Energy

[This stream is expected to start at 07:00 ET. Please refresh the page if you do not see a player above at that time.] CNBC’s Hadley Gamble hosts a panel with top political and business leaders on Middle East unrest at the World Economic Forum in Davos. The CNBC anchor is joined by former Lebanese

Prime Minister Scott Morrison visits a fire damaged property on Kangaroo Island on January 8, 2020. David Mariuz | Pool | Getty Images The Australian prime minister has received praise for his leadership in tackling devastating bush fires that have flared for months. Protestors marched across most of Australia’s state capital cities earlier this month,

This image shows Equinor’s Johan Sverdrup oil field in the North Sea west of Stavanger, Norway, on January 7, 2020. Carina Johansen | NTB Scanpix | Getty Images The European Union has awarded 10 million euros ($11.05 million) in funding to a scheme that is aiming to install an ammonia-powered fuel cell on a ship.

A militia member checks the body temperature of a driver on a vehicle at an expressway toll gate in Wuhan in central China’s Hubei province Thursday, Jan. 23, 2020, in a bid to contain the spread of the new coronavirus. Barcroft Media | Getty Images Oil is on track for its worst week since May

Jean-Paul Pelissier | Reuters Oil prices edged up on Friday, helped by a decline in U.S. crude stockpiles, but were on track for to fall up to 5% for the week on worries that the China coronavirus that has killed 25 so far may spread, curbing travel, fuel demand and economic prospects. Brent crude futures

Uber is set to offer drivers in the U.K. electric cars from Nissan at a discount, as part of a broader push by the company to tackle air pollution. Uber Uber will offer drivers in the U.K. electric cars from Nissan at a discount, the company said Friday, as it faces a potential ban in

Michael Wirth, CEO, Chevron, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galasia | CNBC Chevron CEO Michael Wirth told CNBC on Thursday that oil prices may not reach $100 for a “long time” thanks to the boom in U.S. shale production. “Oil markets have really changed over the last

A truck used to carry sand for fracking is washed in a truck stop in Odessa, Texas. Getty Images Oil prices fell to their lowest in seven weeks on Thursday, sliding more than 1% on concern that the spread of a respiratory virus from China may lower fuel demand if it stunts economic growth in

Microsoft CEO Satya Nadella speaks during a climate initiative event at the tech giant’s campus in Redmond, Washington, on Jan. 16, 2020. David Ryder | Bloomberg | Getty Images Microsoft shook up the debate about global warming last week by vowing to make its operations carbon negative — meaning it will take more carbon out

Outgoing BP chief Bob Dudley on Wednesday criticized sweeping climate proposals from Sen. Bernie Sanders, a top-tier 2020 Democratic presidential candidate, and Rep. Alexandria Ocasio-Cortez, a champion of the far-left. “They have a completely unrealistic idea of the complexity of the global energy system,” Dudley told CNBC’s “Squawk Box” from the World Economic Forum in Davos, Switzerland.

Jean-Paul Pelissier | Reuters Oil prices eased on Wednesday, extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya’s crude output. Brent crude was down 24 cents, or 0.4%, at $64.35 a barrel at 0309 GMT, after dropping 0.3% on Tuesday.

GP: Electric car charging night nrqemi | iStock | Getty Images The U.K. government is set to double the funding for the installation of electric vehicle charge points on residential streets to £10 million ($13.06 million). In an announcement Tuesday, the government said the money – which will be for installations next year – could

Bank of America CEO Brian Moynihan says money will keeping flowing to environment, social and governance funds (ESG) as more investors send the message that they want to own companies with a mission that aligns profits with broader social goals. “We have $25 billion in ESG funds, and more is going there,” Moynihan said on

Iraq doesn’t want to be caught in a “tug of war” between the U.S. and Iran, according to the chief executive officer of a UAE-based oil and gas company. “It’s perhaps a bit late, but (Iraq is) trying to avoid becoming — long term — a battleground between the two sides,” Majid Jafar, CEO of Crescent

This image shows Vestas’ V90-3MW wind turbines being used at the Kentish Flats Windfarm in England. John Turp | Moment | Getty Images Danish firm Vestas said Monday that it was aiming to produce “zero-waste” wind turbines by the year 2040. The wind turbine manufacturer explained that its goal would mean operating a value chain

An Iraqi worker gauges gas emissions from an oil pipe at the Daura oil refiner Getty Images Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to

DUBAI, United Arab Emirates — Dubai-based start-up Cafu is expanding its fuel-delivery operations to Oman, marking its first international market entry since it began services in November 2018. “We are humbled to be able to take our homegrown innovative services from Dubai to the world, starting today with Oman,” Cafu Founder and CEO, Rashid Al

GE’s Haliade-X wind turbine has a 12 megawatt generator and stands 260 meters tall. GE Renewable Energy Construction work for a huge offshore wind farm in the North Sea is underway. In an announcement Friday, energy firm SSE said that onshore work for the 3.6 gigawatt (GW) Dogger Bank Wind Farms project had begun near

Worldwide oil demand forecasts may be lower than in previous years, but OPEC Secretary-General Mohammed Barkindo said Friday to CNBC that demand growth is still “robust” and could surprise to the upside over the course of 2020 as trade tensions subside. “By and large what we see from our side is an upside potential of

Mark Carney, the outgoing Governor of the Bank of England. Matt Dunham | WPA Pool | Getty Images Mark Carney, the outgoing governor of the Bank of England, has been named as the U.K. Prime Minister Boris Johnson’s finance advisor for this year’s COP26 climate change conference in Scotland. In an announcement Thursday, the Bank

An Iranian flag flutters on board the Adrian Darya oil tanker, formerly known as Grace 1, off the coast of Gibraltar on August 18, 2019. Johnny Bugeja | AFP | Getty Images Oil prices were steady on Friday as reports of sluggish economic growth in China, the world’s biggest crude importer, raised concerns about future fuel demand

INA FASSBENDER | AFP | Getty Images Germany’s federal government and the four German states where lignite – or brown coal – is mined have agreed to “a way forward” for the phase out of coal-fired power stations in the country. In an announcement Thursday, the federal government said it would provide 40 billion euros

The Hyundai Motor Company and Kia Motors Corporation have made a 100 million euro ($111.65 million) investment in Arrival, a little-known U.K. based start-up specializing in electric vehicles. According to Arrival, the investment values the company, which was established in 2015, at a staggering 3 billion euros. J.P. Morgan led the firm’s funding round and

Solar photovoltaic (PV) panels on the roof of Hackney council estate Bannister House in London, United Kingdom. Andrew Aitchison | In Pictures | Getty Images The cost of producing electricity from solar energy has in the last two years been lower than that of fossil fuels — and that “permanent change” will limit how high oil

Ursula von der Leyen, the President of the European Commission. Philipp von Ditfurth | picture alliance | Getty Images The EU aims to use 1 trillion euros (around $1.11 trillion) for “sustainable investments” across the coming decade. Brussels released details of its “European Green Deal” back in December, describing it as a “roadmap” to make

A bulldozer moves coal that will be burned to generate electricity at the American Electric Power coal-fired power plant in Winfield, West Virginia. The Trump administration in June implemented a new rule that will keep coal-powered plants open longer. Luke Sharrett | Bloomberg | Getty Images Every year, BlackRock CEO Larry Fink releases a highly

BlackRock CEO Larry Fink‘s warning about risks from climate change on investments makes a company like electric auto maker Tesla quite attractive, CNBC’s Jim Cramer said Tuesday. Fink — whose company is the biggest money manager in the world with nearly $7 trillion in client assets — used his annual letter to CEOs to sound

GM plans to expand an off-road sub-brand called AT4 across its vehicle lineup in 2020. GM DETROIT – General Motors wants to replicate the success of its “money machine” Denali lineup of pickups and SUVs to boost profits as auto sales slow and competition in the lucrative truck market increases. The Detroit automaker is expanding

This handout image supplied by the IIPA (Iran International Photo Agency) shows a view of the reactor building at the Russian-built Bushehr nuclear power plant as the first fuel is loaded, on August 21, 2010 in Bushehr, southern Iran. Getty Images After more than 18 months of sticking up for the Iran nuclear deal after

Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh on Sept. 15, 2019. Fayez Nureldine | AFP | Getty Images Oil prices edged higher on Tuesday as investors focused on the signing of a preliminary trade deal between the United States and China, the world’s top oil consumers, and on expectations of a drawdown

Roger Milley | E+ | Getty Images While the stock market has boomed, energy stocks have not. Indeed, they have been the worst-performing sector over the last decade. Moreover, energy has dropped from 15% in 1990 to only 5% of the S&P 500 sector weightings in 2019. This is particularly ironic, since U.S. oil and

A worker fixes the isolation above the engine block of a Macan sports utility vehicle (SUV) on the production line inside the Porsche Leipzig GmbH factory in Leipzig, Germany, on Thursday, Dec. 13, 2018. Krisztian Bocsi | Bloomberg | Getty Images German high-performance car manufacturer Porsche has revealed that 2019 was a record year for

Space X CEO Elon Musk Photo by Kevork Djansezian For a long time, American space exploration was a closed circle: There was just one customer, the U.S. government (NASA) and a handful of giant defense contractors. Then in 2008 Elon Musk’s SpaceX put the first privately-financed rocket into orbit, Jeff Bezos’ Blue Origin promised private

Oil prices would skyrocket if Iran moved to completely cut off the Strait of Hormuz, energy analysts told CNBC on Wednesday. Elevated geopolitical tensions have sparked fears of a widening conflict in the Middle East, with energy market participants increasingly concerned that the fallout could soon disrupt regional crude supplies. It has thrust the world’s

Energy expert Tom Kloza expects oil prices to resume rallying on renewed hostilities with Iran. But Kloza, who runs global energy analysis for the Oil Price Information Service, believes the bullish activity is temporary. “We’re in the seventh or eighth inning of a rally that’s sustainable,” he told CNBC’s “Trading Nation” on Tuesday. “I’m pretty

The Mercedes-Benz Vision AVTR concept vehicle was unveiled on Jan. 7, 2020 at CES in Las Vegas. Screenshot Sony produced a car, Mercedes-Benz unveiled an out-of-this-world concept vehicle, and Uber teamed up with Hyundai to showcase their visions for a flying taxi. These were among the top automotive announcements this week from the CES technology

One of the five wind turbines at the Block Island Wind Farm, located in waters off Rhode Island. Don Emmert | AFP | Getty Images Siemens Gamesa Renewable Energy (SGRE) has been chosen as the preferred turbine supplier for the 2.64 gigawatt (GW) Dominion Energy Virginia Offshore Wind project, also known as the Coastal Virginia

A worker adjusts a valve of an oil pipe in Zubair oilfield in Basra, Iraq. Essam Al-Sudani | Reuters Investors are worried about possible attacks on oil facilities in Southern Iraq that could affect crude supplies into Asia, an analyst told CNBC on Thursday. Iraq is the second-largest oil producer in OPEC, the Organization of

Alex Tai | SOPA Images | Getty Images The world’s largest brewer, AB InBev, has signed a deal with renewable energy developer BayWa r.e that will see the drinks giant purchase 100% renewable electricity for its brewing operations in Europe. Under the 10-year virtual power purchase agreement, announced on Thursday, the brewer will be supplied

The biggest black swan event in the oil market is a disruption to the most critical chokepoint in the Middle East, according to an analyst from S&P Global Platts. “The market is extremely exposed to any disruption to vessel traffic in the Strait of Hormuz,” Dave Ernsberger, the firm’s global head of commodities pricing, told

A drilling crew member on an oil rig in the Permian Basin near Wink, Texas.  Nick Oxford | Reuters Core Laboratories‘ decision to cut its dividend in late December illustrates the oil market’s tough future, CNBC’s Jim Cramer said Wednesday. “Management wouldn’t cut it unless they had some serious long-term concerns that the oil industry

Members of the Hashed al-Shaabi paramilitary force walk above a portrait of US President Donald Trump as they hold a condolences meeting following the killings of Iranian commander Qassem Soleimani and Iraqi paramilitary commander Abu Mahdi Al-Muhandis, on January 6, 2020 in Karrada in central Baghdad. Ahmad Al-Rubaye | AFP | Getty Images The latest

Employees work at the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Saudi Aramco shares opened at their lowest point since the state-run oil company’s market debut on December 11. On Wednesday, shares began trading on the Saudi Tadawul stock exchange at 34 riyals ($9.06),

US President Donald Trump speaks during a meeting with Greek Prime Minister Kyriakos Mitsotakis in the Oval Office of the White House in Washington, DC, January 7, 2020. Saul Loeb | AFP | Getty Images WASHINGTON — President Donald Trump has responded to Tuesday night’s attack by Iran on US and coalition forces stationed at

This image shows turbines at Duke Energy’s Los Vientos wind farm, which is located a few miles from the Mesteno Windpower project. Duke Energy Turbine blades have started spinning at Duke Energy Renewables’ 200 megawatt Mesteno Windpower project in Starr County, Texas. In an announcement Monday, Duke Energy said that the facility, with its 56

A plug-in hybrid electric model of the Jeep Compass was showcased at the Geneva International Motor Show in March 2019. Fiat Chrysler DETROIT – Three new hybrid electric Jeep models are making their domestic debuts at the annual CES technology conference in Las Vegas this week as part of Fiat Chrysler’s plans to electrify all

Tankers depicted in the Strait of Hormuz — a strategically important waterway which separates Iran, Oman and the United Arab Emirates. ATTA KENARE | AFP | Getty Images A critical gateway to the world’s oil industry has been thrust back into the global spotlight, following a dramatic escalation in geopolitical tensions since the targeted killing

Oil prices jumped 1% during Monday trading — building on Friday’s gains — as tensions in the Middle East escalated over the weekend. Following Thursday’s death of top Iranian commander Qasem Soleimani, on Sunday an Iranian state-run television broadcast said that the nation would no longer respect uranium enrichment restrictions set forth in 2015’s nuclear