Red Sea crisis poses “very real risk” to oil, Chevron CEO says
The crisis in the Red Sea poses serious risks to oil flows and prices could change quickly if tensions lead to a major supply disruption in the Middle East, Chevron…
U.S. expands Red Sea defense as Houthis disrupt trade
Mock drones and missiles are displayed at a square on December 07, 2023 in Sana’a, Yemen. Mohammed Hamoud | Getty Images U.S. officials on Monday expanded a multinational maritime force…
Maersk begins rerouting via southern Africa
Danish shipping giant Maersk confirmed on Tuesday that its vessels due to transit the Red Sea and Gulf of Aden would take the Cape of Good Hope route around the…
Global supply chains face another major hit as ships avoid Suez Canal
Tihama, a Maltese Flag container ship of shipping line Hapag-Lloyd, at a European dock on August 13, 2022. Thierry Monasse | Getty Images News | Getty Images BP has become…
‘Top conviction call:’ Analysts say time to buy oil, energy stocks
Energy stocks been laggards for much of this year, and were the only sector not to rise in the hot November rally — but some analysts are still bullish. In…
Why oil companies Shell and BP are building solar on farmland
At Elm Branch Solar Farm, about an hour south of Dallas, Texas, a flock of sheep grazes among a vast field of solar panels. The flock’s shepherd, Amanda Stoffels, watches…
From Bill Gates to the pope, talk of carbon capture is dividing society
This image from 2016 shows a carbon capture project in Texas. Houston Chronicle/hearst Newspapers Via Getty Images | Hearst Newspapers | Getty Images The U.N. Climate Change Conference (COP28) is…
What tie-ups in the U.S. oil patch could mean for Coterra Energy
Exxon Mobil ‘s (XOM) planned deal to buy Pioneer Natural Resources (PXD) has sparked talk of more consolidation in the oil-and-gas industry. While we don’t own companies as mergers-and-acquisition plays,…
Top oil CEOs join CNBC at ADIPEC to discuss the energy transition
Major oil executives, policymakers and ministers convene in Abu Dhabi at ADIPEC this week to discuss energy markets as the world grapples with a transition to clean energy. It comes…
California sues Chevron, Exxon, oil giants on climate change deception
The state of California on Friday filed one of the most significant cases against major oil companies for their role in perpetuating climate change. The 135-page legal complaint, filed through…