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Energy
Trump opposes Russia or China taking Iran’s highly enriched uranium
U.S. President Donald Trump speaks during a cabinet meeting in the Cabinet Room at the White House, in Washington, D.C., U.S., May 27, 2026. Evan Vucci | ReutersPresident Donald Trump on Wednesday poured cold water on the prospect of…
Investors ‘afraid’ to take oil positions amid potential Hormuz fees
Global oil markets were volatile on Tuesday, reflecting investor jitters over possible Iranian plans to impose a permanent fee on ships crossing the Strait of Hormuz as part of any peace agreement with the U.S.International Brent crude…
Why Europe’s electricity prices threaten its AI ambitions
Europe wants to position itself as a leader in AI and compete with the U.S. and China — but experts told CNBC that its soaring energy prices could undermine those ambitions.The region is looking to get ahead in the AI arms by ramping up…
India’s investment appeal dims as firms and funds pivot to the U.S.
Hello, this is Priyanka Salve, writing to you from Singapore.Welcome to the latest edition of "Inside India" — your one-stop destination for stories and developments from the world's fastest-growing large economy.As global capital races…
Spirit Airlines’ collapse, high gas prices, airfares test limits of summer
Travelers walk through the terminal at Ronald Reagan Washington National Airport on May 1, 2026.Leslie Josephs | CNBCHigher fuel prices are testing how badly consumers want to travel this summer, whether flying or driving.Airfare hasn't…
U.S. drivers pay the highest gas prices in four years this Memorial Day
U.S. drivers will pay gasoline prices near four-year highs when they fuel up for travel over the long Memorial Day weekend and should expect more pain at the pump this summer if the Strait of Hormuz does not reopen. The average gasoline…
An AI trade involving energy and infrastructure that’s doubled your money,
(This is CNBC's "Power Insider" newsletter, your inside look at the investments, people and companies powering the global energy industry. Click here to subscribe.)POWER POINTWhat I'm hearing from energy insidersOil prices are off their…
UAE says new pipeline that will bypass Strait of Hormuz is nearly 50%
The United Arab Emirates has built nearly 50% of a second pipeline that will bypass the Strait of Hormuz, said the CEO of Abu Dhabi National Oil Company, or ADNOC, on Wednesday. "Right now, too much of the world's energy still moves…
After U.S. SEC, Treasury and Justice Department offer Adani legal relief
Gautam Adani, chairman of Adani Group, visits the VIP jetty ghat during the Kumbh Mela festival in Prayagraj, Uttar Pradesh, India, on Jan. 21, 2025. Photographer: Indranil Aditya/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty…
Iran oil shock may deplete global stockpiles until 2027
LONDON - Global oil stockpiles are plummeting and inventories may not recover until December 2027, strategists warn, with physical shortages potentially looming over Europe by the end of this month.Jeff Currie, executive co-chairman at…