UAE reportedly planned to use COP28 climate summit to lobby for oil and gas deals
COP28 will be held in Dubai, with scores of world leaders and government ministers from nearly 200 countries expected to attend.
What to expect from OPEC meeting as traders digest recent price ‘carnage’
A “stunned” oil market is looking for stability after OPEC’s meeting delay as traders digest the “carnage that the price action has endured,” according to PVM.
Oil and gas industry needs to let go of carbon capture as solution to climate change, IEA says
The oil and gas industry faces a reckoning over its role in the clean energy transition, according to an International Energy Agency report.
Citi expects this underperforming oil and gas stock to turnaround next year with 16% upside
Ovintiv’s stock collapsed earlier this year but the oil and gas company is primed for a turnaround next year, according to Citibank.
Oil group OPEC and its allies delay policy-setting meeting by four days
A meeting of the influential Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, has been rescheduled.
U.S. gas prices are falling and could hit the cheapest Thanksgiving day price since 2020
Gas prices have fallen for nine weeks now on a seasonal weakening of demand and a drop in crude oil prices.
U.S. crude oil fell into a bear market this week and could head lower as China ‘haunts the market’
The bearish narrative is driven by worries that supply is increasing as demand threatens to slow in the U.S. and China.
Coal use needs to be slashed seven times faster to meet emissions target, analysis finds
The authors of the report propose a raft of measures that need to be taken if climate goals are to be reached.
Cramer says the Fed’s efforts to squash inflation are now hurting stocks like Walmart
“Saying goodbye to inflation is sweet, but there’s a little momentary sorrow, too,” Cramer said.
With oil and natural gas under pressure, Cramer says now is the time to buy Coterra stock
Oil and natural gas prices tumbled further Thursday, dragging down Club holding Coterra Energy (CTRA) and other energy stocks along the way.