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October 18, 2019
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Activists thought BlackRock, Vanguard found religion on climate change. Not anymore

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Two years ago in a vote viewed as a major milestone, BlackRock and Vanguard used their market weight to require Exxon Mobil to produce a report on climate change. But what followed has been a good deal of disappointment. Source link: Click here for more
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The one decision about the future that investors can’t afford to ignore

CNBC
No investor can afford to ignore climate change, but the corporations that emit the most greenhouse gas in the world are behind on plans for a carbon-neutral future. They will take their investors down with them if they are not pressed into action. Source link: To read more click here
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Iran’s oil minister brushes off tensions over Aramco attack

CNBC
Bijan Namdar Zanganeh, Iran’s petroleum minister, second left, speaks to reporters ahead of the 176th Organization Of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Monday, July 1, 2019. Bloomberg | Bloomberg | Getty Images Geopolitical tensions between Iran and Saudi Arabia might be the biggest issue facing the...
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US sanctions on China firms show Iran is ‘potential flashpoint’: Eurasia

CNBC
U.S. Secretary of State Mike Pompeo at a briefing on September 10, 2019 at the White House in Washington, DC. MANDEL NGAN | AFP | Getty Images The U.S. has imposed new sanctions on several Chinese entities for “knowingly engaging” in transporting Iranian oil — a violation of Washington’s curbs...
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China’s the world’s biggest buyer of soybeans and copper. Its commodities appetite is still growing

CNBC
This photo taken on July 19, 2018 shows a worker loading sacks of animal feed made from soybeans at the Hopefull Grain and Oil Group in Sanhe, in China’s northern Hebei province. The company is currently using soybeans imported from Brazil, after recently changing from U.S. soybeans. Greg Baker |...
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Pompeo says US mission is to avoid war with Iran

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U.S. Secretary of State Mike Pompeo at a briefing on September 10, 2019 at the White House in Washington, DC. MANDEL NGAN | AFP | Getty Images The United States aims to avoid war with Iran and the additional troops ordered to be deployed in the Gulf region are for...
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Did we just witness beginning of end of Big Oil?

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Out of service fuel pumps are covered in plastic wrap and tarps at an Exxon Mobile gas station. Bloomberg | Bloomberg | Getty Images Is the oil barrel half empty or half full? In the past week you had your pick of answers to choose from, and they were bookended...
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Iran’s warnings to Saudi Arabia are ridiculous, Saudi’s Al-Jubeir says

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Saudi Arabian Foreign Minister Adel al-Jubeir attends a press event with U.S. Secretary of State Rex Tillerson at the State Department on January 12, 2018 in Washington, DC. Zach Gibson | Getty Images News | Getty Images Iran’s recent warnings to Saudi Arabia are “ridiculous” and “laughable” Saudi minister of...
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Iran’s oil attack most critical test yet for Trump’s foreign policy

CNBC
Journalists gather next to a damaged installation in Saudi Arabia’s Abqaiq oil processing plant on September 20, 2019. Fayez Nureldine | AFP | Getty Images Iran’s audacious drone and cruise missile attack last weekend on Saudi Arabia’s oil producing facilities has provided the most critical test yet for the Trump...
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Blackstone’s Tony James on US-China trade deal, geopolitical risks

CNBC
Chinese President Xi Jinping (R) and US President Donald Trump at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images With business confidence already badly hit by the U.S.-China trade war, even a small deal reached between the two countries...
CNBC Business

Why Jim Cramer thinks it’s time to sell some of your oil stocks

CNBC
If your investment portfolio includes oil stocks, it is time to sell some of them, CNBC’s Jim Cramer said on Thursday. “I would scale them back,” the “Mad Money” host advised. If oil industry stocks “didn’t have a sustained move” this week after roughly half of Saudi Arabia’s oil production...
CNBC Business

How Saudi Arabia failed to protect itself from drones, missile attacks

CNBC
Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, September 14, 2019. Stringer | Stringer DUBAI — Questions have abounded all week as to how Saudi Arabia, the planet’s third-highest defense spender and steward of the world’s largest oil facility, allowed itself...

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