Barclays picks the global energy stocks that investors should buy ‘today’

Two workers stand before the backdrop of an oil pump, while silhouetted against the sunset. David Jones | Getty Images Barclays analysts have picked European energy stocks they believe are set to benefit from an “accelerated plan” to reduce carbon emissions in the region, and said investors can realize their investment potential “today.” Source link

Action on climate change can provide a shot in the arm for the global economy, economist says

An employee with Ipsun Solar installs solar panels on the roof of the Peace Lutheran Church in Alexandria, Virginia on May 17, 2021. Andrew Caballero-Reynolds | AFP | Getty Images Ramping up investment in policies and technologies to tackle climate change could play a significant role in the global economy’s recovery from the coronavirus pandemic. … Read more

What to expect as Big Oil reports second-quarter earnings

An oil pump jack operates at the Inglewood Oil Field in Culver City, California, U.S., on Sunday, July 11, 2021. Kyle Grillot | Bloomberg | Getty Images LONDON — Oil and gas majors are likely to report bumper second-quarter earnings in the coming days, energy analysts have told CNBC, following a brutal 12 months by … Read more

Elon Musk says Tesla caused two-thirds of his personal and professional pain

Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Tesla CEO Elon Musk said Wednesday that his electric vehicle and solar business could help bitcoin miners switch to renewable energy, but is … Read more

United Airlines narrows losses, plans to ramp up flying to meet strong travel demand

A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California. Justin Sullivan | Getty Images United Airlines on Tuesday reported higher second-quarter revenue and narrowed its losses thanks to a resurgence in air travel, the latest carrier to issue a brightening outlook for one … Read more

CO2 emissions set to hit record levels in 2023 and there’s ‘no clear peak in sight,’ IEA says

Power plant querbeet | E+ | Getty Images Only a small chunk of governments’ recovery spending in response to the Covid-19 pandemic has been allocated to clean energy measures, according to the International Energy Agency, with the Paris-based organization forecasting that carbon dioxide emissions will hit record levels in 2023. Published on Tuesday, the IEA’s … Read more

OPEC+ meets to agree oil supply boost as prices surge

The Headquarters of the Organisation of the Petroleum Exporting Countries (OPEC) in Vienna, Austria on 17 December, 2018. Beata Zawrzel | NurPhoto | Getty Images OPEC+ ministers are meeting on Sunday in another attempt to agree a quick oil supply boost to address soaring prices as the global economy recovers from the coronavirus pandemic. An … Read more

OPEC+ plans new output policy meeting on Sunday, sources say

The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria. Ramzi Boudina | Reuters OPEC+ ministers plan to hold their next meeting on Sunday to decide on output policy, three sources within the producers group told Reuters on Saturday. The development comes … Read more

OPEC+ deadlock is bad news for oil producers, consumers and energy transitions, IEA warns

Oil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021. Kyle Grillot | Bloomberg | Getty Images LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, … Read more

Oil prices could ‘very easily’ top $100 a barrel, says former U.S. energy secretary

Flames burn off at an oil processing facility in Saudi Aramco’s oilfield in the Rub’ Al-Khali desert in Shaybah, Saudi Arabia, in October 2018. Simon Dawson | Bloomberg | Getty Images Oil prices could “very easily” hit $100 a barrel in the aftermath of the failed OPEC+ talks, former U.S. Energy Secretary Dan Brouillette told … Read more