Spencer Kimball

3 weeks ago | cnbc.com | Spencer Kimball

Citi has downgraded Constellation Energy , after the power company signed a major deal with Meta that indicates nuclear plant owners might not receive that high of a price premium for their electricity. Meta agreed to buy about 1.1 gigawatts of power from the Clinton Clean Energy Center in Illinois for a 20-year period that begins in 2027. Constellation stock rose as much as 9% intraday Tuesday on the deal, before closing slightly lower at $313.03 per share.

3 weeks ago | cnbc.com | Spencer Kimball

Uranium Energy is set to rally as the U.S. focuses on securing domestic fuel supplies to meet President Donald Trump's goal to quadruple nuclear power by 2050, according to BMO Capital Markets. BMO initiated coverage of Uranium Energy on Tuesday with a buy rating and setting a stock price target of $7.75 per share, implying 36% upside from the company's most recent close of $5.69.

3 weeks ago | cnbc.com | Spencer Kimball

watch nowThe Trump administration is confident that a massive liquified natural gas project in Alaska will secure investors despite its steep cost. President Donald Trump has pushed Alaska LNG as a national priority since taking office. Alaska has sought for years to build an 800 mile pipeline from the North Slope in the Article Circle south to the Cook Inlet where the gas would be cooled to liquid and shipped to U.S. allies in Asia.

3 weeks ago | nbcnewyork.com | Spencer Kimball

U.S. crude oil futures rose about 3% on Monday after OPEC+ increased production at a steady rate, easing investor fears that the group might boost output even faster. West Texas Intermediate futures rose $1.90, or 3.13%, to $62.69 per barrel by 10:27 a.m. ET. Global benchmark Brent was up $1.90, or 3.03%, at $64.68 per barrel. Prices are also finding support as the U.S. rig count fell every week in May and has hit its lowest level since 2021.

3 weeks ago | cnbc.com | Spencer Kimball

Oil prices eased on Tuesday as market participants weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week. Anadolu | Anadolu | Getty ImagesU.S. crude oil futures rose about 4% on Monday after OPEC+ increased production at a steady rate, easing investor fears that the group might boost output even faster. West Texas Intermediate futures rose $2.53, or 4.16%, to $63.32 per barrel.