Environment

Naftogaz CEO Yuriy Vitrenko says OPEC is on the wrong side of history in choosing to stick with Russia. Future Publishing | Future Publishing | Getty Images The chief executive of Ukrainian state energy giant Naftogaz says oil producer group OPEC is on the wrong side of history in choosing to stick with Russia to

The current oil crisis isn’t like previous ones — and consumers will have to bear the brunt of it even as they grapple with rising inflation, Angela Wilkinson from the World Energy Council told CNBC. “I think this is a first global energy shock, this isn’t the same as the 1970s crisis, oil shock crisis.

A wind turbine and coal in Lower Saxony, Germany. The EU’s desire to wean itself off Russian hydrocarbons means it will need to find fossil fuels from other parts of the world to plug supply gaps. Mia Bucher | Picture Alliance | Getty Images The European Commission has fleshed out details of a plan to

A group of Ukrainian women demonstrate to call for further action against Russia near the headquarters of the EU Commission in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images LONDON — Reflecting on energy markets just over one month into Russia’s onslaught in Ukraine, Saudi Arabia’s top energy official said: “Look at

Tesla’s Model 3 at the Tesla store in Washington, D.C. Salwan Georges | The Washington Post | Getty Images Automakers from Tesla to Rivian to Cadillac are hiking prices on their electric vehicles amid changing market conditions and rising commodity costs, specifically for key materials needed for EV batteries. Battery prices have been declining for

In this article .FKRX300 VOW3-DE BMW-DE 7203.T-JP RNO-FR Details of Renault’s Scénic Vision concept car were presented to the public on May 19, 2022. The firm’s idea of developing a passenger vehicle that uses hydrogen technology is not unique. Benjamin Girette | Bloomberg | Getty Images Renault has released details of an electric-hydrogen hybrid concept

A drilling rig at a gas processing facility, operated by Gazprom. Maxim Shemetov | Reuters Russia may have just made its first retaliatory move against Finland after lawmakers in Helsinki officially applied to join the military alliance NATO. Gasum, Finland’s state-owned gas wholesaler, said in a statement Friday morning that natural gas imports from Russia

In this article @RB.1 @CL.1 A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as large billboards announce that gas now

In this article RDFN Americans moved around a lot over the past two years, and those destinations also now happen to have the highest inflation rates in the U.S. “We saw right away that inflation was highest in Phoenix and lowest in San Francisco,” Redfin deputy chief economist Taylor Marr told CNBC. The relationship between

Byron, UNITED STATES: The Exelon Byron Nuclear Generating Stations running at full capacity 14 May, 2007, in Byron, Illinois. (Photo credit should read JEFF HAYNES/AFP via Getty Images) JEFF HAYNES | AFP | Getty Images Nuclear energy pays in times of energy price fluctuations. In September, Illinois lawmakers passed a watershed clean energy law which

A customer pays for his fruit and vegetables with a ten pound sterling note, at a trader’s market stall in London on May 12, 2022. – Britain’s economy shrank in March on fallout from soaring inflation, increasing the prospect of the country falling into recession. Official first-quarter data on Thursday showed that following solid output

Workers operate a drilling rig for an EBR Energy LP natural gas well near Columbus, Texas. Scott Dalton | Bloomberg | Getty Images U.S. natural gas prices more than doubled since the start of the year, and this summer’s air conditioning season could send them soaring by at least another 25%. In the futures market,

In this article BAB-GB An image of the £4.6 million FastBlade facility. Scotland has a long association with North Sea oil and gas production, but in recent years it’s also become a hub for companies and projects focused on tidal power and marine energy in general. Jeff J Mitchell | Getty Images News | Getty

In this article VOW3-DE As Volkswagen looks to resurrect the Scout brand in the United States, CEO Herbert Diess has shed light on the decision, saying it represents an opportunity for the German auto giant to “become much more American.”  VW announced plans to re-launch the Scout as a fully-electric pick-up and “rugged” SUV last

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO. The Saudi Arabian behemoth said net income rose 82% to

President of El Salvador, Nayib Bukele, gestures during his speech at the closing ceremony of the Latin Bitcoin conference (LaBitConf) at Mizata Beach, El Salvador, where he announced “Bitcoin City”, on November 20, 2021. Marvin Recinos | AFP | Getty Images El Salvador just added another $15.5 million worth of bitcoin to its balance sheet,

The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Gasoline prices surged to the highest level on record Tuesday as oil holds steady above $100 a barrel, contributing to inflationary pressures across the

A shopper at a San Francisco grocery store on May 2, 2022. David Paul Morris | Bloomberg | Getty Images Inflation is a growing concern as Americans spend hundreds more every month. But some retirees may avoid the sting of price hikes for gasoline, groceries and other costs.   Annual inflation rose by 8.3% in April,

Members of the environmental group Just Stop Oil blockade a BP petrol station in London on April 28, 2022. The activist group is calling for the U.K. government to commit to halting new fossil fuel licensing and production. Kristian Buus | In Pictures | Getty Images LONDON — Some of the world’s largest corporate emitters

A gas station is seen as the average price of gasoline reach all-time high at $4.37 per gallon (about 3.8 liters) in Virginia, USA on May 10, 2022. It’s claimed that gasoline prices vary by region. Yasin Ozturk | Anadolu Agency | Getty Images Retail diesel and gasoline prices climbed to another record high Thursday,