‘There’s No Planet B’: Tens of thousands protest climate inaction before UN summit

Tens of thousands of protesters have already joined rallies on Friday as a day of worldwide demonstrations calling for action against climate change began ahead of a U.N. summit in New York. Some of the first rallies in what is being billed as a “global climate strike” were held in Australia’s largest city, Sydney, and the national capital, Canberra. Australian […]

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Jim Cramer explains how the market was able to virtually shrug off a major oil shock

"It's amazing how the averages pretty much shrugged off such a major [oil production] decline," CNBC's Jim Cramer says. "So there were real areas of weakness, but the truth is this market held up incredibly well," he says after the major indexes fell less than 1% following drone attacks on Saudi Arabia's oil facilities. "In the old days, the averages […]

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Here are the 3 key times the U.S. tapped into its massive emergency-oil reserves

The weekend attack on major crude-oil facilities in Saudi Arabia could prompt something that has been done only three times in the past: an emergency release from the U.S. Strategic Petroleum Reserve. President Donald Trump said he’d authorized tapping the so-called SPR in response to the attack, “if needed,” to keep oil markets CLV19, +14.24%BRNX19, +14.07% well supplied and moderate a […]

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Why the Saudi oil attack is a ‘big deal’ that could be a ‘game changer’ in stock markets and crude prices

An intensifying Middle East conflict is threatening to throw the world’s energy market into disarray after weekend drone attacks destroyed parts of Saudi Aramco’s Abqaiq plant — one of the world’s largest processors of oil— and a separate nearby oil field. On Saturday, the drone attacks, directed at Saudi Arabian oil facilities that account for nearly 10 million barrels of […]

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Oil prices rise as U.S. crude supplies fall a third straight week

Oil futures climbed sharply on Thursday, with a third consecutive weekly decline in U.S. crude stockpiles, heightened tensions in the Middle East and plans for U.S.-China trade talks next month, lifting U.S. and global benchmark prices by roughly 2%. West Texas Intermediate crude for October delivery CLV19, +1.48% rose $1.18, or 2.1%, to trade at $57.44 a barrel on the New […]

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Can’t just blame boomers and their parents — humans have been changing Earth for thousands of years

Evidence of the increasing effects of climate change is building, as are the investing opportunities and changes in consumer habits linked to environmental concerns and resource use. Here are select dispatches about the companies responding to customer demands and climate risk, the ESG investors and their advisers, and the policy-makers, enterprising individuals and scientists preparing for tomorrow. Humans were changing […]

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Farmers’ loyalty to Trump tested over new ethanol rules they say favor Big Oil

LACONA, Iowa (AP) — When President Donald Trump levied tariffs on China that scrambled global markets, farmer Randy Miller was willing to absorb the financial hit. Even as the soybeans in his fields about an hour south of Des Moines became less valuable, Miller saw long-term promise in Trump’s efforts to rebalance America’s trade relationship with Beijing. “The farmer plays […]

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Oil moves higher on progress in U.S.-China trade talks

Oil futures moved higher Tuesday, giving up earlier losses following news that the U.S. will delay tariffs on certain Chinese products until December, as the two nations look to continue discussions on trade. Prices had declined in earlier dealings as worries over the global economic outlook and fears continued protests in Hong Kong could prompt a crackdown by China undercut […]

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Oil flirts with bear-market territory as trade jitters cloud demand outlook

Oil prices deepened their latest descent on Wednesday, including fresh seven-month lows for international benchmark Brent, as the U.S.’s tussles with major trade partners keep alive concerns for global energy demand. Prices fell even as a snapshot of U.S. crude supplies from the American Petroleum Institute showed another decline in the latest week. “The oil market appears immune to both […]

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Oil prices struggle to gain altitude as investors weigh world’s ability to absorb crude

Oil futures traded mixed early Monday as crude investors weighed the health of the global economy and its impact on energy uptake. The planned resumption of trade talks between the U.S. and China, the world’s largest economies, also was in focus but commodity investors appeared doubtful that a near-term resolution could be achieved, which would if achieved help support energy […]

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