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
Environment
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,
Kocho, a food produced using enset, served with honey and red pepper sauce. Mwayout | Istock | Getty Images Earlier this year, shoppers in the U.K. faced a shortage of fresh fruit and vegetables, with some of the country’s grocery stores rationing produce like tomatoes, lettuce and peppers. The reasons behind the scarcity of ingredients
A 2019 pre-owned Nissan Leaf SV on the lot in 2022 during the chip shortage that depleted stock of new auto inventory. Boston Globe | Boston Globe | Getty Images Affordable EVs have been on sale in the U.S. well over a decade and the data analytics company Experian says about 2.2 million were on
A view of fjords as they melt due to climate change near Svalbard Islands, in the Arctic Ocean in Norway on July 19, 2022. Anadolu Agency | Anadolu Agency | Getty Images The Norwegian government is calling on energy giants to ramp up oil and gas exploration projects in remote regions like the Arctic Barents
Getty Images To avoid rising energy costs and benefit from increasing renewable energy incentives and tax breaks, more homeowners may be considering a home solar system. Last year, the growth of residential solar in the U.S. boomed. Even as overall growth of solar installations, including commercial and utility-scale projects, decreased year over year, residential solar
A Direct wafer 6 x 6 solar cell at the CubicPV facility in Bedford, MA on August 5, 2021. Boston Globe | Boston Globe | Getty Images In 1839, German scientist Gustav Rose went prospecting in the Ural Mountains and discovered a dark, shiny mineral. He named the calcium titanate “perovskite” after Russian mineralogist Lev
We’re always scanning the market, looking for opportunities to deploy capital as prices come down. With our expectation for more volatility ahead as the debt ceiling debate picks up, we’re waiting for the market to get into oversold territory before we start putting the bulk of our 10% cash position to work. Remember, when the
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