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Search resuls for: "Hadley Gamble"


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☆ We will stand by the women of Afghanistan, Qatar’s foreign minister says
  + stars: | 2023-01-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe will stand by the women of Afghanistan, Qatar’s foreign minister saysMohammed bin Abdulrahman Al-Thani, Qatar’s foreign minister, speaks to CNBC's Hadley Gamble at the World Economic Forum in Davos.
☆ Saudi Arabia can 'bridge the gap' between the U.S. and China, finance minister says
  + stars: | 2023-01-16 | by ( Natasha Turak | ) www.cnbc.com   time to read: +2 min
watch nowSaudi Arabia can help be a conduit between the U.S. and China at a time of heightened geopolitical tensions, Saudi Finance Minister Mohammed al-Jadaan said Monday at the World Economic Forum in Davos, Switzerland. "I really think that we need to focus on collaboration, cooperation, avoiding more geopolitical tensions, and calling for calm and political solutions to geopolitical tensions," al-Jadaan told CNBC's Hadley Gamble. Mohammed Al-Jadaan, Saudi Arabia's finance minister, at the World Economic Forum in Davos, Switzerland Jason Alden | Bloomberg | Getty ImagesAsked about Saudi Arabia's ability to facilitate dialogue between adversarial powers like the U.S. and China, al-Jadaan said: "I would say absolutely yes. We have a very strategic relationship with the U.S., and we have a close relationship with China, and we think we can bridge the gap." The U.S. has military installments in Saudi Arabia, selling advanced weaponry and providing training and joint operations with the Saudi military.
☆ Russian gas will eventually return to Europe as nations 'forgive and forget,' Qatari energy minister says
  + stars: | 2023-01-16 | by ( Natasha Turak | ) www.cnbc.com   time to read: +5 min
On Friday, Russian energy supplier Gazprom said it would not resume its supply of natural gas to Germany through the key Nord Stream 1 pipeline, blaming a malfunctioning turbine. Hannibal Hanschke | ReutersThe European Union's rejection of Russian energy commodities following Moscow's invasion of Ukraine won't last forever, Qatar's Energy Minister said during an energy conference over the weekend. EU countries have dramatically cut down their imports of Russian energy supplies, imposing sanctions in response to Moscow's brutal, full-scale invasion of Ukraine. "But Russian gas is going back, in my view, to Europe," al-Kaabi said. Italy has dramatically reduced its reliance on Russian gas by replacing it with energy sources from alternative producers, such as Algeria.
☆ Likely to see inflation going down, Saudi Arabia finance minister says
  + stars: | 2023-01-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLikely to see inflation going down, Saudi Arabia finance minister saysMohammed Al-Jadaan, Saudi Arabia's finance minister, speaks to CNBC's Hadley Gamble at the World Economic Forum in Davos to discuss recession risks.
☆ Biden advisor says oil price cap is working as Russia takes economic hit
  + stars: | 2023-01-13 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
The Group of Seven's oil price cap scheme intended to limit Russian oil export revenues is working "so far so good," according to Amos Hochstein, special presidential coordinator to President Joe Biden. The price cap initiative was introduced on Dec. 5, when the EU stopped taking Russian crude oil. EU countries will no longer be able to access seaborne Russian oil products as of Feb. 5. He did not specify how much the U.S. believes the price ceiling initiative is costing Russia. I think the G7 got together, it's part of the unity of the G7, and I think so far so good," Hochstein said.
☆ BP invests millions in company that supplies 'rapidly deployable' solar tech
  + stars: | 2022-12-16 | by ( Anmar Frangoul | ) www.cnbc.com   time to read: +2 min
Australian firm 5B says its 5B Maverick system is "a fully prefabricated, plug-&-play solar farm in a box." It adds that "each 5B Maverick array consists of up to 90 solar modules, mounted on [nine] domed racks between 10 composite steel-concrete beams." BP said it is investing 20 million Australian dollars ($13.53 million) in Australian renewable company 5B, which specializes in solar technology. BP said 5B had deployed over 60 megawatts of solar tech worldwide, with projects based in Europe, Asia, South America and the United States. 'Today's energy system is a hydrocarbon system'CEO Bernard Looney recently said the BP strategy focused on simultaneously investing in hydrocarbons and the planned energy transition.
☆ Trust between the West and Russia has been destroyed, NATO chief says
  + stars: | 2022-12-12 | by ( Holly Ellyatt | ) www.cnbc.com   time to read: +2 min
The West has tried to build bridges with Russia since the end of the Cold War but any trust that was established in recent years has been destroyed with Russia's invasion of Ukraine, NATO Director-General Jens Stoltenberg said Monday. "NATO strived for decades to develop a better, more constructive relationship with Russia," he told CNBC's Hadley Gamble in Brussels. Stoltenberg said a level of trust that had been established during a rapprochement between Western nations and Russia in recent decades had been destroyed by Moscow's decision to invade Ukraine. "Even if the fighting ends, we will not return to some kind of normal, friendly, relationship with Russia. "I think the war has had long-lasting consequences for the relationship with Russia."
☆ Watch CNBC's full interview with NATO Director-General Jens Stoltenberg
  + stars: | 2022-12-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with NATO Director-General Jens StoltenbergNATO Director-General Jens Stoltenberg discusses the Russia-Ukraine war and resulting sanctions with CNBC's Hadley Gamble.
☆ World Cup kicks off in Qatar — the first in the Middle East to host the tournament
  + stars: | 2022-11-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorld Cup kicks off in Qatar — the first in the Middle East to host the tournamentCNBC's Hadley Gamble and Dan Murphy discuss the controversies surrounding the FIFA World Cup Qatar 2022.
☆ It’s Abu Dhabi and Dubai’s turn for a property boom, Prince Khaled bin Alwaleed says
  + stars: | 2022-11-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt’s Abu Dhabi and Dubai’s turn for a property boom, Prince Khaled bin Alwaleed saysPrince Khaled bin Alwaleed speaks to CNBC's Hadley Gamble about the property market in the UAE. It’s Abu Dhabi and Dubai’s turn for a property boom, he says.
☆ Trump's former Treasury secretary calls G-7 Russian oil price cap ‘the most ridiculous idea I’ve ever heard’
  + stars: | 2022-11-18 | by ( Jenni Reid | ) www.cnbc.com   time to read: +3 min
Mnuchin this week criticized the G-7's plan for a cap onFormer U.S. Treasury Secretary Steve Mnuchin described the G-7's plan for a price cap on Russian oil as "ridiculous." I think the problem now is that there's limited options ... there's parts of the world that are now buying Russian oil outside of U.S. sanctions," he said. "But look, a price cap, the market is going to set the price. As Europe seeks to wean itself off Russian oil and gas, Moscow has ramped up its sale of oil to countries including China and India. Energy analysts say it will be vital to get those countries' cooperation for any price cap to be effective, but it remains unclear how they will react to any final announcement.
☆ Watch CNBC's full interview with IMF managing director Kristalina Georgieva at COP27
  + stars: | 2022-11-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with IMF managing director Kristalina Georgieva at COP27Kristalina Georgieva, managing director at the International Monetary Fund, speaks to CNBC's Hadley Gamble at the COP27 gathering in Egypt about the global economic outlook and the climate financing gap.
☆ Watch CNBC's full interview with COP27 president and Egypt's Foreign Minister Sameh Shoukry
  + stars: | 2022-11-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with COP27 president and Egypt's Foreign Minister Sameh ShoukrySameh Shoukry, COP27 president and Egypt's foreign minister, speaks to CNBC's Hadley Gamble from COP27 in the country. He says geopolitical tensions and an energy crisis must not lead to "backtracking" on climate goals.
☆ IMF: Rich countries and public money will 'never close' the climate financing gap
  + stars: | 2022-11-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMF: Rich countries and public money will 'never close' the climate financing gapKristalina Georgieva, the IMF managing director, tells CNBC's Hadley Gamble at COP27 that rich countries and public money will “never close” the climate financing gap.
☆ IMF's managing director: We are going to see a very difficult 2023
  + stars: | 2022-11-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMF's managing director: We are going to see a very difficult 2023Kristalina Georgieva, the IMF managing director, told CNBC's Hadley Gamble at COP27 that we’re moving toward a very difficult 2023.
☆ Saudi oil giant Aramco posts a 39% rise in quarterly net profit
  + stars: | 2022-11-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi oil giant Aramco posts a 39% rise in quarterly net profitSaudi oil giant Aramco posts a hike in third-quarter net profit to $42.4 billion. CNBC's Dan Murphy and Hadley Gamble discuss the numbers.
☆ Our energy depends on the Gulf's security, Italy's Ambassador to UAE says
  + stars: | 2022-11-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur energy depends on the Gulf's security, Italy's Ambassador to UAE saysLorenzo Fanara, Italian ambassador to UAE, discusses energy security and the ongoing crisis with CNBC's Hadley Gamble.
☆ 'We're not against profits,' White House presidential coordinator says after Biden's tax threats on energy companies
  + stars: | 2022-11-01 | by ( Natasha Turak | ) www.cnbc.com   time to read: +6 min
The president on Monday tweeted: "The oil industry has a choice. But reports of animosity between the White House and America's energy giants are overhyped, says Amos Hochstein, Biden's special presidential coordinator, who liaises closely with energy industry leaders domestically and around the world. Record-breaking oil company profitsSeveral major oil companies have raked in record profits this year as consumers grappled with soaring gas and energy bills. Many in the oil industry argue that a windfall tax is counterproductive and would harm production and investment. We need more investment in oil production and refining, now."
☆ Oil CEOs say this winter is not the season to worry about when it comes to the energy crisis
  + stars: | 2022-11-01 | by ( Natasha Turak | ) www.cnbc.com   time to read: +5 min
The global economy is facing an onslaught from multiple sides — a war in Europe, and shortages of oil, gas and food, and high inflation, each of which has worsened the next. But as much concern as there is ahead of this winter, it's really the winter of 2023 that people should be worried about, major oil and gas executives have warned. "It's the next winter I think many of us worry, in Europe, could be even more challenging." watch nowThe CEO of Italian oil and gas giant Eni expressed the same worry. For this winter, Europe's gas storage is around 90% full, according to the International Energy Agency, providing some assurance against a major shortage.
☆ BP CEO: A more diversified energy system is a more affordable system
  + stars: | 2022-10-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBP CEO: A more diversified energy system is a more affordable systemBP CEO Bernard Looney speaks to CNBC's Hadley Gamble at the Adipec conference in Abu Dhabi.
☆ Watch CNBC's full interview with U.S. Presidential Coordinator Amos Hochstein
  + stars: | 2022-10-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with U.S. Presidential Coordinator Amos HochsteinAmos Hochstein, special presidential coordinator to President Joe Biden, speaks to CNBC's Hadley Gamble at the Abu Dhabi International Petroleum Exhibition Conference about U.S.-Saudi relations following OPEC+ production cuts. "Cutting production has the end net-effect of helping what Russia is doing," Amos said.
☆ Oil is all that Putin has left, U.S. presidential advisor Amos Hochstein says
  + stars: | 2022-10-31 | by ( Anmar Frangoul | ) www.cnbc.com   time to read: +1 min
Oil is all Russia's economy has left following its invasion of Ukraine earlier this year, according to Amos Hochstein, special presidential coordinator for President Joe Biden. "Oil is the only thing they have left in that economy … Putin has destroyed the rest of the economy," Hochstein told CNBC's Hadley Gamble Monday. "All he's got left is the stuff that comes out of the ground. He won't sell his gas to Europe anymore, so all he has is oil, so that's what funds this war." The Russian economy shrunk by 4% year-on-year over the second quarter, and the Central Bank of Russia expects the downturn to deepen in the quarters ahead.
☆ Credit Suisse shares are a 'steal,' say new Saudi backers after taking 9.9% stake
  + stars: | 2022-10-31 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +1 min
Saudi National Bank, the kingdom's largest lender and majority-owned by the Saudi government, announced Wednesday that it was investing up to $1.5 billion in Credit Suisse — representing a stake of up to 9.9%. The bank is reportedly set to become the second-largest shareholder of Credit Suisse, second to Harris Associates. It also aims to cut its cost base by 15%, or 2.5 billion Swiss francs, by 2025. The SNB chairman cited Credit Suisse's investment banking unit as the Achilles' heel of the company, accentuated by the current climate of increased market volatility. "The biggest overhang for Credit Suisse, over the past couple of years ... has been the volatility of the performance of their investment bank," he told CNBC.
☆ Big oil executives and ministers convene in Abu Dhabi to discuss energy markets
  + stars: | 2022-10-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig oil executives and ministers convene in Abu Dhabi to discuss energy marketsBig oil executives and ministers convene in Abu Dhabi to discuss energy markets as the world faces a global energy crisis. CNBC's Hadley Gamble and Dan Murphy discuss live from ADIPEC.
☆ World needs to accept the urgent need for fossil fuel investment now, BP CEO says
  + stars: | 2022-10-31 | by ( Anmar Frangoul | ) www.cnbc.com   time to read: +2 min
In this article BP.-GB Follow your favorite stocks CREATE FREE ACCOUNTBP CEO Bernard Looney photographed in Texas on March 8, 2022. During a panel discussion on Oct. 31, 2022, Looney said his firm's strategy was to "to invest in hydrocarbons today, because today's energy system is a hydrocarbon system." F. Carter Smith | Bloomberg | Getty ImagesBP's strategy is centered around investing in hydrocarbons whilst simultaneously putting money into the planned energy transition, the oil and gas supermajor's CEO said Monday. A major producer of oil and gas, BP says it's aiming to become a net-zero company by the year 2050 or before. He described it as "delusional" and called for an abandonment of fossil fuel finance.
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