Environment

swissmediavision | E+ | Getty Images For those who hit the road to travel this summer, there is good news: Gas prices are substantially lower than they were last year. “What a difference a year makes,” said Andrew Gross, a spokesperson for AAA, the motoring and leisure travel membership organization. As of Friday, the national

Shell reported adjusted earnings of $39.9 billion for the full-year 2022. Sopa Images | Lightrocket | Getty Images British oil major Shell on Wednesday announced plans to boost returns to shareholders and keep oil output steady, as part of its strategy to simplify the group’s business and improve investor confidence. Ahead of its Capital Markets

U.S. President Joe Biden delivers remarks at the League of Conservation Voters annual dinner in Washington, U.S., June 14, 2023.  Jonathan Ernst | Reuters Four of the country’s largest environmental groups have endorsed President Joe Biden‘s re-election bid despite disapproval from climate activists over his administration’s support of fossil fuel plans, including the approval of

In this article SHEL-GB Follow your favorite stocksCREATE FREE ACCOUNT In this aerial view, cars line up to refuel before the price rises at a Shell station on June 14, 2022 in Wuhan, Hubei province, China. Getty Images | Getty Images News | Getty Images British energy giant Shell is boosting its oil and gas production to

Here’s a rapid-fire update on all 35 stocks in Jim Cramer’s Charitable Trust, the portfolio we use for the CNBC Investing Club. Jim ran through each name during our June Monthly Meeting on Wedensday. Apple (AAPL): After jumping more 40% year-to-date, the iPhone maker’s stock looks somewhat expensive, at over 28-times forward earnings. But that’s not

Imaginima | E+ | Getty Images Global oil demand growth will trickle nearly to a halt in the coming years and peak this decade, according to the International Energy Agency, with Chinese consumption set to slow down after an initial pent-up recovery.   “The shift to a clean energy economy is picking up pace, with a

In this article ES Follow your favorite stocksCREATE FREE ACCOUNT Saudi Arabia is seeking stronger cooperation with China on trade investments and energy flows rather than competing with the superpower, said Energy Minister Prince Abdulaziz bin Salman. “We came to recognize the reality of today that China is taking, had taken a lead, will continue

In this article GSBD Follow your favorite stocksCREATE FREE ACCOUNT The Johan Sverdrup oil field in the North Sea Carina Johansen | AFP | Getty Images Goldman Sachs analysts slashed their oil price forecast by almost 10% on the back of whey they see as increasing supply and slower demand for crude. According to a

Wind power generation and shoal aquaculture are seen at a demonstration base of coastal shoal industry in Yancheng City, East China’s Jiangsu province, May 16, 2023. (Photo credit should read Lu Hongjie / CFOTO/Future Publishing via Getty Images) Lu Hongjie | Future Publishing | Getty Images The world’s energy system is no longer “fit for

Shell, which is aiming to become a net-zero emissions business by 2050, said it was concerned by what it described as a “short-sighted” decision. Mike Kemp | In Pictures | Getty Images Britain’s advertising regulator has banned an ad campaign promoting the green initiatives of Shell, saying the marketing of the oil giant’s lower emissions

Saudi Minister of Energy Prince Abdulaziz bin Salman al-Saud arrives for the Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna on June 3, 2023. Joe Klamar | Afp | Getty Images The influential Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, on Sunday made no changes to its planned

Imaginima | E+ | Getty Images Oil prices jumped following OPEC kingpin Saudi Arabia’s decision to cut production by another million barrels per day. On Sunday, the Organization of the Petroleum Exporting Countries and its partners — collectively known as OPEC+ — made no changes to its planned oil production cuts for this year, but coalition

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 mixed Crude higher PANW downgrade 1. Stocks mixed The major U.S. stock benchmarks were mixed Monday, as the tech-heavy Nasdaq Composite climbed 0.4% while the Dow Jones Industrial Average

Turkey’s President Recep Tayyip Erdogan has named former economy chief Mehmet Simsek as his new treasury and finance minister. Source: World Economic Forum In the unveiling of his new cabinet, Turkey’s President Recep Tayyip Erdogan named former economy chief Mehmet Simsek as his new treasury and economy minister, leading to some optimism that the country

Saudi Minister of Energy Prince Abdulaziz bin Salman al-Saud arrives for the Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna on June 3, 2023 Joe Klamar | Afp | Getty Images Saudi Energy Minister Prince Abdulaziz bin Salman defended the voluntary output cuts announced by some allied oil producers in April, which he noted

In this article GM F Follow your favorite stocksCREATE FREE ACCOUNT Ford Mustang Mach-E vehicles at a Ford dealership in Colma, California, on July 22, 2022. Bloomberg | Getty Images After a home, buying a car is the most expensive purchase most consumers will ever make during their lifetime. The transition to electric vehicles by

Led by Saudi Arabia and Russia, OPEC+ agreed in early October to reduce production by 2 million barrels per day from November. Vladimir Simicek | Afp | Getty Images The OPEC+ alliance of oil producers will decide further production policy steps over the weekend, as crude prices reflect an ongoing struggle between supply-demand fundamentals and

The logo of the OPEC is pictured at the OPEC headquarters on October 4, 2022. In October last year, the oil cartel announced its decision to cut output by two million barrels per day. Joe Klamar | Afp | Getty Images OPEC reporters from three large news organizations have not been invited to the oil

Norway’s sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country’s oil and gas sector. Bloomberg | Bloomberg | Getty Images Norway’s $1.4 trillion sovereign wealth fund says it is prepared to start dropping companies for mismanaging climate risk starting next year, adding to the decarbonization pressure that activist

A slide in crude oil prices has weighed on the Club’s three energy holdings. But given the uncertainty around OPEC+’s output policy ahead of a key meeting this weekend, coupled with growing concerns over the health of the global economy, we’re sitting tight on buying the dip — at least for now. The Organization of