Browsing Category
Energy
Energy Secretary Chris Wright says traffic in Strait of Hormuz is rising
United States Secretary of Energy Chris Wright speaks at the Gigawatt Summit on May 22, 2026 in Park City, Utah. Natalie Behring | Getty ImagesU.S. Energy Secretary Chris Wright said oil traffic has risen and will continue to expand in…
Iran war disruptions, Modi’s appeal to boost India’s hospitality sector
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.The conflict in the…
Iran has mined ‘large segments’ of Hormuz Strait, Secretary of State Rubio
US Secretary of State Marco Rubio testifies during a Senate Foreign Relations Committee hearing concerning the fiscal year 2027 budget for the State Department, on Capitol Hill in Washington, DC, on June 2, 2026. Brendan Smialowski | AFP…
Cook’s AI legacy at stake in final developer conference
Apple heads into next week's Worldwide Developers Conference with its stock near record highs, iPhone momentum improving and one unresolved question hanging over Tim Cook's final developer conference as CEO: Can Apple finally deliver the…
Big Tech’s AI ambitions pose a major power test for Europe
Cooling towers at the Dampierre-en-Burly nuclear power plant, operated by Electricite de France SA (EDF), in Dampierre-en-Burly, France, on Tuesday, May 3, 2022. EDF's falling nuclear production, combined with Russia's invasion of…
The three reasons why oil is staying below $100 a barrel
(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 insidersWith so many problems…
LG Energy Solution’s shares surge as much as 16% after landing major U.S.
An LG Energy Solution Co. battery cell at the InterBattery exhibition in Seoul, South Korea, on Wednesday, March 5, 2025. SeongJoon Cho | Bloomberg | Getty ImagesShares of LG Energy Solution closed 15.25% higher Thursday after its U.S.…
Nvidia, Meta, Walmart among top companies in adopting AI
It seems every company is obsessed with artificial intelligence these days, whether it's how the technology is transforming their industry or its effects on employees and customers. But the degree to which companies are using AI tools…
Oil markets bet on a swift end to Iran war. Investors may regret it
Oil futures are still pricing a quick resolution to the Iran war — but analysts warn that investors and consumers are likely to be left disappointed.Prices jumped more than 3% at one point early Thursday after the U.S. and Iran exchanged…
Exxon warns oil inventories will hit dangerously low levels due to Iran war
Gas prices are displayed at an Exxon station ahead of the Memorial Day weekend in Great Neck, New York, May 22, 2026.Shannon Stapleton | ReutersExxon Mobil warned Thursday that oil inventories will fall to record low levels in coming…