ConocoPhillips Co. signage is displayed on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Nov. 4, 2016. Michael Nagle | Bloomberg | Getty Images Higher oil prices and the potential for larger returns to shareholders makes ConocoPhillips a hard stock for investors to resist, according to Bank of
(Bloomberg) — Oil was little changed, giving up earlier gains as traders assessed an increase in gasoline stockpiles and technical signals suggesting the commodity’s rally was due for a pullback. Futures in London pared a gain of as much as 1.6% after testing a run to the key psychological $70-a-barrel mark. While an Energy Information
By Simon Alvarez Posted on May 6, 2021 There are disadvantages to being considered as the real-life Tony Stark. Just like his comic book counterpart, Elon Musk courts controversy on a relatively frequent basis, whether through his occasional off-the-cuff Twitter commentary or his stance on sensitive subjects. This was one of the reasons why there
Bim | E+ | Getty Images The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met, according to the International Energy Agency. A new report from the Paris-based organization, published Wednesday
A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma. J. Pat Carter | Getty Images The economy is entering the right time in the economic cycle for investors to bet on oilfield services and equipment stocks like Halliburton and Baker Hughes, Barclays said
(Bloomberg) — Oil climbed to the highest since the middle of March as reopening efforts and vaccination pushes from the U.S. to Europe underpin hopes for a return to normal demand in the world’s largest economies. Futures in New York gained 1.9% on Tuesday, the biggest daily jump in nearly three weeks, while gasoline futures
You may remember the controversial and rude statement from California’s Assemblywoman Lorena Gonzalez (District 80) from last year regarding Elon Musk, the CEO of Tesla, which specializes in both electric vehicles and home energy solutions that include rooftop solar. Recently, Gonzalez not only backed but amended AB 1139, which could bring the state’s rooftop solar
By Joey Klender Posted on May 5, 2021 Lucid Motors has announced that it has appointed former Waymo Treasurer and Head of Investor Relations Sherry House as its Chief Financial Officer ahead of the automaker’s decision to become a publicly-traded company. Along with the addition of House to the Lucid executive team, the company has
Yamaha has been slowly clawing its way back to relevance in the electric motorcycle industry, determined not to be passed by a new wave of electric two-wheeler startups. Now we’re getting our first look at the production version of the upcoming Yamaha E01 electric scooter, which could be a big leap forward for the company.
In this article MS US President Joe Biden delivers remarks and participates in the virtual Leaders Summit on Climate Session 5: The Economic Opportunities of Climate Action from the White House in Washington, DC, on April 23, 2021. Jim Watson | AFP | Getty Images President Joe Biden’s allies in the business community have been
Workers cut up coal carts in Dec. 2019 at a coal mine in Mentougou, west of Beijing, where many mines have been shut as China scrambles to cut carbon emissions. Greg Baker | AFP | Getty Images BEIJING — China’s bond defaults are increasingly concentrated in a part of the country whose growth could face
Oil tanks at an oil processing facility of Saudi Aramco, a Saudi Arabian state-owned oil and gas company, at the Abqaiq oil field. Stanislav Krasilnikov | TASS via Getty Images Oil giant Saudi Aramco reported a 30% jump in net income Tuesday, in a sign of a continued recovery from the previous year’s oil market
Santos (ASX: STO) and Eni (NYSE: E) reported Monday that they have signed a memorandum of understanding (MOU) to cooperate on opportunities in northern Australia and Timor-Leste. The non-binding MOU reflects both companies’ intent to collaborate – along with other parties in the region – to use existing infrastructure more efficiently, develop regional gas resources,
Originally posted on EVANNEX. For many kids after college, getting a job isn’t so easy. Even if you’re Elon Musk. It turns out that Musk had failed in his efforts to land a job in the internet industry back in 1995. Elon Musk at Tesla Model Y unveiling. According to News18, “Musk, now known for revolutionizing the electric vehicle market,
By Simon Alvarez Posted on May 4, 2021 Tesla is no stranger to entities that are actively betting against it. Being one of the most shorted companies for years means that it is used to attacks from several fronts. But recently, Tesla ended up on the receiving end of what could very well be the
In this article .SPNY Energy has gone from first to worst. Energy stocks sank Friday, ending April as the month’s worst-performing sector despite slightly stronger-than-expected earnings from oil giants Exxon Mobil and Chevron. It is nevertheless the top-performing sector for 2021, up nearly 30%. In an interview Friday with CNBC’s “Trading Nation,” Craig Johnson, senior
The overall U.S. rotary rig count increased by two to 440 drilling units this week, Baker Hughes Co. (NYSE: BKR) reported Friday. In its weekly count of operating rigs Baker Hughes noted the U.S. oil rig tally declined by one to 342. The U.S. gas rig total grew by two to 96 and miscellaneous rig
One of India’s leading renewable energy companies — Tata Power Renewable Energy — has announced plans for a public listing of its infrastructure investment trust or yieldco. The news of possible public listing of the yieldco comes just days after multiple media outlets reported that talks to onboard Malaysian petroleum giant Petronas had fallen through.
By Simon Alvarez Posted on May 2, 2021 Over the past weeks, Tesla China found itself involved in a controversy surrounding its vehicles’ alleged brake failures. This came to a head at the Shanghai Auto Show, when a former Tesla owner protested in the EV maker’s booth by standing atop a Model 3 and loudly
Aventon has long offered some of the sleekest e-bikes available in the realistic every-man’s price range. Until today, the company’s e-bikes all ranged from $1,199 to $1,699. With the launch of the new Aventon Aventure fat tire e-bike, Aventon has managed to expand into the adventure class of e-bikes without seeing a huge price bump.