Coal is unloaded onto large piles at the Ulan Coal mines near the central New South Wales rural town of Mudgee in Australia, March 8, 2018. David Gray | Reuters Shares of Australian coal producer Whitehaven has risen 200% this year. The share price of the Australian-listed miner has risen about 150% since the Russia-Ukraine
Environment
Japanese Prime Minister Fumio Kishida photographed during a news conference on Wednesday, Aug. 10, 2022. Rodrigo Reyes-Marin | Bloomberg | Getty Images The prime minister of Japan said Wednesday that his country would restart more idled nuclear power plants and look into the feasibility of developing next-gen reactors. Fumio Kishida’s comments, reported by Reuters, build
With natural gas prices in the U.S. and around the globe off the charts high, we’re looking at what that means for our energy stocks. Early Tuesday, U.S. natural gas surged to 14-year highs — over $10 per million British thermal units. But it turned sharply lower later and settled down about 4% at just over $9 after the expected restart
Sustainable aviation fuel, commonly called SAF, has so far been expensive to produce, but new startups are now creating clean fuels out of carbon at a much cheaper cost. Now, new tax credits for clean fuel production from the recently signed Inflation Reduction Act could propel these companies further faster. Most SAF is made out
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: Stocks slide to start trading week Oil declines after our Coterra sale alert Constellation bucks the market Another Amazon health-care move? 1. Stocks slide to start trading week All three
Tim Graham | Getty Images News | Getty Images LONDON — An expected surge in U.K. energy prices this winter is being described as a national emergency, posing at least as great a financial threat as the coronavirus pandemic. The upcoming increase in a regulator-set limit on consumer energy bills is predicted to push a
New OPEC Secretary-General Haitham Al Ghais said Wednesday that the influential producer group is not to blame for soaring inflation, pointing the finger instead at chronic underinvestment in the oil and gas industry. “OPEC is not behind this price increase,” Al Ghais told CNBC’s Hadley Gamble. “There are other factors beyond OPEC that are really
European governments are scrambling to fill underground storage with gas supplies to provide households with enough fuel to keep homes warm during winter. Picture Alliance | Picture Alliance | Getty Images Germany’s natural gas storage facilities surpassed a fill level of more than 75% this month, two weeks ahead of schedule, as Europe’s largest economy
Ukrainian Emergency Ministry rescuers attend an exercise in the city of Zaporizhzhia on August 17, 2022, in case of a possible nuclear incident at the Zaporizhzhia nuclear power plant located near the city. Dimitar Dilkoff | AFP | Getty Images Russia’s Ministry of Defense warned Thursday that if an accident occurs at the nuclear power
Inside what’s called the amplifier bay of the Texas Petawatt Laser, where the energy of a laser pulse is boosted. The green light are the pump lasers that amplify or boost the energy of the main laser. Photo courtesy Todd Ditmire As the effects of climate change become more obvious, the promise of nuclear fusion
A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images July’s consumer price index report finally showed a sign of potential relief – inflation ticked up less than expected from a year ago, and was flat on the month, meaning that a basket
A high street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned “a tsunami of fuel poverty will hit the country this winter.” Bloomberg | Bloomberg | Getty Images LONDON — Facing soaring energy bills, rising costs and rapidly declining consumer purchasing power, small businesses across the U.K.
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 Thursday’s key moments: Cisco Systems looking strong Quick takes on Bullpen: SBUX, EL Prepare to pounce on Nvidia Still a chance to buy Pioneer 1. Cisco Systems looking strong Cisco Systems (CSCO) beat
Pioneer Natural Resources (PXD) CEO Scott Sheffield said the oil company plans to continue returning most of its cash flow to shareholders, noting the “growth days of the industry are over.” That was just one of the takeaways from Sheffield’s wide-ranging interview with CNBC’s Jim Cramer on Wednesday. Sheffield, who founded Pioneer 25 years ago,
A man walks in Greenwich Park, London, on August 14, 2022. On August 17, Thames Water said a Temporary Use Ban covering London and the Thames Valley would begin next week. Dominic Lipinski | PA Images | Getty Images LONDON — Britain’s Thames Water said Wednesday that a Temporary Use Ban covering London and the
In this article BLK EQNR Wind turbines in Australia. Earlier this year, a report from Australia’s Clean Energy Council said renewables were responsible for 32.5% of the country’s electricity generation in 2021. Josh Hawley | Moment | Getty Images A fund under the management of BlackRock Real Assets is set to acquire Akaysha Energy, an
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: We want growth without inflation WMT, HD earnings beats boost retailers Quick mentions: CTRA, DIS, WFC 1. We want growth without inflation Stocks were mixed Tuesday, with tech names keeping
Ola CEO Bhavish Aggarwal appears on screen during a presentation in August 15, 2021. The company’s EV-arm, Ola Electric, plans to launch an electric car in 2024. Samyukta Lakshmi | Bloomberg | Getty Images The CEO of Ola Electric said Monday his firm would launch an all-electric vehicle that can go from 0 to 100
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. Financials win from cooling inflation Quick mentions: LIN, CRM, WYNN Disney needs to talk about more than streaming 1. Financials are big winners today Stocks rose Wednesday on the heels
Mining the Worlds Second-most-valuable Cryptocurrency at Evobits I.T SRL An engineer inspects Sapphire Technology Ltd. AMD graphics processing units (GPU) at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The worlds second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg via Getty Images Photographer: Akos
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