Getty Images Shares of Australia’s Santos jumped to a five-week high on Friday on news the company is in talks to merge with Woodside Energy. Santos and Woodside Energy, two of Australia’s largest oil and gas producers, have opened talks to

In this article PXD XOM Follow your favorite stocksCREATE FREE ACCOUNT Darren Wood, CEO of Exxon Mobil, speaking on CNBC’s Squawk on the Street on Dec. 7th, 2023.  CNBC Exxon Mobil CEO Darren Woods on Thursday dismissed worries that the Federal Trade Commission could hold up the oil giant’s pending acquisition of Pioneer Natural Resources.

We’re buying 350 shares of Coterra Energy (CTRA) at roughly $24.77 each. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 2,300 shares of CTRA, increasing its weighting to 1.96% from 1.66%. Energy stocks were getting hit Wednesday as U.S. oil prices fell below $70 per barrel for the first time since early July. But

U.S. crude prices continued to fall Wednesday, settling below $70 per barrel for the first time since early July and at their lowest levels since June. That’s good news for the Federal Reserve in its battle against inflation. While the impact on oil and natural gas stocks has not been as cheery, companies across many

China’s current emissions reduction targets are not as strong as they need to be, U.S. Deputy Secretary for Energy David Turk said Monday. “I think every country needs to take a look at what it’s doing, especially in its implementation phase,” Turk told CNBC’s Steve Sedgwick at the COP28 summit. “I’ve looked at the numbers for

DUBAI, United Arab Emirates —The chief executive of UAE-based energy firm Crescent Petroleum on Tuesday claimed that blaming the oil and gas industry for the climate crisis “is like blaming farmers for obesity.” His comments come at the mid-point of the U.N.’s biggest and most important annual climate conference, with many at the COP28 talks

A man wearing a thawb walks past flags of nations participating in the UNFCCC COP28 Climate Conference the day before its official opening on November 29, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images News | Getty Images DUBAI, United Arab Emirates — Nearly 2,500 fossil fuel lobbyists are estimated to have

U.S. Special Presidential Envoy for Climate John Kerry participates in an event on women’s role in building a climate-resilient world, at COP28 World Climate Summit, in Dubai, United Arab Emirates, December 4, 2023.  Amr Alfiky | Reuters The United States and more than 20 other countries plan to triple nuclear power by 2050 to achieve

Sultan al-Jaber, president of the UNFCCC COP28 climate conference, speaks during day two of the summit on Dec. 2, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images News | Getty Images Dubai, UNITED ARAB EMIRATES — A fight over the future of fossil fuels has been thrust into the global spotlight at

On Sept. 27, 2023, the President of Brazil, Luiz Inacio Lula da Silva, will take part in a ceremony at the Planalto Palace to sign the concession contracts resulting from the 1st Transmission Auction of 2023. Nurphoto | Nurphoto | Getty Images Brazil will join the influential OPEC+ oil coalition that unites some of the

Dubai, UNITED ARAB EMIRATES — Exxon Mobil CEO Darren Woods on Saturday said the “problem statement” that countries need to focus on at the COP28 climate summit is reducing emissions, in contrast to calls for a collective commitment to phase out all fossil fuels. For many at the summit, which is being held in the