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20

Oil prices hold firm amid confusion over status of Gaza cease-fire proposal

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Oil prices are rising after falling 6% last week.

Exxon CEO says dispute with Chevron over Hess Guyana oil assets could drag into 2025

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Exxon claims right of first refusal on Hess' assets in Guyana under an agreement that governs a consortium developing the country's oil resources.

19

Chevron CEO says natural gas demand will outpace expectations on data center electricity needs

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Chevron CEO Mike Wirth says natural gas will play a key role in powering data centers as renewables still face challenges supplying peak demand.

15

Sunday, May 5

13

AI could drive a natural gas boom as power companies face surging electricity demand

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Natural gas producers are bullish on demand as they see significant upside from the immense energy needs of artificial intelligence and data centers.

Friday, May 3

17

Lithium giant Albemarle’s plans to reopen a rich mine in North Carolina will take years to complete

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Eric Norris, president of energy storage at Albemarle, said progress has slowed as the company faces headwinds from a collapse in lithium prices.

02

Coinbase reports first-quarter revenue beat after bitcoin rally leads to surge in profit

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Coinbase's quarterly results follow a big jump in the price of bitcoin from a year earlier, though the rally has stalled of late.

01

Coterra's smart pivot to oil from natural gas leads to an excellent first quarter and sweeter outlook

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Coterra Energy's production paid off in the first quarter, helping the oil-and-gas producer surpass Wall Street expectations.

Thursday, May 2

23

Block shares jump on better-than-expected first-quarter results

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Block's earnings report comes during a slide in the stock price tied to reports that U.S. prosecutors were probing the company's compliance practices.

21

FTC accuses ex-Pioneer CEO of colluding with OPEC, blocks him from Exxon board seat

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The FTC has decided to refer the allegations to the Justice Department for a potential criminal investigation, according to the Wall Street Journal.

18

U.S. crude oil bounces after hitting 7-week low on surging U.S. inventories

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Oil prices are under pressure from rising inventories, softening demand and higher for longer interest rates.

09

Oil giant Shell beats first-quarter profit estimates, launches $3.5 billion share buyback

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British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, boosted by higher refining margins and robust oil trading.

Wednesday, May 1

00

Exxon Mobil reaches agreement with FTC, poised to close $60 billion Pioneer deal

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The FTC will not block the deal now that the regulator and Exxon have reached a consent agreement, according to a source familiar with the matter.

22

'Basel III' bank rules could pose unexpected threat to Biden's green energy plans

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Renewable energy groups and congressional Democrats are raising alarms about potential harm to clean energy goals from a proposed banking regulation.

Stocks pop after Fed decision, oil plunges, earnings mixed — what to watch in the market

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Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

21

U.S. crude oil falls to $79 a barrel, seven-week low as stockpiles surge on lackluster demand

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A raft of data has demonstrated that inflation is proving stubborn, consumer confidence is falling and the U.S. economy is growing more slowly than expected.

15

Microsoft signs deal to invest more than $10 billion on renewable energy capacity to power data centers

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Microsoft and Brookfield Asset Management will develop 10.5 gigawatts of renewable energy, in a deal they describe as the largest of its kind.

02

Binance co-founder Zhao set to keep on growing his $33 billion fortune even as he heads to prison for four months

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Binance founder Changpeng Zhao expected to see his $33 billion personal fortune continue to climb while he's in prison.

Tuesday, Apr 30

22

Binance founder Changpeng Zhao sentenced to 4 months in prison after plea deal

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Five months after pleading guilty to money laundering violations, Binance founder Changpeng Zhao was sentenced to four months in prison.

13

Binance's billionaire founder to find out if prison time is coming — here's what lawyers are expecting

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Binance founder Changpeng Zhao will find out in a federal courtroom in Seattle whether he will be spending time in prison.

Monday, Apr 29

09

JPMorgan’s calls for a reality check on energy transition are sensible, UAE energy minister says

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The energy minister of the UAE concurred with JPMorgan's calls for there to be a "reality check" on the world's energy transition goals and pathway.

Saturday, Apr 27

18

‘This is a unique time’: ARK Invest’s chief futurist tackles tech innovation from AI to robotics

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ARK Invest's chief futurist Brett Winton lists five groups in the heart of tech innovation.

Friday, Apr 26

21

Exxon is working on tech to remove CO2 from atmosphere but a breakthrough is needed to slash costs

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Exxon CEO Darren Woods said the technology is currently unaffordable with CO2 removal costing between $600 to $1,000 per ton.

15

Exxon stock falls as earnings miss on lower natural gas prices and squeezed refining margins

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Exxon Mobil's first-quarter earnings missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices.

13

Chevron beats earnings estimates but profit falls on lower refining margins and natural gas prices

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Chevron produced 1.57 million barrels of oil equivalent daily in the U.S. for the quarter, an increase of 35% over the same period last year.

Thursday, Apr 25

22

Oil rises 1% as market weighs disappointing economic data against geopolitical risk

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Gross domestic product was much softer than expected in the first quarter, which could weigh on crude oil demand.

Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns

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Oil prices could rise to $102 per barrel if a major conflict in the Middle East breaks out involving one or more oil producers, according to the World Bank.

Wednesday, Apr 24

21

U.S. oil pulls back below $83 as more crude shipments arrive after delays due to Red Sea disruption

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The market looks somewhat bearish at the moment with global oil inventories rising, according to Goldman Sachs.

17

Solar manufacturers petition U.S. to impose tariffs on imports from four Southeast Asian nations

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First Solar and six other manufacturers allege that companies in Cambodia, Malaysia, Thailand and Vietnam are dumping solar cells on the U.S. market.

08

‘A real wildcard’: World’s largest wealth fund issues inflation warning on hot commodity markets

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The chief executive of the world's largest wealth fund says there are many wildcards in financial markets right now.