U.S. strength secretary to pay a visit to Saudi Arabia, UAE up coming 7 days, officers say

U.S. strength secretary to pay a visit to Saudi Arabia, UAE up coming 7 days, officers say


Vitality Secretary Jennifer Granholm testifies through the Senate Electricity and Natural Resources Committee listening to titled “President’s Funds Request for the U.S. Section of Power for Fiscal Calendar year 2025,” in Dirksen developing on Tuesday, April 16, 2024.

Tom Williams | CQ-Roll Call, Inc. | Getty Photos

U.S. Electrical power Secretary Jennifer Granholm will go to Saudi Arabia and the United Arab Emirates subsequent week to function on “climate co-operation” and other challenges, two Biden administration officials informed Reuters on Friday.

The check out will run from Tuesday by way of Thursday, with Granholm checking out the UAE initial, a person of the officers said. It will be her 1st excursion to the area as secretary.

“The take a look at is a continuation of long-standing engagement among the U.S. and this region,” the officials mentioned.

“Especially, for the Division of Energy, it will go forward get the job done the two international locations are doing on weather cooperation and to diversify the electricity overall economy.”

Granholm will take part in a assembly of the Internet-Zero Producers Forum, a group of countries representing 40% of world-wide oil and gasoline generation, such as the U.S., Saudi Arabia and Qatar, the resources said.

The group, which performs on ways to minimize emissions these types of as abatement of methane and deployment of clear electrical power, was formed in 2021.

Saudi Arabia and UAE are both equally members of OPEC, which is debating no matter if to increase output cuts.

The Web-Zero conference was prepared long in progress and Granholm does not prepare to go over oil plan with counterparts on the trip, a person of the sources stated.

The Biden administration and Saudi Arabia are nearing an arrangement for U.S. safety assures and civilian nuclear assistance, even as an Israel-Saudi normalization offer envisioned as part of a Center East “grand discount” remains elusive, resources told Reuters this month.

Those talks are being led on the U.S. aspect by White Household officers and the Point out Section, but not Granholm.



Supply

Tech stocks could offer their best value in years, analysts say, after stellar earnings season
World

Tech stocks could offer their best value in years, analysts say, after stellar earnings season

Jakub Porzycki | Nurphoto | Getty Images U.S. tech stocks are back in vogue after another stellar earnings season, but Morningstar analysis suggests the sector offers the best value to investors in years. Market chatter in 2024 and 2025 frequently referenced fears of a “bubble” emerging in the top end of the U.S. equity market, […]

Read More
CNBC Daily Open: Leadership challenge swirls around Starmer
World

CNBC Daily Open: Leadership challenge swirls around Starmer

U.K. Prime Minister Keir Starmer leaves Downing Street on February 02, 2026 in London, United Kingdom. Alishia Abodunde | Getty Images News | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. It’s a tough time to go to the polls. That’s what U.K. […]

Read More
Why pension funds are doubling down on private credit despite deepening cracks
World

Why pension funds are doubling down on private credit despite deepening cracks

Pension funds are sticking with private credit, and in some cases doubling down on allocations even as concerns mount over underwriting standards, valuation opacity and sector concentration. Institutional investors, including pension funds, “generally remain committed to the asset class, with many continuing to build out their allocations,” said Cameron Systermans, head of multi-asset at Mercer […]

Read More