[ad_1] London CNN Business — The world may be losing the fight against the climate crisis, but investors are still willing to throw money at oil and gas companies. That’s one lesson from the initial public offering on Wednesday of Ithaca Energy, a North Sea oil and gas producer — …
Read More »Tourists held by Peruvian indigenous group protesting oil spill will be released, says official
[ad_1] CNN — A group of tourists traveling in the Peruvian Amazon, who were detained on Thursday by an indigenous community demanding government action over an oil spill, will be released Friday, Abel Chiroque, head of the ombudsman office in Loreto, told CNN. “We have been in touch with the …
Read More »Dow surges more than 800 points on the back of record oil profits
[ad_1] New York CNN Business — Stocks rallied heading into the weekend, despite lousy results from Amazon. Solid earnings from Apple and record profits from oil giants Chevron and Exxon Mobil were enough to counter the weak outlook from the retail and cloud giant. The Dow, which has Apple (AAPL) …
Read More »America and Saudi Arabia are locked in a bitter battle over oil. The stakes are massive
[ad_1] New York CNN Business — The relationship between the United States and Saudi Arabia is one of the most important on the planet. And lately, it’s also been one of the most awkward. Angry officials in Washington vowed “consequences” after Saudi-led OPEC sharply cut oil production earlier this month, …
Read More »Biden’s quiet campaign season brings him back to familiar territory in Pennsylvania
[ad_1] CNN — When President Joe Biden visited Pennsylvania on Thursday, he touted infrastructure investments that helped rebuild a collapsed bridge and raised campaign cash away from cameras with the state’s Democratic Senate candidate. Where he didn’t appear was a campaign rally stage. Three weeks before November’s elections, Biden’s visit …
Read More »Nearly 1 in 3 French gas stations out of at least one fuel
[ad_1] Paris CNN — Some 28.5% – nearly one third – of gas stations in mainland France are out of stock of at least one fuel, French Energy Transition Minister Agnes Pannier-Runacher told journalists Friday. In the Parisian Ile de France region, this figure is at 25.5% Friday, down from …
Read More »How Iran’s protests transformed into a national uprising
[ad_1] CNN — Nearly a month after the start of nationwide protests, parts of Iran now bear the hallmarks of battle zones, with flares lighting up skies, gunfire ringing out and bloody scenes recorded in video footage. “I am recording this video about the situation in Sanandaj,” said one demonstrator, …
Read More »A failed truce renewal in Yemen could further complicate US-Saudi relations
[ad_1] Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. Abu Dhabi, UAE CNN — After a rare six months of relative calm, Yemen’s warring sides last week failed to renew …
Read More »Biden has a big oil problem. Here’s what you need to know about the recent OPEC+ decision.
[ad_1] A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Washington CNN — With just weeks to go until the November midterms, four letters are haunting President Joe Biden and the Democrats: OPEC. Last week, the Organization …
Read More »Opinion: Biden’s extraordinary comment | CNN
[ad_1] Editor’s Note: Sign up to get this weekly column as a newsletter. We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN — “Can you tell me where we’re headin’?” Bob Dylan asks in his 1978 song “Señor.” Is it “Lincoln …
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