In this article SRG-IT ENR-DE VOW3-DE RWE-DE Sean Gallup | Getty Images News | Getty Images The CEO of German energy company RWE has called for the use of hydrogen in sectors where electrification is just not an option, telling CNBC that “in the end, all hydrogen needs to be green.” In an interview earlier
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Dado Ruvic | Reuters Oil market watchers are torn between dramatically different forecasts for crude prices, even after OPEC’s upbeat forecast for crude demand in 2022. OPEC’s outlook sees the world consuming 99.13 million barrels per day of crude in the first quarter of 2022, an increase of 1.1 million barrels per day from its
Protesters seen holding placards calling for a stop to the Williams natural gas pipeline (aka ‘Northeast Supply Enhancement (NESE) Pipeline”) during a demonstration held on Centre Street adjacent to City Hall Park in New York City. Michael Brochstein | LightRocket | Getty Images The New York City Council on Wednesday voted to pass legislation banning
Russia’s President Vladimir Putin sits in his office in the Novo-Ogaryovo residence during a bilateral meeting with China’s President Xi Jinping (on the video screen) via a video call. Mikhail Metzel | TASS | Getty Images BEIJING — Chinese President Xi Jinping and Russian President Vladimir Putin held their second dedicated video call of the
Sen. Joe Manchin, D-W.Va., talks with reporters after a remembrance ceremony on the east front steps of the U.S. Capitol for the 20th anniversary of the 9/11 terrorist attacks on Monday, September 13, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images The U.S. government is taking its first step towards encouraging more high-assay
A tanker truck drives past oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Demand for oil is set to be lower than expected next year, the International Energy Agency said Tuesday, as it revised down its outlook
Construction crew installing solar panels on a house heshphoto | Getty Images California regulators on Monday proposed significant changes to the state’s solar incentive program in a move vehemently opposed by industry advocates. The new policy would reduce payments granted to solar customers for the excess power they generate — a policy known as net-energy
OntheRunPhoto | iStock Editorial | Getty Images Southwest Airlines on Wednesday said it expects to be profitable in the fourth quarter, thanks to stronger-than-expected leisure travel demand despite the emergence of the omicron variant of Covid. The Dallas-based carrier forecast fourth-quarter revenue down 10% to 15% from the same period of 2019, when it generated
Institutional Investor hall of famer Rich Bernstein is a market bull whose playbook excludes some of Wall Street’s most popular groups. He blames a risky see-saw dynamic playing out in the marketplace. “On one side, we have all that I would call the bubble assets: tech, innovation disruption, cryptocurrencies,” the Richard Bernstein Advisors CEO and CIO
A United Airlines plane takes off from Ronald Reagan Washington National Airport November 23, 2021 in Arlington, Virginia. Drew Angerer | Getty Images The Federal Aviation Administration on Thursday announced a series of new university research grants in hopes of making greener aviation fuel cheaper and less scarce. Airlines including United, Southwest, Delta, American and
In this article XLE Energy stocks have taken a recent pause, a breather after a red-hot rally this year. The S&P 500 sector has fallen more than 4% since this time last month. West Texas Intermediate crude, meanwhile, has plummeted 16% over the same stretch — demand fears tied to the emergence of the Covid
Nick Emery clears mountains of snow from his driveway on March 14, 2021 in Nederland, Colorado. Helen H. Richardson | Denver Post | Getty Images This winter could be especially cold and expensive. But there are a few ways to keep your wallet full and your family warm. People who heat their homes with natural
Whinstone CEO Chad Harris takes CNBC on a tour of the largest bitcoin mine in North America. Bitcoin mining has totally recovered from the Chinese crypto crackdown that took more than half the world’s miners offline virtually overnight earlier this year. The recovery is measured by looking at hashrate, a term used to describe the
A Shell logo seen at a petrol station in London. A court in The Hague has ordered oil giant Shell to reduce its carbon emissions by 45% compared to 2019 levels by 2030, in what is widely seen as a landmark case. SOPA Images | LightRocket | Getty Images LONDON — Shareholders of oil giant
A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters LONDON — Stock picking is going to be more important for investors than macroeconomic themes in 2022, according to BlackRock‘s Nigel Bolton. Markets continue to grind higher against a backdrop of uncertainty, and developments on the Covid-19 front, global
U.S. President Joe Biden stops to talk to reporters before departing the White House December 08, 2021 in Washington, DC. Chip Somodevilla | Getty Images President Joe Biden will sign an executive order on Wednesday leveraging the federal government’s buying power to slash its carbon emissions by 65% by 2030 and become carbon neutral by