Energy News

Investors may see a satisfying ending to 2021. According to Canaccord Genuity’s Tony Dwyer, extreme optimism and strong historical trends should offset overbought conditions in the market. The result: A record finish. “The internals of the market are still pretty sound,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Monday. The Dow, S&P

Donald Trump’s former energy secretary on Sunday attacked the Biden administration’s energy policies, linking them to inflation and claiming that restrictions on the U.S. oil industry and rising costs at home could lead to “disaster.” Energy prices have leaped globally in the last three months. Natural gas has soared almost 600% this year, and international

Workers sort coal near a coal mine in Datong, China’s northern Shanxi province on November 3, 2021. Noel Celis | AFP | Getty Images BEIJING — China imported nearly twice as much coal in October as it did a year ago, despite signs the country’s power shortage is easing, according to customs data released Sunday.

U.S.-based Venture Global LNG announced on Thursday a 20-year supply agreement with China’s Sinopec, the largest long-term liquefied natural gas supply deal ever signed by an American company. “Over the term of the contract, it is going to aggregate more than 80 million tons,” Venture Global CEO Mike Sabel told CNBC’s “Worldwide Exchange.” “On a

In this article RUN Sunrun solar. Source: Sunrun Sunrun said Thursday that its revenue during the third quarter more than doubled year over year as the company’s customer count topped 600,000. Shares of the company dipped as much as 2% during extended trading on Thursday. Here’s how Sunrun did versus analysts’ expectations, as compiled by

In this article FSLR First Solar Inc. Source: First Solar First Solar‘s net sales declined during the third quarter, the company said Thursday, amid ongoing supply chain issues. Shares of First Solar slid as much as 2% in after hours trading following the quarterly report. Here’s how the company did versus analysts’ expectations, as compiled

LONDON — U.S. Energy Secretary Jennifer Granholm has called on oil-producing nations to immediately increase crude supplies to mitigate the surging cost of living. On Thursday, oil cartel OPEC and its allies agreed to continue with their current output plan, deciding against loosening the taps despite U.S. pressure to help cool the market. Oil prices have

LONDON — Renewables have an important role to play when it comes to ensuring energy security and safeguarding against the price fluctuations associated with fossil fuels, according to the U.S. energy secretary. Speaking to CNBC’s Steve Sedgwick at the COP26 climate change summit on Friday morning, Jennifer Granholm emphasized the importance of diversifying “into clean

India’s Prime Minister Narendra Modi speaks at the World Leaders’ Summit “Accelerating Clean Technology Innovation and Deployment” session at the COP26 Climate Conference in Glasgow, Scotland on November 2, 2021. Jeff J Mitchell | AFP | Getty Images India’s road to net zero carbon emissions will be long and challenging — while it’s not impossible,

The Peabody Energy Francisco coal mine in Francisco, Indiana, U.S., on Thursday, Sept. 23, 2021. Luke Sharrett | Bloomberg | Getty Images Twenty-eight countries have joined an international alliance dedicated to phasing out coal, but the world’s biggest polluters are not among them. The new members of the Powering Past Coal Alliance (PPCA), which include

In this article SPGI Wind turbines in waters off the coast of the U.K. Lakeland-Photos | iStock | Getty Images The world wants to “transition” away from fossil fuels toward green energy, but the difficult reality is this: Dirty fuels are not going away — or even declining — anytime soon. The total amount of

In this article TSLA VOW3-DE BMW-DE The BMW i4 seen during a BMW press event in Garching, Bavaria, on September 29, 2021. Matthias Balk | picture alliance | Getty Images The BMW Group’s sales of fully electric vehicles grew by 121.4% in the first nine months of 2021, hitting 59,688 units, with the German carmaker

Market forecaster Jim Bianco expects inflation’s intensity to catch up with central bank policymakers worldwide, including the Federal Reserve. The fallout could make stocks less attractive, and knock them off record highs. “Inflation is persistent and you’ve got to start thinking about moving your policies more aggressively towards tightening,” the Bianco Research President told CNBC’s

BP logos are seen at a BP petrol and diesel filling station southeast of London on June 15, 2020. BEN STANSALL | AFP | Getty Images Oil and gas giant BP beat third-quarter earnings expectations on Tuesday, fueled by surging energy prices. The British energy major posted an underlying replacement cost profit, a proxy for

GLASGOW, SCOTLAND – NOVEMBER 01: Indian Prime Minister Narendra Modi presents his national statement on day two of COP26 at SECC on November 1, 2021 in Glasgow, United Kingdom. 2021 sees the 26th United Nations Climate Change Conference. Pool | Getty Images News | Getty Images LONDON — Some of the world’s largest polluters were

In this article ENR-DE Prime Minister Boris Johnson and JCB chairman Lord Bamford at the unveiling of a hydrogen powered JCB Loadall telescopic handler in central London, on October 18, 2021. Stefan Rousseau – PA Images | PA Images | Getty Images A “multi-billion-pound deal” related to the supply and distribution of green hydrogen in

An oil pump jack in a field with wind turbines in Corpus Christi, Texas, U.S., Friday, Feb. 19, 2021. Eddie Seal | Bloomberg | Getty Images A day-long Congressional hearing on ‘climate disinformation’ on Thursday, where executives of some of the world’s largest oil companies defended themselves against lawmakers, ended with House Oversight and Reform

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters DUBAI, United Arab Emirates — Saudi Arabia’s oil giant Aramco posted a stunning 158% increase in third quarter net income to $30.4 billion dollars, as the world’s largest oil companies continue to benefit from the reopening

Australia and the Middle East have the greatest potential to be major exporters of “green” hydrogen in the coming years, according to an analysis by energy consultancy Wood Mackenzie. Green hydrogen is produced using renewable energy instead of fossil fuels. It can be used as a clean power source for sectors such as manufacturing and

A crowded bar in Paris’ 6th Arrondissement as Parisians embrace the lifting of Covid-19 restrictions as cafes and restaurants across France re-open for the first time in over 6 months. Kiran Ridley | Getty Images News | Getty Images Euro zone inflation hit a new 13-year high in October, as the currency bloc battles surging