Environment

“Now more than ever, it’s vital that we bolster our energy security,” U.K. Prime Minister Rishi Sunak said Monday. Christopher Ames | E+ | Getty Images The U.K. government on Monday provoked outrage from environmental groups after it confirmed plans to grant hundreds of new oil and gas licenses for the North Sea. According to

General view of the Shell logo. Picture Alliance | Picture Alliance | Getty Images LONDON — British oil giant Shell on Thursday reported a sharp year-on-year drop in second-quarter profit, citing lower fossil fuel prices and refining margins. Shell posted adjusted earnings of $5.1 billion for the three-month period through to the end of June,

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman speaks during the 8th OPEC International Seminar in Vienna, Austria, July 5, 2023. Xinhua News Agency | Xinhua News Agency | Getty Images An influential oil producers’ alliance could collapse if unity dissolves around output policy, according to the managing partner of investing group Clean Energy Transition.

A long-awaited rally in crude oil prices has helped the Club’s three oil-and-gas companies become some of our top-performing stocks over the past month. And with new signs the commodity could continue to rally this year, we’re sitting tight on our energy holdings. Brent crude, the global oil benchmark, and West Texas Intermediate crude, the

In this article MBG-DE Follow your favorite stocksCREATE FREE ACCOUNT A Mercedes-Benz EQA photographed in Berlin on Jan. 20, 2021. Sean Gallup | Getty Images News | Getty Images The shift to zero-emission mobility should be viewed as a marathon not a sprint, according to the CEO of Germany’s Mercedes-Benz. Speaking to “Squawk Box Europe,”

A worker at First Solar in Perrysburg, Ohio July 8, 2022. Megan Jelinger | Reuters First Solar, the nation’s largest solar panel manufacturer, announced Thursday that it will build its fifth U.S. factory as the Inflation Reduction Act spurs a domestic manufacturing boom. The company said it will invest as much as $1.1 billion in

Freight trains loaded with coal in China on Jan. 12, 2022. According to the IEA, coal consumption hit a record high last year. Huang Shipeng | Visual China Group | Getty Images Coal consumption increased by 3.3% to hit a fresh record high of 8.3 billion metric tons in 2022, the International Energy Agency said

In this article GSBD GS Follow your favorite stocksCREATE FREE ACCOUNT Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., at night in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images Goldman Sachs expects record demand in oil markets to drive crude prices higher in the near term. “We expect

In this article ARKK UNH NVDA GS Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange during afternoon trading on July 18, 2023 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new,

In this article PACW V MSFT GOOGL Follow your favorite stocksCREATE FREE ACCOUNT People walk near the New York Stock Exchange on July 18, 2023 in New York City View Press | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors

A view of decaying FSO Safer oil tanker anchored 60 kilometers (37 miles) north of the port of Hudaydah, Yemen on July 15, 2023. Anadolu Agency | Anadolu Agency | Getty Images The UN has begun a 19-day operation to extract oil from a 47-year-old decaying supertanker as it seeks to end a race against

Nuclear energy has never been part of Australia’s energy mix as it has abundant renewables, according to Australia’s minister for climate change and energy.  “I’m not here to tell other countries what to do. Nuclear plays a role in various countries’ mix, but in Australia, it never has,” Chris Bowen told CNBC on the sidelines

My top 10 things to watch Monday, July 24 1. Chevron (CVX) on Sunday announced excellent preliminary second-quarter results , while extending the contract of CEO Mike Wirth. The United States’ second-largest oil firm in May announced an agreement to expand its shale operations by acquiring PDC Energy (PDCE) in a deal valued at $7.6

In this article ARKK UNH NVDA GS Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange during afternoon trading on July 18, 2023 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new,

Oil prices are expected to increase in the second half of 2023, according to the International Energy Forum. Christopher Furlong | Getty Images News | Getty Images Oil prices are set to rise in the second half of the year as supply struggles to meet demand, according to the Secretary General of the International Energy

Volatility is still weighing on oil markets, U.S. Energy Secretary Jennifer Granholm said Saturday, reiterating calls for additional supplies. Asked to comment on the state of oil markets, she told CNBC’s Sri Jegarajah that “there’s no doubt that there is a volatile environment, and … there’s plenty of indebtedness” — a situation that the White

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. Big Tech keeps getting price target hikes Watch for earnings from three Club names Not all semis are liked as much as Nvidia 1. Big Tech gets price target hikes

In this article 8JO0-FF TSLA Follow your favorite stocksCREATE FREE ACCOUNT Volvo Cars CEO Jim Rowan photographed in Nov. 2022. The company wants every car it sells to be fully electric by the year 2030. Anders Wiklund | AFP | Getty Images Volvo Cars does not plan to use autonomous driving technology from Tesla and

A number of Club stocks that were unloved on Wall Street earlier in the year have seen their fortunes rebound in recent months, including oilfield-services firm Halliburton (HAL) and industrial Caterpillar (CAT) — creating potential opportunities to lock in gains. It’s been the year of technology on Wall Street. But, as Jim Cramer said Wednesday

“The question of how to create sustainable air travel has plagued the green movement for decades,” said Dale Vince, founder of British energy firm Ecotricity. Ryan Hiscott | Getty Images Sport | Getty Images British entrepreneur Dale Vince on Monday announced plans to launch an electric airline that will be powered using renewable energy —