Environment

Haitham al-Ghais, secretary-general of the Organization of Petroleum Exporting Countries (OPEC), speaking at the Energy Asia Summit on June 26, 2023. Bloomberg | Bloomberg | Getty Images LONDON — The recent spate of countries postponing or adjusting their climate targets shows that some of the initial pledges were ‘overzealous,’ the head of the OPEC group

The planned transition toward renewables is still in focus for the energy industry, and technology such as hydropower, solar, biofuels and many others remain key as the world seeks to move away from a carbon-intensive system. But it’s an endeavor that requires not just the right technological capabilities, but a hefty amount of capital too,

boonchai wedmakawand | Moment | Getty Images Supply cuts from heavyweight crude producers have helped drive oil prices near $100 per barrel — fueling some to consider the potential for future demand destruction. Brent crude futures rose 63 cents per barrel from the Thursday settlement to $96.01 per barrel on Friday at 11 a.m. London

The RN-Tuapsinsky refinery operated by Rosneft Oil Co. in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images Oil prices surged to their highest level in over a year during Asian trading hours, after crude stocks at a key storage hub fell to their lowest since July last year. Crude inventories in Cushing, Oklahoma fell

The Demerara River in Guyana, South America. Arterra | Universal Images Group | Getty Images The world’s fastest growing economy may be on track to grow by more than 100% by 2028, largely fueled by profits from its oil production and export sector, according to one analysis. Guyana, a country in South America with a

From February 5, 2023, the European Union will no longer purchase petroleum products such as diesel, gasoline or lubricants from Russia. Picture Alliance | Picture Alliance | Getty Images Russia imposed an indefinite ban on the export of diesel and gasoline to most countries, a move that risks disrupting fuel supplies ahead of winter and

Aerial view of the China Petroleum & Chemical Corp. (Sinopec) Jiujiang oil refinery. Vcg | Visual China Group | Getty Images China’s demand for oil could peak by the end of the decade — and with its economic recovery still in limbo, can global oil markets continue to rely on China? “For 20 years, the

Gas prices are displayed at an Exxon gas station on July 05, 2022 in San Francisco, California. Justin Sullivan | Getty Images The state of California on Friday filed one of the most significant cases against major oil companies for their role in perpetuating climate change. The 135-page legal complaint, filed through the office of

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

Oil prices are hovering around 10-month highs, as a stout summer rally extends into the fall and delivers additional gains for the Club’s energy stocks, Pioneer Natural Resources (PXD) and Coterra Energy (CTRA). And Jim Cramer believes it’s not too late to buy either of them. West Texas Intermediate crude, the U.S. oil benchmark, has

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

Oil storage tanks in Tuapse, Russia, on Sunday, March 22, 2020. India’s imports of Russian crude is a win-win situation for the world’s economy, said Oil and Natural Gas Corporation. Bloomberg | Bloomberg | Getty Images SINGAPORE — India’s imports of Russian crude is a win-win situation for the world economy, according to India’s No.

Germany is once again the “sick man of Europe,” according to Hans-Werner Sinn, president emeritus at the Ifo institute, and the challenges that poses, particularly in terms of the country’s energy strategy, could serve to benefit increasingly popular right-wing parties. The “sick man of Europe” moniker has resurfaced in recent weeks as manufacturing output continues

Sultan Al Jaber, chief executive of the UAE’s Abu Dhabi National Oil Company (ADNOC) and president of this year’s COP28 climate summit gestures during an interview as part of the 7th Ministerial on Climate Action (MoCA) in Brussels on July 13, 2023. Francois Walschaerts | Afp | Getty Images UAE oil giant ADNOC — run

In this article ABB.N-CH Follow your favorite stocksCREATE FREE ACCOUNT The CEO of Swedish-Swiss multinational robotics firm ABB said he has been “disappointed” by the state of the Chinese market, adding he expects conditions will prove challenging for the rest of the year. “China is not really developing as we hoped in the beginning of

German automaker BMW on Saturday launched a hotly anticipated electric concept car, saying the so-called “Vision Neue Klasse” represents the dawn of a new era for the company. BMW’s latest design showcases a platform that will underpin the brand’s next generation of electric vehicles. The first electric vehicles based on the Neue Klasse — or new

In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT A screenshot of Project Sunroof shows the map data offered by the pilot project, which is meant to help consumers plan solar installations for their homes. Screenshot Google is planning to license new sets of mapping data to a range of companies to use as

India isn’t overly dependent on anyone for oil — not even Russia, India’s Minister of Petroleum and Natural Gas told CNBC, adding that his country has diversified its sources. “India doesn’t get over dependent on anyone,” Hardeep Singh Puri told CNBC’s Tanvir Gill when asked if his country was too dependent on the Kremlin. Since

The Hywind Tampen project is located in waters off the Norwegian coast. Ole Berg-rusten | AFP | Getty Images A facility described as “the world’s largest floating offshore wind farm” was officially opened by Crown Prince Haakon of Norway on Wednesday, marking the culmination of a major renewable energy project years in the making. Located

We’re selling 200 shares of Halliburton (HAL) at roughly $40.64 each Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 1,400 shares of HAL, decreasing its weighting to 1.97% from 2.24%. Technology stocks and the so-called Magnificent Seven may get all the attention in the market, but you might be surprised to know that the