CNBC EnergyProtectionism around natural resources is surging, and could spell danger for commodities
Countries rich in natural resources have become increasingly protectionist over the past year as Covid-19 threatened their economies, a new study has shown.
Morgan Stanley slashes through the hype and picks 2 'green hydrogen' stocks
Green hydrogen has grabbed investors' attention lately as analysts see it as having massive potential amid the transition toward net-zero carbon emissions.
A sand shortage? The world is running out of a crucial — but under-appreciated — commodity
The world is facing a shortage of sand — and climate scientists say it constitutes one of the greatest sustainability challenges of the 21st century.
Oil surges after OPEC+ hold cuts, strong U.S. jobs growth
Investors were surprised that Saudi Arabia had decided to maintain its voluntary cut of 1 million bpd through April.
U.S. oil production won't return to pre-pandemic levels, says Occidental CEO
Occidental CEO Vicki Hollub says the recovery in crude oil demand is happening faster-than-expected, but she doesn't see a return to pre-Covid levels in the US.
WorldOilCanada idles oil sands as OPEC calls for greater unity among producers
The supply cuts out of Northern Alberta, following a surprise OPEC+ decision to not increase output next month, could add more support to the recent rally in crude prices. OPEC+ had been debating whether to restore as much as 1.5 million barrels a day of output in April but decided to wait.
Analyst roundup: What leading banks see coming from OPEC’s move
The surprise move by OPEC+ to maintain oil supply restrictions through April, coupled with Saudi Arabia’s decision to extend voluntary curbs, has stunned the global energy market. Prices surged again on Friday, with West Texas Intermediate topping $65 a barrel, and Brent climbing above $68.
Exxon’s CEO sees golden opportunities in carbon capture
Providing more detail on Exxon’s recently-announced efforts to commercialize low-carbon technologies, CEO Darren Woods stressed that partnering with outside investors would be a key objective. It would also mean Exxon would not need to fund large projects solely with its own cash.