sharp drop in second-quarter profit
Saudi Aramco said strong market conditions helped to push its second quarter net income to $48.4 billion, up from $25.5 billion a year earlier. Maxim Shemetov | Reuters Saudi state …
Oil and Gas
Oil eases from 4-month high as rally takes a breather
Bill Ross | The Image Bank | Getty Images Oil prices eased from four-month highs as crude’s summer rally takes a breather. Global benchmark Brent futures traded lower by 0.7% at …
European gas prices expected to rise amid Australia LNG supply fears
Liquefied natural gas (LNG) storage units at Grain LNG importation terminal, operated by National Grid Plc, on the Isle of Grain on August 22, 2022 in Rochester, England. Dan Kitwood …
Occidental, Climeworks winners as Biden allocates $3.5B for CO2 removal
Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks The U.S. Department of Energy is investing up to $1.2 billion in giant vacuums that suck carbon out …
There’s a new narrative in markets
Drilling rigs sit unused on a companies lot located in the Permian Basin area on March 13, 2022 in Odessa, Texas. Joe Raedle | Getty Images News | Getty Images …
Markets have a new narrative
An oil pumpjack pulls oil from the Permian Basin oil field on March 14, 2022 in Odessa, Texas. Joe Raedle | Getty Images This report is from today’s CNBC Daily …
Jim Cramer’s top 10 things to watch in the stock market Monday
My top 10 things to watch Monday, August 14 1. It’s a big week of retail earnings. Is Target (TGT) undervalued? Is Walmart (WMT) overvalued? Is Club name TJX Companies …
Top China official urges more secrecy in the country’s energy sector
SHENZHEN, CHINA – MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. General economic slowdown continues in China while the property price and …
Jim Cramer sees a ‘new king’ in trucking and a ‘golden age’
Morgan Stanley’s decision Tuesday to boost its price target on XPO Logistics (XPO) to $65 a share, from $45, could signal a “new king” in the trucking-and-logistics industry, CNBC’s Jim …