A driver fills up the tank of his car at the pump of a low-cost Prio Gas Station on the eve of an announced fuel price increase on March 06, 2022, in Portugal. Horacio Villalobos | Corbis News | Getty Images The European Union on Tuesday presented a new plan to reduce its dependency on
Environment
As Sri Lanka battles one of its worst economic crises in over 70 years, its central bank governor expressed optimism the country would be able to pull through, but stressed the importance of measures that “may be not very palatable.” “We have the confidence to say that Sri Lanka would go through these times for
In this article GLEN-GB TSLA The Aston Martin Rapide E electric vehicle on display at the Auto Shanghai 2019 show in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Aston Martin is to work with Britishvolt on the development of “high performance battery cell technology,” as the carmaker gears up to launch a battery-electric
The oil and gas terminal at the Port of Odessa in Odessa, Ukraine, on Saturday, Jan. 22, 2022. Christopher Occhicone | Bloomberg | Getty Images U.S. crude oil surged more than 8% in early trading on Sunday evening as the market continued to react to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and
BIRKENHEAD, ENGLAND – JANUARY 26: Oil tankers unload at the Essar Oil Tranmere Terminal on the River Mersey. Christopher Furlong | Getty Images News | Getty Images LONDON — Dock workers in Britain are taking a stand against Russia’s invasion of Ukraine with ports in the country refusing to unload Russian oil and gas. Tough
The Vogtle Unit 3 and 4 site, being constructed by primary contractor Westinghouse, a business unit of Toshiba, near Waynesboro, Georgia, is seen in an aerial photo taken February 2017. Georgia Power | Reuters Climate change and global security are pushing against each other in shaping the future. That’s particularly apparent in this week’s events
Energy sector ETFs are reaching new multiyear highs this week as the conflict between Russia and Ukraine intensifies. The Energy Select Sector SPDR Fund (XLE) hit highs not seen since 2018 on Thursday. The SPDR S&P Oil & Gas Exploration and Production ETF (XOP) climbed to levels not seen since 2019. On Feb. 24 “when
Oil pumping jacks, also known as “nodding donkeys”in a Rosneft Oil Co. oilfield near Sokolovka village, in the Udmurt Republic, Russia, on Friday, Nov. 20, 2020. Bloomberg | Bloomberg | Getty Images The U.S. Treasury Department clarified Friday afternoon that Wall Street’s traders and banks can continue to buy and sell Russian oil and gas
In this article CSG.N-CH BYND TSLA The ex-CEO of British consumer goods giant Unilever has shared his view on how businesses should operate in the years ahead, namechecking Elon Musk’s Tesla, Danish energy firm Orsted and Beyond Meat in the process. In comments made during a discussion moderated by CNBC’s Karen Tso at Mobile World
Local residents are seen in front of partially empty shelves at a supermarket in Kyiv, Ukraine March 3, 2022. Mykhailo Markiv | Reuters Donations in cryptocurrencies like bitcoin and ethereum are pouring into Ukraine as the war with Russia enters its second week. Since Moscow invaded on Feb. 24, more than 102,000 cryptoasset donations, totaling
A Surgutneftegas worker near pumpjacks in Surgut Region of the Khanty-Mansi Autonomous Area – Yugra, in the West Siberian petroleum basin. Alexei Andronov | TASS via Getty Images It may only be a matter of time before the U.S. and Western allies impose full sanctions on Russia’s energy exports, analysts say, warning that such a
A solar energy field stands next to the Lippendorf coal-fired power plant on May 10, 2021 in Lippendorf, Germany. Jens Schlueter | Getty Images News | Getty Images The Ukrainian people are bearing the heaviest weight of the war they are fighting with Russia, but the war has had grave consequences for global energy markets
Ukrainian servicemen take part in military exercises in the ghost city of Pripyat, near Chornobyl Nuclear Power Plant on February 4, 2022. Sergei Supinsky | Afp | Getty Images The U.N.’s nuclear watchdog on Wednesday warned Russia’s onslaught of Ukraine is raising the risk of nuclear accidents, calling for restraint from all actions that could
In this article FSLR A worker installs First Solar Inc. photovoltaic solar panels at the Agua Caliente Solar Project in Yuma County, Arizona. Joshua Lott | Bloomberg | Getty Images Shares of First Solar dropped more than 14% during extended trading Tuesday after the company reported missing revenue expectations during the fourth quarter and issued
Oil pumping jacks, also known as “nodding donkeys”, in an oilfield near Neftekamsk, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020. Andrewy Rudakov | Bloomberg | Getty Images Oil prices surged Tuesday, with U.S. crude hitting its highest level since July 2014 as Russia bears down on Ukraine’s capital. Prices first topped
In this article @CL.1 @LCO.1 Traders on the floor of the NYSE, Jan. 26, 2022. Source: NYSE The heavy new round of sanctions on Russia by the U.S. and its allies are likely to push oil prices — and inflation — even higher. That could create a bigger challenge for the Federal Reserve as it
In this article BP.-GB The Kremlin is reflected in the polished company plate of the state-controlled Russian oil giant Rosneft at the entrance of the headquarters in Moscow, Dmitry Kostyukov | AFP | Getty Images British energy giant BP announced Sunday it was offloading its 19.75% stake in Rosneft, a Russian-controlled oil company. BP CEO
In this article @CL.1 @LCO.1 An oil pumping jack, also known as a “nodding donkey”, in an oilfield near Dyurtyuli, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020. Andrey Rudakov | Bloomberg | Getty Images Oil prices jumped Sunday evening after the U.S. and Western allies imposed sanctions on specific Russian banks,
A map shows the course of the Nord Stream 2 gas pipeline from Russia to Germany on the exterior of an informational booth close to the receiving station for Nord Stream 2 on February 02, 2022 near Lubmin, Germany. Sean Gallup | Getty Images Europeans have been suffering under painfully high energy prices in the
Russian army military vehicles are seen in Armyansk, Crimea, on February 25, 2022. Stringer | AFP | Getty Images Donations being funneled to the Ukrainian army in cryptocurrencies like bitcoin are in the millions of dollars, according to new data from blockchain analytics firm Elliptic. Research shows that $4.1 million in crypto has been raised
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