Energy
Wall Street banks love these energy stocks — and two are on Goldman’s conviction buy list
Goldman Sachs and Bank of America have identified their top energy stocks to buy, two of which are on Goldman’s coveted conviction list. Source
Read More
Everyone is worried about gas prices, but diesel is driving inflation more than you think
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Even before Russia invaded Ukraine, the fuel that runs the global economy was in short supply. Now some analysts say there could be spot […]
Read More
Biden announces new funding to make homes more energy efficient
Energy Secretary Jennifer Granholm speaks during a meeting with Secretary of State Antony Blinken, European Union High Representative for Foreign Affairs and Security Policy Josep Borrell Fontelles, and European Commissioner for Energy Kadri Simson at the State Department in Washington, February 7, 2022. Andrew Harnik | Pool | Reuters The Biden administration on Wednesday announced […]
Read More
Asia will become the ‘default market’ for Russian oil, Dan Yergin says
Asia will become the default market for Russian oil as the country tries to find buyers for its energy exports, IHS Markit Vice Chairman Dan Yergin told CNBC. Major oil importers in Asia like China and India have been pressured by oil prices which have soared since Russia invaded Ukraine in late February. Besides the […]
Read More
Crypto hackers steal over $615 million from network that runs popular game Axie Infinity
Eugene (L) and Ginger Arboleda giving a demonstration on how to play Axie Infinity, an NFT game where players earn tokens that can be exchanged for cryptocurrency or cash, Manilla, December 10, 2021. Jam Sta Rosa | AFP | Getty Images The popular blockchain game Axie Infinity, which lets users earn money as they play, […]
Read More
UAE energy minister warns of poverty and economic stagnation if energy affordability isn’t tackled
United Arab Emirates’ Energy Minister Suhail Mohamed al-Mazrouei at a press conference in January, 2018. MOHAMMED MAHJOUB/AFP/Getty Images Failure to address energy affordability risks casting significant portions of the world into poverty and stagnating the global economy, according to the United Arab Emirates Energy Minister Suhail Al Mazrouei. Soaring energy prices have caused inflation to spike […]
Read More
Putin should think about the consequences of asking for energy payments in rubles, Germany says
Germany has some advice for Russian President Vladimir Putin: think about the consequences of asking for energy payments in rubles. Russia’s Putin said last week that “unfriendly” nations would be asked to pay for their natural gas in rubles — causing a spike in European gas prices. By asking for payments in the Russian currency […]
Read More
Saudi energy minister says oil alliance OPEC+ will leave politics out of output decisions
Saudi Energy Minister, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud speaks during the UN Climate Change Conference (COP26), in Glasgow, Scotland, Britain, November 10, 2021. Yves Herman | Reuters Saudi Arabia’s energy minister said Tuesday that OPEC+ will keep politics out of its decision-making in favor of the “common good” of stabilizing energy prices. […]
Read More
Russia’s invasion has made energy security a hot topic. The U.S. thinks hydrogen could be the answer
Ships sailing into the port of Rotterdam in February 2022. Federico Gambarini | Picture Alliance | Getty Images Concerns related to both the energy transition and energy security have been thrown into sharp relief by Russia’s invasion of Ukraine. Russia is a major supplier of oil and gas, and over the past few weeks a […]
Read More
Russia will ‘always’ be a part of OPEC+, UAE energy minister says
The United Arab Emirates’ energy and infrastructure minister has insisted that Russia will always be a part of OPEC+ even as governments across the globe shun the oil exporter over its war in Ukraine. Speaking to CNBC on Monday, Suhail Al Mazrouei, a former president of the oil alliance, said no other country could match […]
Read More