Environment

U.S. crude oil on Friday was on pace for its first weekly loss in three weeks, as the prospect of growing oil supplies from Saudi Arabia overshadowed China’s efforts to stimulate its economy. The U.S. benchmark West Texas Intermediate is down nearly 6% this week, while global benchmark Brent has pulled back nearly 4%. Prices

Dilara Irem Sancar | Anadolu | Getty Images The OPEC+ alliance is once more cracking down on group compliance with oil output cuts, as it presses ahead with a three-pronged plan of formal and voluntary production trims.  Two OPEC+ delegates, who could only comment anonymously because of the sensitivity of the talks, told CNBC that

A bulldozer moves coal that will be burned to generate electricity at the American Electric Power coal-fired power plant in Winfield, West Virginia. Luke Sharrett | Bloomberg | Getty Images The planned restart of Three Mile Island is a step forward for nuclear power, but the U.S. needs to deploy new plants to keep up

In this article CEG VST ORCL RBLX HPE DUOL META NVDA MSFT GOOGL CBK-DE UCG-IT .IXIC .DJI .SPX Follow your favorite stocksCREATE FREE ACCOUNT An Amazon Web Services data center in Stone Ridge, Virginia, US, on Sunday, July 28, 2024.  Nathan Howard | Bloomberg | Getty Images This report is from today’s CNBC Daily Open,

U.S. crude oil prices fell nearly 3% on Thursday on a report that Saudi Arabia is committed to pressing ahead with production increases later this year. Saudi is prepared to ditch its unofficial oil price target of $100 per barrel, people familiar with the kingdom’s thinking told The Financial Times. Saudi officials are ready to

In this article .FKRX300 .SPX .DJI .IXIC GOOGL MSFT NVDA META DUOL HPE ORCL VST CEG Follow your favorite stocksCREATE FREE ACCOUNT Inside one of Equinix’s internal operations at Equinix Data Center in Ashburn, Virginia, on May 9, 2024.  Amanda Andrade-Rhoades | The Washington Post | Getty Images This report is from today’s CNBC Daily

In this article CEG OKLO Follow your favorite stocksCREATE FREE ACCOUNT An artist rendering of the Oklo powerhouse, called the Aurora. Image credit: Gensler Image courtesy Oklo Nuclear startup Oklo is moving closer to initial construction of its first commercial microreactor, CEO Jacob DeWitte told CNBC in an interview. Oklo has received the greenlight from

Caroline Ellison, the star witness in the prosecution of her former boyfriend, FTX founder Sam Bankman-Fried, was sentenced Tuesday in New York federal court to two years in prison and ordered to forfeit $11 billion for her role in the massive fraud and conspiracy that doomed the cryptocurrency exchange once valued at $32 billion. The prison

The sun sets beyond crude oil storage tanks at the Juaymah tank farm at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Bloomberg | Bloomberg | Getty Images Global benchmark Brent crude falling below $70 a barrel in early September — its lowest in

Norma Field walks under power lines coming off of the nuclear plant on Three Mile Island (TMI), with the operational plant run by Exelon Generation, in Middletown, Pennsylvania. Andrew Caballero-Reynolds | AFP | Getty Images Constellation Energy plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the

U.S. crude oil rose nearly 1% on Thursday, one day after the Federal Reserve slashed interest rates for the first time in more than four years and as tensions in the Middle East continued to escalate. The Fed surprised the market on Wednesday with a bigger-than-expected cut of a half percentage point. Oil prices, however,

Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021. Joe Raedle | Getty Images Cameron and Tyler Winklevoss are the biggest individual crypto donors this election

In this article @LCO.1 @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT U.S. crude oil fell Wednesday ahead of the Federal Reserve’s pivotal decision on interest rates later this afternoon. “In theory a rate cut is supportive for oil prices but we’ve seen prices rallying in recent days, likely pricing this in already, hence the response

The RN-Tuapsinsky refinery operated by Rosneft Oil Co. in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images SINGAPORE — As the world’s oil traders and analysts gathered at the annual Asia Pacific Petroleum Conference in Singapore last week, the slump in oil and where it was headed was foremost in everybody’s mind. China, the

In this article @LCO.1 @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT U.S. crude oil traded above $70 per barrel on Tuesday, as production in the Gulf of Mexico is still in recovery mode after Hurricane Francine. More than 200,000 barrels per day remained offline in the Gulf as of Monday, according to Bureau of Safety

In this article DJT Follow your favorite stocksCREATE FREE ACCOUNT Republican presidential nominee and former U.S. President Donald Trump reacts in the spin room, on the day of his debate with Democratic presidential nominee and U.S. Vice President Kamala Harris, in Philadelphia on Sept. 10, 2024. Evelyn Hockstein | Reuters Around sixteen minutes into Republican