Browsing Category
Energy
WTI, Brent head to weekly loss
Crude oil futures on Friday posted a loss for the week, as a looming supply glut and a strong dollar depresses the market.U.S. crude oil lost nearly 5% this week, while Brent has declined nearly 4%.Here are Friday's closing energy…
Energy supplier switching returns to pre-crisis levels
Energy supplier switching in the UK has reached its highest point since April 2021, marking a return to pre-energy crisis levels.According to new data from ElectraLink, 475,000 consumers switched energy suppliers in October 2024, a 76%…
Our lone oil-and-gas stock strikes 2 smart deals — plus, AMD sharpens its
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks lost some momentum in afternoon trading after the…
UK sets out key goals for COP29
Secretary for Energy Security and Net Zero, Ed Miliband, detailed the UK’s focus areas for the COP29 climate summit in Baku, Azerbaijan.Ed Miliband highlighted the need for a new international climate finance goal to succeed the $100…
Private prison stocks jump on Trump appointment of immigration hard-liner
A guard escorts an immigrant detainee from his 'segregation cell' back into the general population at the Adelanto Detention Facility, managed by GEO Group.Getty ImagesPrivate prison stocks rose Monday after President-elect Donald Trump…
Octopus Energy’s offshore wind tariff saves Grimsby residents on energy
Octopus Energy’s first-ever offshore wind tariff has delivered significant savings to customers from Grimsby to Skegness.The ‘Fan Club’ tariff has been running for one year, saving customers an average of nearly £200 annually, with the…
Fintechs Upstart and Toast soar on earnings
Chris Comparato, CEO, the Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021.Source: NYSEUpstart, which uses artificial intelligence to inform online lending decisions, soared 46% on Friday, its best day in over three…
Ofgem plans faster clean energy grid connections
Ofgem has unveiled new proposals to speed up grid connections for wind, solar, and storage projects, helping Britain reach its clean energy target by 2030.This plan will prioritise projects that can go live within five years and…
FTX’s Caroline Ellison reports to prison to begin 2-year sentence
Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives at court in New York, US, on Tuesday, Sept. 24, 2024.Michael Nagle | Bloomberg | Getty ImagesCaroline Ellison, the star witness in the prosecution of FTX…
Ofgem seeks input on 2028 electricity price control framework
Ofgem has launched a consultation on its proposed framework for the ED3 electricity distribution price control period, which will run from April 2028.This consultation will gather insights from various stakeholders, including those who…