Environment

G-7 nations have so far decided not to revise their cap on Russian oil. Anton Petrus | Moment | Getty Images The Group of Seven advanced economies is not expected to update its price cap on Russian oil in the coming weeks amid contrasting views on whether the policy is truly denting the Kremlin’s revenues.

In its latest monthly oil market report, the IEA said the energy alliance’s self-described “precautionary move” was likely to spell bad news for consumers at a time of heightened economic uncertainty. Hussein Faleh | Afp | Getty Images The International Energy Agency on Friday warned surprise oil output cuts from the OPEC+ producer group risk

Swimming pools and the irrigation of gardens require significant amounts of water. Tom Merton | Ojo Images | Getty Images The unsustainable consumption of the rich — including the use of swimming pools, garden irrigation and washing cars — is a key driver of urban water crises, according to a new study that calls for

Bob Lee, the chief product officer at MobileCoin, who was killed Apr. 4, 2023. Source: MobileCoin San Francisco supervisor Aaron Peskin tells CNBC that an arrest has been made in the April 4 fatal stabbing of Cash App founder Bob Lee. Earlier on Thursday, local San Francisco news outlet Mission Local reported that police went

Solar was the fastest-growing source of electricity for the 18th consecutive year, the report said, rising by 24% year-on-year and adding enough power to meet the annual electricity demand of South Africa. Future Publishing | Future Publishing | Getty Images Record growth in wind and solar last year pushed worldwide electricity generation to its cleanest-ever

South_agency | E+ | Getty Images Inflation continued to retreat in March as energy prices pulled back from a year ago, when they began to spike due to Russia’s invasion of Ukraine. But swings in gasoline and other energy mask price pressures that, while easing, remain under the surface, economists said. “It’s improving and the economy

My top 10 things to watch Tuesday, April 11 1. Truist Bank downgraded natural gas producer EQT Corporation (EQT) to hold from buy, while lowering its price target to $28 per share, from $41, on “potentially lower volumes.” Meanwhile, the bank raised its price target on Club holding Coterra Energy (CTRA) to $29 per share,

Pioneer Natural Resources (PXD) is an oil stock worth owning on its own merits. But a fresh report that Exxon Mobil (XOM) could acquire the Club holding would likely unlock even more value. Exxon has held “informal” talks about buying Pioneer, The Wall Street Journal reported Friday, citing people familiar with the matter. Any potential

A Tesla Megapack in Moss Landing, California Andrew Evers | CNBC Tesla will open a new Megafactory in Shanghai, China, that is capable of producing 10,000 Megapacks a year, the company announced in a tweet Sunday. A Megapack is a very large battery that stores energy, helps stabilize the power grid and prevents outages. These

Higher oil prices will challenge regional governments to make “tough decisions” on inflation, said Albert Park, chief economist at the Asian Development Bank. Most Asian economies are importers of oil, like Indonesia and those in central Asia, said Park. As a result, the latest sudden OPEC+ oil production cut could lead to a spike in

US President Joe Biden speaks at the 2022 North American International Auto Show in Detroit, Michigan, on September 14, 2022. Mandel Ngan | AFP | Getty Images The Environmental Protection Agency is preparing to announce significant limits on tailpipe emissions this week that would require as much as 67% of new vehicles sold in the

U.S. Energy Secretary Jennifer Granholm speaks to reporters during a press briefing at the White House in Washington, June 22, 2022. Kevin Lamarque | Reuters The Biden administration is channeling hundreds of millions of dollars from recent legislation into its efforts to turn coal communities into clean energy hubs, the White House said Tuesday. The

Wall Street can — and will — turn against stocks the Club holds in high regard. In some cases, our move is to run toward the wreckage, not away from it. “I want to be greedy on the downside. I want to be giving on the upside,” Jim Cramer said on Tuesday’s edition of the

Despite an unexpected banking crisis that had reverberations across markets and the broader global economy, equities ended the first quarter of the year on a positive note last Friday. But the first week of trading of the second quarter got off to a rocky start, forcing us to recalibrate our approach to the market. For

The Esso Fawley Oil Refinery, operated by Exxon Mobil, stands in Fawley, U.K., on Thursday, May 14, 2020. Luke MacGregor | Bloomberg | Getty Images The surprise output cut by OPEC and its allies sent oil prices rallying — and analysts say major oil importers like India, Japan and South Korea will feel the most

Ethereum underwent a huge network upgrade called the merge which proponents say will make transactions much more energy efficient. Following the merge, ether prices have dropped following a huge run up ahead of the event. Jakub Porzycki | Nurphoto | Getty Images Ether has spiked this week to a nine-month high, ahead of a major

Electric vehicles will play a critical role in slashing transport-related emissions in the years ahead. Momentum behind the industry is building, with a number of big economies gearing up for the mass rollout of EVs and sales of electric cars hitting 6.6 million in 2021, a record, according to the International Energy Agency. Not all countries will move

A saucepan of boiling water sits on an induction hob in a kitchen. Picture Alliance | Picture Alliance | Getty Images As energy efficiency goals and financial incentives proliferate, more consumers are warming up to the benefits of induction cooking. Induction is not a new technology, but U.S. consumers, unlike their European counterparts, have been

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. Stocks fall Trades in an overbought market Gen-Z still spending 1. Stocks fall U.S. equities were mainly lower Tuesday in late morning trading, despite data from the U.S. Labor Department

Crude prices and oil stocks jumped Monday after OPEC+ members announced a surprise production cut, giving investors an opportunity to pare back their energy exposure. Indeed, the Club would’ve exited our Devon Energy (DVN) position Monday if not for restrictions that prevent us from trading the stock. Saudi Arabia and fellow members of the Organization