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Entertainment

Warren Buffett’s Favorite Stock Soars, Netflix Fumbles: These Are The Best And Worst Performing Stocks Of 2022

Topline Amid the market’s worst first half of a year in over five decades, tech and cruise line stocks have been among the worst performers in the S&P 500, while energy, healthcare and consumer companies have all seen shares outperform despite rising recession fears. Tech stocks and cruise lines are among some of the biggest […]

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World

China continues to snap up Russian coal at steep discounts

This photo taken on October 24, 2021 shows coal being loaded on a cargo ship in Jiujiang, in China’s central Jiangxi province. STR | AFP | Getty Images Russia’s coal shipments to China have been rising even though overall shipments to China have declined, new data from S&P Global Market Intelligence showed. Russian seaborne coal […]

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Science

Energy & Environment — Feds set to hold oil and gas lease sales this week

The Biden administration is gearing up for new oil and gas drilling, while the G-7 is also putting out messaging that’s favorable to natural gas. This is Overnight Energy & Environment, your source for the latest news focused on energy, the environment and beyond. For The Hill, we’re Rachel Frazin and Zack Budryk. Subscribe here.  Interior set to hold […]

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World

G7 leaders discuss price cap on Russian oil over Ukraine invasion

G7 leaders meeting in Germany discuss plans to reduce Russian revenues from oil exports amid a surge in energy prices. Leaders of Group of Seven (G7) nations have discussed plans to cap the price of Russian oil in order to put the squeeze on Moscow, which is benefiting from soaring energy prices, and cut off […]

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Business

With or without a federal gas tax holiday, here are 4 ways to save money at the pump

The recent run-up in gasoline prices is now being felt nearly across the board. The national average for a gallon of gas is currently $4.94 after topping $5 per gallon for the first time ever earlier this month, according to AAA. Last year at this time, the price was $3.07 per gallon. The increase has put a severe […]

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Business

World’s largest hybrid ship set to ferry passengers between Britain and France

An artist’s impression of the Saint-Malo at sea. According to Brittany Ferries will have a battery capacity of 11.5 megawatt hours. Brittany Ferries A ship set to carry passengers between the U.K. and France in the next few years will be the largest hybrid-vessel ever built, according to operator Brittany Ferries. In a statement Tuesday, […]

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Business

Obama boasted about opposing federal gas tax holiday before 2008 election — Biden now wants one

U.S. President Joe Biden stands with former President Barack Obama during an event on the Affordable Care Act, the former president’s top legislative accomplishment, in the East Room at the White House in Washington, U.S., April 5, 2022. Leah Millis | Reuters Former President Barack Obama called opposing a federal gas tax holiday “one of […]

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Business

Watch: President Biden calls for federal gas tax holiday

[The stream has ended.] President Joe Biden on Wednesday called on Congress to create a three-month federal holiday for gas and diesel fuel taxes. Biden also asked individual states to suspend their own levies on gas and diesel. The move comes a week after the average price of a gallon of gasoline in the United […]

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World

UK bolsters gas stockpile for winter with Ukraine war squeezing supply and sending prices soaring

Russia is a significant supplier of oil and gas. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons following its invasion of Ukraine. Sean Gladwell | Moment | Getty Images Norwegian energy firm Equinor said Thursday it would deliver extra gas to the U.K.’s Centrica over the next three […]

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Business

Oil giant BP buys 40.5% stake in massive renewables and green hydrogen project

A BP logo photographed in London on May 12, 2021. The International Energy Agency recently reported that 2021 saw energy-related carbon dioxide emissions rise to their highest level in history. Glyn Kirk | Afp | Getty Images Oil and gas supermajor BP has agreed to take a 40.5% equity stake in the Asian Renewable Energy […]