An office worker carries a large fan in central London on July 12, 2022. On Friday, the Met Office issued a Red Extreme heat warning for parts of the country. Yui Mok | PA Images | Getty Images The U....
Tag: Energy
Uniper says its drawing gas from storage
An employee monitors for gas leaks during safety checks at Uniper’s Bierwang natural gas storage facility. Bloomberg | Bloomberg | Getty Images German energy giant Uniper on Friday said it is ha...
Senators Tangle With Oil Experts In Hearing On Containing Energy Costs
Sen. Angus King, I-ME, during a hearing last year. Getty Images ‘Is your industry really that afraid of Joe Biden?’ Though gasoline prices are down 40 cents a gallon in recent weeks, Americans are sti...
Gain 11.3% on surge in energy costs
Inflation hit hard at the wholesale level in June, as producer prices surged a near-record amount from a year ago due to a big jump in energy costs, the Bureau of Labor Statistics reported Thursday. T...
Warren Buffett’s Berkshire Hathaway Buys More Occidental Stock
Text size Warren Buffett’s Berkshire Hathaway purchased more Occidental Petroleum stock. AFP via Getty Images Warren Buffett’s Berkshire Hathaway disclosed the purchase of another large block of...
The Energy Systems Revolution Has Arrived; These 3 Stocks Are Poised to Benefit
Investors have a rare opportunity today. At a time of sharp market declines, raging inflation, and growing fears of a general economic recession, that may seem a counterintuitive statement – but it’s ...
Wells Fargo Says These Eight Energy Stocks Can Weather a Recession
The year 2022 has been kind to oil companies, largely because price surges tied to Russia’s war on Ukraine. The S&P Oil & Gas Exploration & Production Select Industry Index has climb...
Inside Vanilla Ice’s New Spiked Energy Drink
TORONTO, ONTARIO – JUNE 23: Vanilla Ice attends the Joyburst Summer Launch Party at Rebel Nightclub … [+] on June 23, 2022 in Toronto, Ontario. (Photo by Ryan Emberley/Getty Images for Joy...
The Energy Sector Offers the Most Attractive Risk-Reward Profile. Here Are 2 Stocks With Over 50% Upside
Sometimes it’s good to take a worm’s eye view of the markets, to narrow down the search and the market analysis to a particular industry or a particular sector. The zoomed-in view offers some advantag...
The Oil Crisis Isn’t Over, IEA Says. Why Prices Are Falling.
Text size Oil prices have remained high since Russia invaded Ukraine in March. Mario Tama/Getty Images Oil prices were slipping on Tuesday, even as the head of the International Energy Agency warned t...
As Texas grid operator calls for energy conservation, some bitcoin miners paused operations
The Electric Reliability Council of Texas (ERCOT) asked Texans and Texas businesses to voluntarily conserve electricity to conserve energy on Monday due to extreme temperatures. Energy-intensive bitco...
Norwegian oil giant Equinor to buy U.S.-based energy storage firm
Although it is involved in renewable energy projects, Equinor is a major producer of fossil fuels. The Norwegian state has a 67% holding in the company. Hakon Mosvold Larsen | Afp | Getty Images Norwa...
A Texas Natural Gas Pipeline Highlights America’s Energy Conundrum
US President Joe Biden, flanked by European Commission President Ursula von der Leyen, makes a … [+] statement about Russia at the US Chief of Mission residence in Brussels, on March 25, 2022. (...
Texas Bitcoin miners are being paid to shut down and return energy to the grid
Over the weekend, the state of Texas was subjected to triple-digit heat, causing temperatures to soar to levels that broke records that had stood for more than a century. The state’s grid operator iss...
ERCOT tells Texans to curb power use as extreme heat strains the grid
A transmission tower is seen on July 11, 2022 in Houston, Texas. ERCOT (Electric Reliability Council of Texas) is urging Texans to voluntarily conserve power today, due to extreme heat potentially cau...
Coal Is on Its Way Out, Despite Supreme Court EPA Ruling
Text size A NextEra Energy wind farm in Whitewater, Calif. Bing Guan/Bloomberg The U.S. utility industry’s shift from coal and toward renewables likely will be unaffected by a recent Supreme Court rul...
How Corn and Soybeans Affect These 3 Biodiesel Stock Plays
Beans and corn have caught my attention, and this time it’s not just because ShopRite put summer succotash on sale. Prices for America’s two biggest cash crops are well off recent highs. Corn is down ...
Commodity price declines may shape Fed’s rate-hike path, says economist
A significant downturn in commodity prices could give the Federal Reserve cover to change its aggressive pace of planned interest rate hikes, according to a report from Capital Economics. The centra...
Energy Stocks Were the Place to Hide Out This Year. Not Anymore
(Bloomberg) — Investors are losing one of their few places of refuge in this year’s stock market plunge, as the selloff in energy shares that started last month is leaving them with nowhere to h...
These 10 stocks from a sector that is a bear-market bulwark have upside potential of up to 30%
During times of uncertainty, it can help to look at what happened during other down cycles for stocks. True, we don’t know when the stock market will hit bottom during this cycle, or if it already has...
Energy Stocks Are Cheap. Just Ask Warren Buffett.
Energy stocks are on sale, after a sharp selloff since oil and natural-gas prices peaked in early June. Oil is down 18% from its high, to $102 a barrel, while gas has fallen by a third, to about $6 pe...
Opinion: ‘Quality’ companies are getting stronger yet their shares are down in this selloff. This is how to find the bargains.
If you’re a long-term investor, this year’s selloff is good news because it offers a great chance to pick up quality companies at a discount. But wait a second. If a company is “high quality,” why wou...