Environment

Saudi Minister of Energy Prince Abdulaziz bin Salman al-Saud arrives for the Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna on June 3, 2023. Joe Klamar | Afp | Getty Images The influential Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, on Sunday made no changes to its planned

Imaginima | E+ | Getty Images Oil prices jumped following OPEC kingpin Saudi Arabia’s decision to cut production by another million barrels per day. On Sunday, the Organization of the Petroleum Exporting Countries and its partners — collectively known as OPEC+ — made no changes to its planned oil production cuts for this year, but coalition

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. Stocks mixed Crude higher PANW downgrade 1. Stocks mixed The major U.S. stock benchmarks were mixed Monday, as the tech-heavy Nasdaq Composite climbed 0.4% while the Dow Jones Industrial Average

Turkey’s President Recep Tayyip Erdogan has named former economy chief Mehmet Simsek as his new treasury and finance minister. Source: World Economic Forum In the unveiling of his new cabinet, Turkey’s President Recep Tayyip Erdogan named former economy chief Mehmet Simsek as his new treasury and economy minister, leading to some optimism that the country

Saudi Minister of Energy Prince Abdulaziz bin Salman al-Saud arrives for the Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna on June 3, 2023 Joe Klamar | Afp | Getty Images Saudi Energy Minister Prince Abdulaziz bin Salman defended the voluntary output cuts announced by some allied oil producers in April, which he noted

In this article GM F Follow your favorite stocksCREATE FREE ACCOUNT Ford Mustang Mach-E vehicles at a Ford dealership in Colma, California, on July 22, 2022. Bloomberg | Getty Images After a home, buying a car is the most expensive purchase most consumers will ever make during their lifetime. The transition to electric vehicles by

Led by Saudi Arabia and Russia, OPEC+ agreed in early October to reduce production by 2 million barrels per day from November. Vladimir Simicek | Afp | Getty Images The OPEC+ alliance of oil producers will decide further production policy steps over the weekend, as crude prices reflect an ongoing struggle between supply-demand fundamentals and

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 OPEC reporters from three large news organizations have not been invited to the oil

Norway’s sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country’s oil and gas sector. Bloomberg | Bloomberg | Getty Images Norway’s $1.4 trillion sovereign wealth fund says it is prepared to start dropping companies for mismanaging climate risk starting next year, adding to the decarbonization pressure that activist

A slide in crude oil prices has weighed on the Club’s three energy holdings. But given the uncertainty around OPEC+’s output policy ahead of a key meeting this weekend, coupled with growing concerns over the health of the global economy, we’re sitting tight on buying the dip — at least for now. The Organization of

Lengths of pipe wait to be laid in the ground along the under-construction Mountain Valley Pipeline near Elliston, Virginia, September 29, 2019. Charles Mostoller | Reuters A bipartisan debt limit bill struck by President Joe Biden and House Republicans over the weekend would expedite approval of all permits for a West Virginia natural gas pipeline

In this article SHEL-GB Follow your favorite stocksCREATE FREE ACCOUNT Shell reported adjusted earnings of $39.9 billion for the full-year 2022. Sopa Images | Lightrocket | Getty Images LONDON — British oil giant Shell‘s annual general meeting Tuesday looks set to be an acrimonious one, with climate-focused investors seeking to ramp up pressure on the

Protesters outside the Salle Pleyel venue in Paris could be heard chanting “all we want is to knock down Total” and “one, two, three degrees, we have Total to thank.” Bloomberg | Bloomberg | Getty Images French riot police on Friday fired tear gas at hundreds of climate activists trying to prevent the annual general

Heavy electrical transmission lines at the powerful Ivanpah Solar Electric Generating System, located in California’s Mojave Desert at the base of Clark Mountain and just south of this stateline community on Interstate 15, are viewed on July 15, 2022 near Primm, Nevada. The Ivanpah system consists of three solar thermal power plants and 173,500 heliostats

Flames from a flaring pit near a well in the Bakken Oil Field. The primary component of natural gas is methane, which is odorless when it comes directly out of the gas well. In addition to methane, natural gas typically contains other hydrocarbons such as ethane, propane, butane, and pentanes. Orjan F. Ellingvag | Corbis

China has so far not acted in an aggressive manner toward shipping in the South China Sea, but the very potential of action creates a clear threat to the economies of Japan and South Korea. Kazuhiro Nogi | AFP | Getty Images The following commentary is from Kevin Klowden, chief global strategist of Milken Institute.

A satellite image showing the port of Ceyhan centred on August 18, 2015 in Turkey. Gallo Images | Gallo Images | Getty Images Turkey’s runoff election is compounding delays to restart roughly 450,000 barrels per day of Iraqi crude oil exports, as Ankara studies its relationship with Baghdad, analysts and market sources told CNBC. Oil

An airplane in the skies over France. The government there wants to cut short-haul flights in the country to reduce emissions. Alain Pitton | Nurphoto | Getty Images A French ban on domestic short-haul flights when alternative train journeys exist came into force this week, with one lawmaker hailing it as “an essential step” in

Tankers located in the waters near Ceuta, Spain are transferring crude oil from Russia to reach the Asian markets in spite of Western sanctions. Europa Press News | Europa Press | Getty Images Russia’s oil revenues rebounded in March and April to reach the highest level since November last year, according to a new report,

Abdulaziz bin Salman, Saudi Arabia’s energy minister, speaks during a panel session at the Qatar Economic Forum in Doha, Qatar on May 23, 2023. Bloomberg | Bloomberg | Getty Images Saudi oil minister Prince Abdulaziz bin Salman on Tuesday told market speculators to “watch out,” reiterating his warning that they could face pain ahead. “Speculators,