Environment

Amin Nasser, chief executive of Saudi Arabian oil giant Aramco. Adam Galica | CNBC The chief executive of Saudi Arabian oil giant Aramco on Wednesday attributed the ongoing depression of oil prices to recessionary fears and economic headwinds, painting a more optimistic landscape for demand to come. “This is in a year where there [are]

Saudi Minister of Energy Prince Abdulaziz bin Salman al-Saud speaks during a panel discussion at the 10th Arab-China Business Conference in Riyadh, on June 11, 2023. Fayez Nureldine | Afp | Getty Images The latest round of voluntary crude oil output cuts evidence the cooperation between heavyweight producers and allies Russia and Saudi Arabia, the

Technology stocks ought to take a bow. They were the standout performers in the first half of 2023, powering Wall Street — and the Club’s portfolio – higher over the first and second quarters in impressive fashion. The tech-heavy Nasdaq Composite recorded its best first half of a year since 1983, rising 32.7% through Friday’s

In this article IBE-ES ENR-DE Follow your favorite stocksCREATE FREE ACCOUNT Hydrogen storage tanks in Spain in May 2022. Hydrogen has a diverse range of applications and can be deployed in a wide range of industries. Angel Garcia | Bloomberg | Getty Images The buzz around hydrogen has gotten increasingly loud in the past few

A decision Monday by Saudi Arabia and Russia, the world’s largest oil exporters, to cut production in an effort to push up oil prices is a bullish development for the Club’s struggling energy holdings. Saudi Arabia, the de-facto head of the Organization of the Petroleum Exporting Countries, said it would extend a voluntary oil-output cut

A Siemens Gamesa blade factory on the banks of the River Humber in Hull, England on October 11, 2021. PAUL ELLIS | AFP | Getty Images Costly failures at wind turbine manufacturer Siemens Gamesa last month sent shares of parent company Siemens Energy tumbling, and analysts are concerned about wider teething problems across the industry.

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 of energy for decades to come on the back of a lagging energy transition, major industry players said at the Energy Asia conference held in

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 | AFP | Getty Images Oil prices rose on Monday after an attempted insurrection in Russia stoked fears that energy supplies would be disrupted by

KUALA LUMPUR, Malaysia — Malaysia has ambitious goals to cut its greenhouse gas emissions by 2050 — but the Southeast Asian nation cannot do it alone, said the country’s Prime Minister Anwar Ibrahim. “They expect developing countries like Malaysia to do it on our own which is not realistic,” Anwar told CNBC’s JP Ong at

Jonny Bairstow of England removes a “Just Stop Oil” pitch invader during Day One of the Ashes 2nd Test match between England and Australia at Lord’s Cricket Ground. Stu Forster | Getty Images Sport | Getty Images The first morning of the second Ashes Test at Lord’s was interrupted when Just Stop Oil protesters ran

Petronas sign against the backdrop of the Twin Towers. Goh Seng Chong | Bloomberg | Getty Images Asia needs to achieve net zero before the world can do so, according to the CEO of Malaysia’s state-owned oil and gas company Petronas. “The bulk of the emissions [that] are expected to emit will be produced in

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 Tech holdings Stick with Coterra Energy 1. No man’s land Stocks edged up Tuesday morning, as the market attempted to stage a rebound following a

Amin Nasser, the chairman and CEO of Saudi Arabia’s state-run oil giant Aramco. Jon Gambrell | AP KUALA LUMPUR, Malaysia — Saudi Arabia’s state-owned oil giant Aramco is bullish on oil markets for the rest of 2023 as demand from major importers China and India is expected to be strong despite an expected global downturn.

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 Monday’s key moments. Equities down, as energy outperforms Stick with Palo Alto Networks Watch Wells Fargo 1. Equities down, as energy outperforms Stocks edged down in midmorning trading Monday, as Wall Street entered

The logo of the OPEC is pictured at the OPEC headquarters on October 4, 2022. In October last year, the oil cartel announced its decision to cut output by two million barrels per day. Joe Klamar | Afp | Getty Images KUALA LUMPUR — Global oil demand will rise to 110 million barrels a day

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 Russwurm whether the ongoing energy situation was “bad enough” for companies to relocate, to which he responded: “It is indeed.” “A lot of family-owned companies

Imaginima | E+ | Getty Images Global oil demand growth will trickle nearly to a halt in the coming years and peak this decade, according to the International Energy Agency, with Chinese consumption set to slow down after an initial pent-up recovery.   “The shift to a clean energy economy is picking up pace, with a

Shortly after the opening bell Friday, we’ll be selling 15 shares of Linde (LIN), at roughly $376.77 each. Following the trade, Jim Cramer’s Charitable Trust will own 190 shares of Linde, decreasing its weighting in the portfolio to 2.54%, from 2.73%. We’re booking profits in industrial gas giant Linde Friday morning, consistent with our discipline

swissmediavision | E+ | Getty Images For those who hit the road to travel this summer, there is good news: Gas prices are substantially lower than they were last year. “What a difference a year makes,” said Andrew Gross, a spokesperson for AAA, the motoring and leisure travel membership organization. As of Friday, the national

Shell reported adjusted earnings of $39.9 billion for the full-year 2022. Sopa Images | Lightrocket | Getty Images British oil major Shell on Wednesday announced plans to boost returns to shareholders and keep oil output steady, as part of its strategy to simplify the group’s business and improve investor confidence. Ahead of its Capital Markets