Energy
UAE’s shock OPEC exit: What it means for the oil cartel’s future and for crude prices
The United Arab Emirates’ exit from OPEC this week will weaken the influence of the cartel and its leader Saudi Arabia on the oil market, a development that could prove bearish for prices over the long term. The UAE was the most influential member of OPEC behind Saudi Arabia. It was one of the few […]
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Oil giant Shell to buy Canada’s ARC Resources for $16.4 billion in push to boost output
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil major Shell on Monday said it agreed a deal to buy Canadian energy company ARC Resources in an output-boosting deal valued at $16.4 billion. The transaction will add roughly 370,000 […]
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The energy crisis will boost nuclear power, the IEA told CNBC. Here’s how investors can benefit
The nuclear power theme can be accessed in several ways: mining and refining stocks, as well as through the spot uranium price via ETFs and holding companies. Source
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Brent oil tops $107 per barrel after Iran peace talks stall
Ships and tankers in the Strait of Hormuz off the coast of Musandam, Oman, April 18, 2026. Stringer | Reuters Oil prices jumped about 2% Sunday, after plans for a second round of peace negotiations between the U.S. and Iran unraveled again. Iran’s Revolutionary Guard also reportedly boarded two cargo ships near the Strait of […]
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U.S. imposes sanctions on Chinese ‘teapot’ refinery for buying Iranian oil
Hengli Petrochemical’s refining, petrochemical complex is seen at Changxing island in Dalian, Liaoning province, China July 16, 2018. Aizhu Chen | Reuters The Trump administration said on Friday it had imposed sanctions on an independent “teapot” refinery in China for buying billions of dollars’ worth of Iranian oil, as Washington and Tehran head into another […]
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Iran says no meeting with U.S. negotiators planned in Pakistan, with Trump envoys due to head to Islamabad
This handout photo released by the Iranian Foreign Ministry on April 25, 2026 shows Pakistan’s Army Chief and Field Marshal Syed Asim Munir (3rd R) meeting with Iran’s Foreign Minister Abbas Araghchi (3rd L) upon his arrival in Islamabad. (Photo by Iranian Foreign Ministry / AFP via Getty Images) / XGTY / RESTRICTED TO EDITORIAL […]
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Nuclear reactor company X-energy shares surge 26% as AI drives interest in its IPO
In this article XE Follow your favorite stocksCREATE FREE ACCOUNT watch now VIDEO7:2007:20 X-energy CEO Clay Sell on IPO debut: We make it easy to build nuclear power plants Squawk Box Advanced nuclear reactor company X-energy began trading Friday as the AI boom and electrification broadly spark a flurry of interest in the nuclear industry. […]
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AI data center backlash threatens Pennsylvania GOP incumbents in 2026 election
A data center owned by Amazon Web Services, front right, is under construction next to the Susquehanna nuclear power plant in Berwick, Pennsylvania, Jan. 14, 2025. Ted Shaffrey | AP The AI-driven data center boom in Pennsylvania — which includes a $20 billion investment from Amazon — is leading to political angst in districts in […]
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Iran war, U.S. court’s tariff ruling delays India trade deal — but a bigger risk lies ahead
The Indian flag flies in front of billboards featuring images of Indian Prime Minister Narendra Modi and U.S. President Donald Trump in Ahmedabad, India, on Feb. 23, 2020. Bloomberg | Bloomberg | Getty Images The India-U.S. trade deal remains unsigned after months of negotiations, with the Iran war and a U.S. court ruling against tariffs […]
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Oil giant BP suffers shareholder revolt over climate transparency at tense AGM
BP logos are seen at a BP petrol and diesel filling station southeast of London on June 15, 2020. BEN STANSALL | AFP | Getty Images LONDON — British energy major BP suffered a shareholder revolt at its annual general meeting on Thursday, following a tense clash with investors over corporate governance and climate transparency. […]
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