In an aerial view, oil storage tanks are shown at the Enterprise Sealy Station on August 28, 2023 in Sealy, Texas. Brandon Bell | Getty Images News | Getty Images Oil prices climbed to their highest level of the year this week, extending a rally that has put a return to $100 a barrel sharply
Environment
A part of the Trans Alaska Pipeline System runs through boreal forest past Alaska Range mountains near Delta Junction, Alaska. In March, the Biden administration approved the controversial Willow project which will extract 600 million barrels of oil from the National Petroleum Reserve on Alaska’s North Slope, close to the Arctic Ocean. Mario Tama |
My top 10 things to watch Thursday, Sept. 14 1. U.S. equities edge up in premarket trading, with investors largely betting the Federal Reserve won’t raise interest rates further when the central bank convenes next week. The S & P 500 is up 0.33%, while the Nasdaq Composite is 0.24% higher. U.S. government bond yields
In this article C NVDA AAPL AMZN CAT MMM TSLA Follow your favorite stocksCREATE FREE ACCOUNT A view of a gas station as gas prices are at the highest level from last year in Virginia, on August 16, 2023. Celal Gunes | Anadolu Agency | Getty Images This report is from today’s CNBC Daily Open,
Liquefied natural gas (LNG) storage units at Grain LNG importation terminal, operated by National Grid Plc, on the Isle of Grain on August 22, 2022 in Rochester, England. Dan Kitwood | Getty Images News | Getty Images European gas prices moved sharply higher on Friday as workers at Australian natural gas facilities went on strike,
Indian artist Jagjot Singh Rubal gives final touches to an oil painting of U.S. President Joe Biden, at his workshop in Amritsar on September 5, 2023, ahead of the two-day G20 summit in New Delhi. Narinder Nanu | Afp | Getty Images NEW DELHI — Indian Prime Minister Narendra Modi and U.S. President Joe Biden
Alexander Spatari | Moment | Getty Images LISBON, PORTUGAL — Matadors and bitcoin maximalists are regulars at Campo Pequeno, a neo-Moorish bullring in the northernmost reaches of the Portuguese capital city. The two aren’t all that different. Both are typically defiant and stubborn, engaged in a seemingly hopeless battle that pits man against beast, where
Race winner Sergio Perez of Mexico passes his team celebrating during the F1 Grand Prix of Singapore at Marina Bay Street Circuit on October 02, 2022 in Singapore Mark Thompson | Getty Images Sport | Getty Images Organizers said they will halve energy emissions from the Formula One Singapore Grand Prix by 2028. Singapore GP
A general view of flags of (From L to R) South Africa, Brazil, Russia, India and China during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg on August 24, 2023. Michele Spatari | Afp | Getty Images SINGAPORE — Sanctions imposed by the West on Russia are pushing the BRICS nations closer,
Aerial view of the LNG storage and vaporization vessel “Höegh Esperanza” at the Wilhelmshaven LNG terminal. Picture Alliance | Picture Alliance | Getty Images Energy analysts are warning of more gas market volatility and higher prices as Europe races to prepare for another winter heating season. European gas markets have been constantly fluctuating in recent
Fatih Birol, Executive Director of the International Energy Agency (IEA), poses for a photograph during an interview with AFP at the Africa Climate Summit 2023 at the Kenyatta International Convention Centre (KICC) in Nairobi on September 4, 2023. Simon Maina | Afp | Getty Images Demand for fossil fuels like oil, gas and coal will
In this article BP.-GB Follow your favorite stocksCREATE FREE ACCOUNT Bernard Looney, CEO of BP, speaks during the 2023 CERAWeek by S&P Global conference in Houston, March 7, 2023. F. Carter Smith | Bloomberg | Getty Images The chief executive of energy giant BP is set to resign after less than four years on the
Morgan Stanley’s decision Tuesday to boost its price target on XPO Logistics (XPO) to $65 a share, from $45, could signal a “new king” in the trucking-and-logistics industry, CNBC’s Jim Cramer said — even though he’s long been partial to Old Dominion (ODFL). Shares of XPO were trading down around 1% Tuesday morning, at roughly
In this article RWE-DE Follow your favorite stocksCREATE FREE ACCOUNT An aerial view shows wind turbines at RWE’s Scroby Sands Wind Farm, off the coast of Great Yarmouth, eastern England, on February 15, 2023. Daniel Leal | Afp | Getty Images LONDON — An offshore wind turbine in the North Sea caught fire Tuesday, with
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. 1. U.S. stocks rose Monday, though they’re still having a rough August. Nvidia (NVDA), which has been slumping recently, jumped about 5.5% to start the week. Morgan Stanley reiterated Nvidia
FTX Founder Sam Bankman-Fried leaves from Manhattan Federal Court after court appearance in New York, on June 15, 2023. Fatih Aktas | Anadolu Agency | Getty Images Sam Bankman-Fried’s legal team is asking a U.S. district court judge to grant the former FTX CEO “uninterrupted access” to his daily prescribed medication while he is in
In this article OIH SMH Follow your favorite stocksCREATE FREE ACCOUNT An oil pumpjack pulls oil from the Permian Basin oil field on March 14, 2022 in Odessa, Texas. Joe Raedle | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed
Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks The U.S. Department of Energy is investing up to $1.2 billion in giant vacuums that suck carbon out of the air in an effort to slow global warming. So-called direct air capture, or DAC, is an emerging technology that has not scaled up
The U.S. government is deploying trillions of dollars of stimulus money into infrastructure investments, boosting the prospects for a number of industrials in the Club portfolio. On the back of Covid’s impact on the economy, President Joe Biden enacted a slew of domestic funding bills in a bid to help the nation recover from labor
In this article SCHN Follow your favorite stocksCREATE FREE ACCOUNT Radius Recycling CEO Tamara Lundgren pictured at the CNBC CEO Summit in May 2023. Randy Shropshire | CNBC One of the first questions Tamara Lundgren often heard when she introduced herself as the CEO of Schnitzer Steel is, “What kind of steel do you make?'”
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