Europe will continue debating a ban on imports of Russian oil over the weekend. While such a deal is far from certain, the New York Times reported Friday that the European Union could approve a phased...
Tag: fossil fuels
Chevron Earnings Just Miss Expectations, Despite Surging Oil Prices
Text size A Chevron petroleum storage tank Joe Raedle/Getty Images Chevron posted earnings that were slightly below analyst expectations for the first quarter. Chevron (ticker: CVX), the second-bigges...
Poland and Bulgaria say Russia suspending natgas supplies over rubles
Officials in Poland and Bulgaria say Russia is suspending their countries’ natural gas deliveries starting on Wednesday. The governments of the two European countries said Tuesday that Russian energy ...
Poland says Russia warned that natgas supply will stop on Wednesday
Russia will halt natural gas flows to Poland on Wednesday in an escalation in the standoff between Moscow and Europe over energy supplies and the war in Ukraine, according to news reports Tuesday. Rus...
CEO of Top Natural Gas Producer Sees ‘Tremendous’ Moment for U.S. Energy
On Thursday, U.S. climate envoy John Kerry put natural gas companies on the clock, telling them to clean up their acts in the next six to 10 years or be replaced. On Friday, the head of the largest ga...
New 12-Point Climate Change Standard Introduced For Hotels
Julia Simpson, WTTC President & CEO; Philippines Tourism Secretary Bernadette Romulo-Puyat; and … [+] Arnold W. Donald, President, Chief Executive Officer and Chief Climate Officer, Carnival...
Why States Continue To Overrule Local Regulation Of Fossil Fuels
Tennessee is poised to become the latest state to preempt local regulations restricting fossil fuel … [+] usage and infrastructure. getty Like their counterparts in many other state capitals, Te...
Oil Service Stocks Are Gaining Steam. These Are the Ones to Watch.
Text size Prices and margins are improving for companies like Haliburton. Dreamstime Oil services and equipment companies slimmed down after the last oil bust, and that’s left them looking lean as oil...
Opinion: Elon Musk’s bid for Twitter spells trouble for Tesla investors — here’s why
For years, Elon Musk has used hype to prop up Tesla’s stock. It’s worked so well that other companies have followed his lead. But now we think the world has seen that the emperor has no clothes. The a...
Opinion: Why the United States is reluctant to become the Saudi Arabia of natural gas
OXFORD, England (Project Syndicate)—With images of Russian aggression and war crimes in Ukraine continuing to dominate the media in Europe and around the world, Germany has pledged to cut its imports ...
Climate Activists Renew Pressure On ‘Devastating’ East African Oil Pipeline
Star Ugandan climate activist Vanessa Nakate has spoken out against a major crude oil pipeline being … [+] developed in Uganda and Tanzania. dpa/picture alliance via Getty Images A huge crude oi...
Three value stocks that can provide safety as interest rates rise
Stocks have been on a rocky road this year, as investors have tried to anticipate every possible move by the Federal Reserve to combat inflation. Value strategies have held up better than growth strat...
Why Schlumberger and Other Oil Services Firms Are Early in Their Comeback Story
Text size Schlumberger well service trucks. A Piper Sandler analyst thinks Schlumberger stock could rise 29%. Dreamstime Companies producing and selling oil have been the most prominent beneficiaries ...
General Dynamics Stock: Why It’s Time to Buy
Text size General Dynamics M1 Abrams battle tanks. Krisztian Bocsi/Bloomberg Russia’s war in Ukraine shows no sign of ending, and the news of civilian deaths in places like Kramatorsk, Bucha, and Irpi...
The stock market is behaving a lot like it did during the Iraq war. Here’s the future if the pattern continues.
History doesn’t repeat, but it does rhyme. The Iraq war of 2003 doesn’t have many parallels to Russia’s invasion of Ukraine, other than perhaps global unpopularity. But there seems to be at least one ...
Warren Buffett’s Berkshire Hathaway Takes 11% Stake in HP
Text size Warren Buffett Paul Morigi/Getty Images for Fortune/Time Inc. Berkshire Hathaway has accumulated an 11.4% stake worth $4.2 billion in HP Inc. , the maker of personal computers and printers, ...
Why U.S. consumers suspect gas price gouging — and how much stations actually profit from a gallon of the fuel
Oil company executives will be on the hot seat Wednesday at a House subcommittee hearing as U.S. consumers across the country allege gasoline price gouging at the pump, where drivers last month paid r...
Defense Stocks Rose With the Ukraine War. Then a Tight Proposed Budget Set Them Back.
Elias Stein Text size Defense stocks took a surprising blow after a proposed defense budget was released last week. The Biden administration asked Congress for $773 billion to fund defense for fiscal ...
Tellurian Stock Is Upgraded Amid Rising Demand for Liquefied Natural Gas
Text size A natural gas processing plant. Dreamstime Shares of Tellurian were surging Friday after the stock was upgraded by Credit Suisse analysts, who cited optimism over the natural-gas producer’s ...
Biden says latest Strategic Petroleum Reserve release could cut gas prices 10 to 35 cents per gallon — but some experts worry about long-term costs
President Joe Biden announced Thursday the daily release of 1 million barrels of oil from the country’s reserves for the next six months as a way to bring down gas prices that have been breaking recor...
Alex Epstein’s Case For Using More Oil, Coal And Natural Gas
SEPTEMBER 19: Picture taken 19 September 1984 in the North Sea of the Norwegian oil drilling rig … [+] “Statfjord B”. (Photo credit should read STF/AFP via Getty Images) AFP via Gett...
Netflix is the S&P 500’s worst performer this week — here are the next 14
Investors remained sour for a second consecutive session on Friday as they continued to digest comments from Federal Reserve Chairman Jerome Powell about the prospect for rapidly rising interest rates...