Environment

U.S. oil prices have been sliding in fits and starts since June, but the Biden administration may be ready to flip from being a seller to a buyer of crude to replenish the nation’s Strategic Petroleum Reserve . The SPR, which has been releasing 1 million barrels per day of supply since March, has been

In this article ETC.CM= Ethereum’s biggest-ever upgrade just took effect, in what industry experts are calling a game changer for the entire crypto sector. Thus far, all signs suggest the so-called merge — which is designed to cut the cryptocurrency’s energy consumption by more than 99% — was a success. The very first proof-of-stake block

President Joe Biden announced Wednesday the release of the first round of funding for a nationwide electric vehicle charging network, financing the construction of stations in 35 states. “I’m pleased to announce that we’re approving funding for the first 35 states, including Michigan, to build their own charging infrastructure throughout their state,” Biden said at

Sollina Images | Tetra Images | Getty Images Despite falling gas prices, inflation was higher than expected in August, curbing optimism for lower day-to-day expenses. But some retirees won’t feel the sting of elevated costs, experts say. Annual inflation rose by 8.3% in August, fueled by growing costs for food, shelter and medical care services,

The chief executive of one of Germany’s biggest banks, Commerzbank, sought to reassure investors Thursday about the prospect of non-performing loans this winter, saying banks are far better placed to cope compared to previous crises. “The German economy is facing a difficult time ahead of us due to the Ukraine conflict, China, supply chain problems

A worker at First Solar in Perrysburg, Ohio July 8, 2022. Megan Jelinger | Reuters Caton Fenz already thought that 2022 was going to be a good year. The CEO of Houston-based ConnectGen, which builds wind and solar power plants that sell electricity to utilities, had planned to hire about five or six new workers.  

European Commission President Ursula von der Leyen says the region is facing an extraordinary situation. Thierry Monasse | Getty Images News | Getty Images European Union energy ministers on Friday gathered in Brussels for emergency talks on how to protect households and businesses from runaway gas and electricity prices ahead of winter. European Commission President

Two months after they agreed to explore price limits on Russian oil sales, G-7 countries are still trying to recruit more countries to join their efforts before they enter more detailed discussions about the policy’s specifics, according to U.S. and European officials. “The coalition has to be broader, and this is the diplomatic phase [negotiators]

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. We made two trades: AMD, CVX Quick mentions: AAPL, QCOM, HUM 1. Two trades: AMD, CVX Stocks turned mixed Thursday after originally dropping during Federal Reserve Chairman Jerome Powell’s morning

A sign for a hydrogen fuel pump at a train refueling station in Germany. Hydrogen has a diverse range of applications and can be used in a number of industries. Krisztian Bocsi | Bloomberg | Getty Images A tax credit tucked into Inflation Reduction Act could turbocharge the nascent clean hydrogen industry and turn it into

Indian Prime Minister Narendra Modi greets Russian President Vladimir Putin during a welcoming ceremony on October 5, 2018 in New Delhi, India. Mikhail Svetlov | Getty Images News | Getty Images India’s Prime Minister Narendra Modi said Wednesday that he is keen to boost ties with Russia, even as the country has been ostracized from the

We’re exiting our position in Chevron (CVX), selling our last remaining 100 shares at roughly $155 each. Following Wednesday’s trade, Jim’s Charitable Trust will no longer own a position in Chevron. This sale will lock in a fantastic gain of about 36% on stock purchased in December 2021. We’re taking another step Wednesday to pare

The uptake of electric vehicles has increased in recent years, as countries around the world attempt to reduce the environmental effects of transportation. Simonskafar | E+ | Getty Images Recent comments from Elon Musk about the need for more oil and gas reflect a broader concern that the uptake of electric vehicles will be hampered

An aerial view shows Isar nuclear power plant, which includes the Isar 2 reactor, on August 14, 2022 in Essenbach, Germany. Isar 2 is one of the last three still operating nuclear power plants in Germany and all three were scheduled to shut down by the end of this year. However, due to the disruption

In this article @CL.1 @LCO.1 OPEC+’s decision to implement a small production output cut is more of a political statement and symbolic message sent by the alliance, analysts said. On Monday, the group announced a small oil production cut of 100,000 barrels per day to bolster prices. Just last month, OPEC+ decided to raise oil

Oil pumping jacks operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg | Getty Images Indian Petroleum Minister Shri Hardeep Singh Puri on Monday said the country will carefully assess whether to support a G-7 proposal to impose a cap on the price of Russian oil. “There

10 and 5 euro notes. Adrien Fillon | Nurphoto | Getty Images The euro fell below $0.99 for the first time in 20 years Monday, after Russia said it would shut off its main gas supply pipeline to Europe indefinitely. The EU’s common currency was trading around 0.9911 versus the dollar by 10:00 a.m. London time (5:00

In this article 5334.T-JP STLA-IT GM F TSLA The race to build electric vehicles in the U.S. is heating up as fresh rounds of investment come out of Washington. Workers at the former heart of the auto industry fear being left behind. “When we look carefully at what goes on on the factory floor, it

BALI, Indonesia — The European Union on Saturday urged China and India to join the G-7 initiative to apply a cap on Russian oil prices, saying it is unfair for countries to pay excess revenues to Moscow amid the Kremlin’s war in Ukraine. The G-7 nations announced Friday that they agreed on a plan to

The European Union is “ready to react” to Russia’s decision to halt gas supplies to the bloc, a top EU official told CNBC on Saturday. Russia’s state-owned energy giant Gazprom on Friday announced an indefinite halt to gas flows to Europe via the Nord Stream 1 gas pipeline, citing the need for additional repairs. The