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Goldman says it’s time to be a stock picker with energy stocks. Here are the firm’s favorites

Goldman Sachs is pleased to report that Energy stocks have outperformed in this week, month, and year. However, it believes there are still opportunities for value, but investors must be careful. “We remain bullish the Energy and Oil & Gas equities complex despite YTD outperformance…That said, we see strong dispersion,” the firm said Thursday in […]

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UK slaps windfall tax on oil and gas giants

Sunak described previously the concept of a windfall oil and gas tax for majors as “superficially tempting”, but ultimately would discourage investment. Pa Images | Pa Images | Getty Images LONDON — U.K. Finance Minister Rishi Sunak has imposed a windfall tax on oil and gas majors as the government scrambles to alleviate the country’s […]

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George Soros says Russia is blackmailing Europe with gas

Russian President Vladimir Putin speaks during the ceremony honoring Paralympians and Olympians at the Kremlin, Moscow, Russia. April 26, 2022.  Maxim Shemetov | Reuters DAVOS, Switzerland — Russian President Vladimir PutinGeorge Soros, billionaire investor, says that the bargaining power of ‘not as strong as it seems’ and Europe is able to leverage against him. In […]

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Banks pick their favorite battery stocks and Goldman Sachs loves one

Goldman Sachs loves one EV stock for its battery innovation – and it also makes the bank’s conviction list of top buy-rated stocks. HSBC has named energy storage companies as its top conviction themes. BYD (Chinese electric vehicle) company is rated buy by Goldman because of its innovative battery technology. It was described as market-leading […]

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SEC unveils rules to prevent misleading claims by ESG funds

Gary Gensler is the chairman of Securities and Exchange Commission at SEC Headquarters in Washington on July 22, 2021. Melissa Lyttle/Bloomberg via Getty Images On Wednesday, the Securities and Exchange Commission proposed two rules changes. prevent misleading or deceptive claimsU.S. Funds on the environmental, social, and corporate governance (ESG), qualifications. increase disclosure requirementsThese funds are […]

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Natural gas surges above $9 to highest since 2008 on low inventories

A liquefied pure gasoline (LNG) tanker is tugged in the direction of a thermal energy station in Futtsu, east of Tokyo, Japan. Issei Kato | Reuters Natural gas surged above $9 per million British thermal items, or MMBtu, on Wednesday, hitting the very best stage in additional than a decade as dwindling inventories push costs […]

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Stellantis CEO warns of EV battery shortage, lack of raw materials

After meeting with unions in Turin (Italy), March 31, 2022, Carlos Tavares, CEO of Stellantis, holds a press conference. Massimo Pinca | Reuters StellantisCarlos Tavares CEO stated that there will be shortages of batteries and other raw materials for electric vehicles over the next decade as the automotive industry moves to EVs to address the […]

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NOAA forecasts a busy Atlantic hurricane season for 7th straight year

Alonzo Lewis saves his mom’s belongings after her home was damaged by Hurricane Ida in Laplace (La.) on August 30, 2021. Ida struck New Orleans on August 29th as a hurricane category 4. Getty Images| Getty Images News | Getty Images The NOAA on Tuesday forecast a busy Atlantic hurricane season this year, calling for the […]

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Burning gas to produce electricity is ‘stupid,’ the CEO of power giant Enel says

Enel CEO Francesco Starace photographed in 2019. In an interview with CNBC on Could 24, 2022, Starace stated “you may produce electrical energy higher, cheaper, with out utilizing fuel.” Giulio Napolitano | Bloomberg | Getty Photographs The CEO of Italian energy agency Enel has forged doubt on the continued advantage of utilizing fuel to supply […]

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Spain paints itself as the answer to Europe’s Russian energy problem

Pedro Sanchez is the President of Spanish Government. Europa Press News | Europa Press | Getty Images Spanish Prime Minister Pedro Sanchez has said his country — and southern Europe more broadly — could provide an answer to the shortfall in gas supplies from Russia as the region looks to double down on sanctions against Moscow. […]