Exxon is the best oil stock, as its big bet on cutting carbon emissions should pay off, UBS says
Exxon’s investments in slashing carbon emissions will play an increasingly important role in the oil major’s business over the long term, UBS said.
Exxon’s investments in slashing carbon emissions will play an increasingly important role in the oil major’s business over the long term, UBS said.
Higher fuel prices are on the cards if President-elect Donald Trump implements tariffs on Canada, said industry experts.
"Saudi Arabia has poured tens of billions into projects that have yet to hint of any financial returns," one financier told CNBC.
CNBC’s Jim Cramer said that stocks related to oil and natural gas will thrive under President-elect Donald Trump.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Moscow’s full-scale invasion of Ukraine roiled global energy markets in 2022 as European nations sought to end their dependence Russian natural gas.
The CEO has denied that climate change is a global crisis that requires a transition away from fossil fuels.
U.S. crude oil is down more than 2% this week, while Brent has shed nearly 2%.
UBS slashed its price forecast for global benchmark Brent to $80 per barrel on weakening demand in China, the world’s largest crude importer.
Neom is set to host hyper-futuristic cityscapes and structures — but financial pressures on the kingdom are changing.