Environment

Pressuring oil companies through higher taxes is counterproductive at a time when global crude demand is set to outstrip supply, the CEO of Saudi Aramco, the world’s largest and most profitable energy company, said during the World Economic Forum in Davos, Switzerland. Asked by CNBC’s Hadley Gamble if a windfall tax on oil profits is

Hungary’s foreign minister strongly criticized the European Union’s sanctions against Russia, arguing they have damaged its members’ economies more than their target’s as well as failing to stop the war in Ukraine. “If we make an assessment, an analysis, about the impact of sanctions, it’s obvious that they have not fulfilled expectations,” Péter Szijjártó told

Qatar’s Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani speaks during a joint press conference with his French counterpart in Doha on March 28, 2022. Mustafa Abumunes | Afp | Getty Images Qatari Foreign Minister Mohammed al-Thani on Tuesday appeared to correct a controversial statement that his fellow minister made over the weekend concerning

Spanish Prime Minister Pedro Sanchez. Anadolu Agency | Anadolu Agency | Getty Images DAVOS, Switzerland — Spanish Prime Minister Pedro Sanchez told CNBC Monday that the European Union has something to learn from Washington and its new policies to fight inflation, saying he hopes that a trade war between the two sides can be avoided.

On Friday, Russian energy supplier Gazprom said it would not resume its supply of natural gas to Germany through the key Nord Stream 1 pipeline, blaming a malfunctioning turbine. Hannibal Hanschke | Reuters The European Union’s rejection of Russian energy commodities following Moscow’s invasion of Ukraine won’t last forever, Qatar’s Energy Minister said during an

We’re selling 375 shares of Halliburton (HAL) at roughly $42.62 each. Following Thursday’s trade, Jim Cramer’s Charitable Trust will own 2,000 shares of HAL, decreasing its weighting in the portfolio to about 2.96% from about 3.5%. Shares of North American-focused oilfield services company Halliburton are rallying — up roughly 4% to their highest levels since

Look back on the best-performing stocks in a given year and you’re likely to see a mixed bag: some mainstays, some breakouts and maybe even a meme stock or two. Not so in 2022. Each of the 10 top-performing stocks in the S&P 500 index belonged to the same sector: energy. In a year in

In this article GOEV FFIE RIDE RIVN FSR LCID TSLA Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk past the Tesla Motors official authorized car dealer store in Hong Kong. Sopa Images | Lightrocket | Getty Images Is the first electric-vehicle recession here, or coming soon? As electric-car stocks plummeted in late 2022, the rout

Natural gas prices jumped Thursday following a multiweek swoon, providing a lift to shares of Club holding Coterra Energy (CTRA), which lately has relied on the commodity for more than half its operating revenues. U.S. natural gas prices rose nearly 4% Thursday to roughly $3.81 per million British thermal units (MMBtu). Coterra shares climbed nearly

The Group of Seven’s oil price cap scheme intended to limit Russian oil export revenues is working “so far so good,” according to Amos Hochstein, special presidential coordinator to President Joe Biden. “As oil prices have come down, there’s no doubt that the price cap has, so far, and there’s a long way to go,

In this article INR-AU Follow your favorite stocksCREATE FREE ACCOUNT Lithium company Ioneer said Friday that it’s secured a conditional commitment for a loan of up to $700 million from the Department of Energy as the U.S. seeks to develop new supply chains for materials that are critical to the energy transition. Ioneer is developing

In this article XOM Follow your favorite stocksCREATE FREE ACCOUNT Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images Three academics from Harvard and the University of Potsdam in Germany published a study in the journal Science on Thursday providing evidence that Exxon Mobil,

Wind turbine blades photographed at a facility in China’s Hebei Province on July 15, 2022. The world’s second largest economy is a major force in technologies crucial to the planned energy transition. VCG | Visual China Group | Getty Images The world is moving into “a new age of clean technology manufacturing” that could be

A bagpipe player and a belly dancer on stilts, participants in the “Burning Man” festival, cross a section of the Black Rock Desert in Nevada. Mike Nelson | AFP | Getty Images Organizers of the art and cultural festival Burning Man and several environmental groups have filed a lawsuit against the U.S. Bureau of Land Management (BLM)

A customer hands over an Egyptian pound banknote for a purchase at Al-Monira food market in the Imbaba district of Giza, Egypt, in January 2023. Egypt is one of many countries where consumers are struggling with sharply higher prices, highlighted by the World Economic Forum as the greatest global risk in 2023. Bloomberg | Bloomberg

The logo of Shell on an oil storage silo, beyond railway tanker wagons at the company’s Pernis refinery in Rotterdam, Netherlands, on Sunday, Oct. 23, 2022. Bloomberg | Bloomberg | Getty Images Oil and gas major Shell said Friday it expects to take a $2 billion hit for the fourth quarter as a result of

We’re growing increasingly worried about some richly valued companies in our portfolio, including the likes of Nvidia (NVDA) and Microsoft (MSFT). Expensive stocks remain out of favor on Wall Street — just as they had been for much of last year — and there could be more room for them to fall as recession fears

It’s been a tough start to 2023 for shareholders of Linde (LIN). The industrial gas giant was a relative winner in 2022 with its stock declining roughly 5% compared to the S & P 500 ‘s drop of around 19.4%. But the new year has not been so kind with three straight down sessions, including

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 Wednesday’s key moments. Stay bullish on oil Look for a dip to buy MS Watch for a pullback in cloud stocks 1. Stay bullish on oil despite the slide Oil prices continued to

We’re buying 25 shares of Pioneer Natural Resources (PXD) at roughly $223 each. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 175 shares of PXD, increasing its weighting in the portfolio to 1.39% from 1.2%. The price of a barrel of West Texas Intermediate crude was moving sharply lower Wednesday, down more than 4%