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We have a conversation with the CEO of a company leading the trend of 'behind-the-meter' power. View More

In this articleCIFRFollow your favorite stocksCREATE FREE ACCOUNT SUBSCRIBE TO CNBC'S "POWER INSIDER NEWSLETTER POWER POINT What I'm hearing from energy insidersWhat a difference a week makes.Since we last published Power Insider, U.S. crude oil dropped nearly $10 dollars per barrel before clawing back some of those declines. In the months since the Iran war began, oil has shifted 40% top-to-recent-bottom. Zoom In IconArrows pointing outwards The CNBC chart above captures the chaos, as the back and forth drama continues around the Strait. As of this writing, it's still not very clear what exactly is going on - or not going on - around Hormuz. The market continues to debate how much oil is coming out of the Arabian Gulf.  Kpler and its company MarineTraffic continue to produce must-see data for the energy markets, but U.S. Secretary of Energy Chris Wright says that more ships are leaving the region than some of the maps may suggest. Zoom In IconArrows pointing outwards Meanwhile, the daily barrage of news and headlines continue. Wednesday, the terror group Houthis attacked a cargo ship in the Red Sea, killing six crewmen. At the same time, Iranian bosses put out a list of demands around Hormuz, one that U.S. President Trump quickly discounted. This is all happening while some in Iran also deny they are having any direct truce talks with the U.S.My take → As I've been reporting for months, various factions inside Iran are vying for control. This is to be expected given nearly the entire Iranian leadership being taken out months ago.  As such, pay close attention to which leaders are saying what, and when. Conflicting messages are common and have been since the start.   So even as oil has regained about $15 dollars from the July lows, crude is still holding below $100.   Many now are beginning to ask what has gone right with oil.  Given this is the largest supply shock in decades - if not ever - and it's easy to make dire predictions, the worst case scenarios for crude so far have not happened.  Oil is $85, not $105.  Note →  There are many types of oil sold around the world, and some blends have recently gotten close to $100.JPMorgan's Natasha Kavena lays out three reasons why the firm believes that oil prices have not superspiked:Inventory draws were much smaller than anticipated.China demand cuts.Supply responded faster and at a larger scale than expected. When the history books are written on this, China's falling oil demand may end up being the story. The remaining chapter to write is whether the multimillion barrel per day drop in oil use is related to the war and temporary, or here to stay. Time will tell.To her third point above, Kaneva simply says, "the incentive to maximize output proved overwhelming, accelerating production growth across multiple regions and adding barrels back to the market." Thank you, U.S. and South American production!The team at Goldman Sachs has a slightly different view. It says the physical oil market is getting tighter. They highlight how visible stocks are down over 6 million barrels the last two weeks. Like their competitors at JPMorgan, the Goldman squad also lists three reasons for their rationale:Lower flows from the Persian Gulf and the Red Sea.Lower Russian oil exports.Stronger Asian imports, including to China. Zoom In IconArrows pointing outwards So what does OPEC say?The group is out with its widely-read monthly oil report. While OPEC hasn't been on the front page much lately given the chaos around Iran and oil flows, investors still closely scour its Monthly Oil Market Report. The report notes that OPEC revised oil demand slightly lower from last month's total but believes that demand growth should return next year.The International Energy Agency has a similar view, saying that world oil demand should "decline by 1.6 mb/d in 2026," or about 510,000 barrels per day more than its estimate last month. The IEA adds that the "ongoing closure of the Strait of Hormuz and elevated fuel prices continue to weigh on oil consumption" but, importantly, adds that crude oil demand growth should recover in the fourth quarter this year and pop by 2.4 million barrels per day in 2027.Both are optimistic, but as bullish as that seems, it also seems important to remind  you to remember that any future estimates are subject to the return of some sort of normalcy around Iran, Hormuz, the Red Sea and Russia. That's far from a sure thing at this point! WALL STREET'S TAKE Given the pop in oil prices, it's no shock that energy is the top performing S&P sector over the past week. The whole the group has risen nearly 6%. Despite that jump, a couple of big firms say there is still money to be made within the group.RBC is out with its global best energy ideas list. 6 big U.S. oil, gas and LNG stocks made the cut. Here they are, along with percent possible upside based on today's price and RBC's target price: Zoom In IconArrows pointing outwards Not to be outdone, EvercoreISI is also out with a midyear update on its best stock ideas list. While that list includes every sector, a bevy of energy companies did make the cut on favorite ideas: Zoom In IconArrows pointing outwards Analyst Nicholas Amicucci likes NRG Energy (NRG). While his new $195 price target on the stock is below his recent $215 target, it still suggests just under 60% upside. Amicucci also likes Bloom Energy (BE). He has a $350 target on the storage company stock, or about 45% upside. He recently joined us on Power Lunch to talk about both.Power Insider is not just about oil and gas. It's about all energy. A few weeks ago we highlighted some Wall Street love for First Solar. Baird is also on board. The firm upgraded First Solar (FSLR) to outperform and raised its target to $318. Analyst Ben Kello says that "after nearly six months on the sidelines" he is upgrading FSLR for  several key reasons including:Upcoming benefits from a strong utility-scale market at both fundamental and stock levelSection 232 removes an overhang for bookings to resume (and at higher ASPs)Numbers have been more appropriately calibratedPotential for FSLR to articulate its capital allocation priorities."Note →  Section 232 is the tariffs on some solar materials.  It's complicated and you can read more here and here. TAKE A LOOK I break down why America hasn't built a major new oil refinery in nearly 50 years – and why that may be about to change. watch nowVIDEO2:1502:15Why America could get its first major refinery in 50 yearsPower Insider INSIDE LINE This week's interview with Tyler Page, CEO of Cipher Digital (CIFR), one of the companies that recently made the big pivot from crypto-to-AI power and infrastructure. Zoom In IconArrows pointing outwards Zoom In IconArrows pointing outwards RANDOM, BUT INTERESTING It's been an amazing run for energy investors over the past month. The top 5 energy stocks have printed money. Look at these 1 month returns for some less talked about companies. Random, but interesting... and profitable! Zoom In IconArrows pointing outwards THE GRID Gasoline-starved California turning to Texas for a new pipeline: An Oil Refiner That Fled California Is Back—With a Giant Pipeline From Texas: WSJ This comes as a surprise to absolutely no one: Virginia governor to intervene in NextEra, Dominion merger over electricity price concernsUAE - one of the world's largest oil and natural gas exporters - still being impacted hard by Iran war: ADNOC 'Significantly Impacted' by Attacks: Rigzone The solar industry supports Trump's new moves on the industry - sorta: Statement on New Sec. 232 Tariffs on Solar: SEIA How car racing innovations translate into your car, EV style: Formula E: Accelerating EV Transition with Net-Zero Racing It's a good question: why does OpenAI have a chief economist?  Why OpenAI Has a Chief Economist: The Economics of AI Age ain't nothing but a number. The Rolling Stones can still rock: The Rolling Stones - Rough And Twisted (Official Audio) (but let's be clear, it's still no Loving Cup)Catch up with more on energy including interviews and video content from CNBC and Power Insider.   Read the last issue of Power Insider here: The best energy stocks right now as two major conflicts keep oil prices elevated Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Q1 Results Today, 13th August 2026 Highlights: Follow Q1FY27 results updates from businessline View More

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Here are five key things investors need to know to start the trading day. View More

In this article.SPXCBRSCSCOFollow your favorite stocksCREATE FREE ACCOUNT This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Thursday. "Euro summer" might have cost some travelers a pretty penny this week: Hotel and short-term rental prices surged around yesterday's rare solar eclipse.Stock futures are slightly higher this morning after a mixed session for Wall Street.Here are five key things investors need to know to start the trading day: 1. Green flag A customer shops for cilantro at a Walmart Supercenter on July 23, 2026, in Austin, Texas.Brandon Bell | Getty Images While the headline reading of yesterday's consumer price ticked modestly higher in July, the pace of annual growth cooled slightly. That was seen as good news for the Federal Reserve, leading traders to reduce wagers that the central bank will hike rates in September.Here's what to know:Energy and airline prices continued to feel upward momentum as a result of supply shocks tied to the Iran war.Plus, there's upside risk in next month's report with crude prices rising this week.On the other hand, lettuce saw its largest month-over-month price decline on record as the cyclospora outbreak spooked consumers.The S&P 500 broke a losing streak in yesterday's session following the release. Elsewhere in economic data: The Treasury Department reported that the U.S. budget deficit hit its highest level in more than half of a decade.Next up: The producer price index — which tracks wholesaler inflation — is out this morning.Follow live markets updates here. 2. Cis-no Cerebras Systems Inc. signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, May 14, 2026. Bloomberg | Bloomberg | Getty Images Despite raising full-year guidance, Cerebras issued worse-than-expected revenue for the second quarter. Investors sent shares of the chipmaker plunging 15% in extended trading.CEO Andrew Feldman told CNBC that artificial intelligence demand is "through the roof" and that firms are willing to pay for Cerebras' specialty inference chips. Feldman said that gross margins are growing given that fast inference "is priced at a premium."Meanwhile, Cisco beat Wall Street's expectations on both lines and gave a rosy revenue forecast. Still, shares slipped 5.9% before the bell. 3. Finding the truth Thomas Fuller | Lightrocket | Getty Images A media outlet and non-profit group are taking President Donald Trump to court. Their focus: The Truth API service recently rolled out by Trump Media & Technology Group.In the suit, The Intercept Media and the Freedom of the Press Association slam Truth API — which allows faster access to posts on Truth Social for paid users —as "extraordinary, corrupt, and unconstitutional." Interim Trump Media CEO Kevin McGurn said this week that it has inked more than 10 customer agreements for the API in a cost range of between $60,000 and $100,000 a month.Truth API is one of several variables worrying advocates of retail investors. They are fearful that the service, along with potential changes to corporate earnings and Fed communication, could leave small traders in the dark. Get Morning Squawk directly in your inboxCNBC's Morning Squawk recaps the biggest stories investors should know before the stock market opens, every weekday morning.Subscribe here to get access today. 4. Follow the money Ranking member Rep. Robert Garcia (D-CA) (L), and Sen. Elizabeth Warren (D-MA).Anna Moneymaker | Getty Images Meanwhile, a pair of prominent Democrats is pushing Trump for clarity on his investments.In a letter obtained by CNBC, Massachusetts Sen. Elizabeth Warren and California Rep. Robert Garcia asked Trump to disclose the money managers that he says manage his holdings. They also asked for information on Trump's involvement in or awareness of trades that can potentially overlap with his government role.As CNBC's Kevin Breuninger notes, the letter provides a view into how Democrats are readying to investigate Trump if they can regain even partial control of Congress following the November elections. Trump told CNBC last month that he doesn't talk to the funds that manage his fortune. 5. Turnover Anthony Davis #3 of the Los Angeles Lakers handles the ball against the LA Clippers on July 30, 2020 at The Arena at ESPN Wide World Of Sports Complex in Orlando, Florida.Jesse D. Garrabrant | National Basketball Association | Getty Images Big news for Los Angeles Lakers fans: Mark Walter sold his majority equity to Joshua Kushner and Bob Iger. The deal places the team's value at $12.5 billion, according to a source familiar with the matter.Walter's sale comes less than a year after he purchased the controlling stake. When Walter acquired the Lakers, the team had a valuation of $10 billion.Walter is also part of a group of investors who owns the Los Angeles Sparks in the WNBA. However, his sale only includes the Lakers stake, the source said. The Daily Dividend Ship traffic in the Strait of Hormuz has fallen near three-month lows amid continued tensions between the U.S. and Iran. Here's where transit volume has sat during the conflict: — CNBC's Jeff Cox, Fred Imbert, Kif Leswing, Ari Levy, Kevin Breuninger, Alex Sherman, Jessica Golden, Spencer Kimball and Deena Zaidi contributed to this report.Fred Imbert edited this edition. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Solar Industries reported Q1 FY27 net profit of ?653 crore, up 92.6% YoY. Revenue rose 70.3% to ?3,668 crore. EBITDA increased 82% to ?1,024 crore, with a margin of 27.7%. The company is optimistic, aiming for FY27 revenue of ?14,000 crore. View More

The celestial event transformed rural viewing sites into major attractions, bringing together visitors eager to experience brief daytime darkness. View More

India nearly doubled its planned coal mining capacity in 2025 to 638 million metric tons per annum, driving almost all of the global increase in proposed coal projects, according to Global Energy Monitor. The expansion comes as India seeks to meet rising power demand despite rapid renewable growth and slowing global coal demand. View More

New Delhi: India nearly doubled its planned ​coal mining capacity in ​2025, fuelling a global rise in proposed ​coal mine developments, a report by Global Energy Monitor showed. India's proposed coal mine capacity rose to 638 million metric tons ‌per annum (mtpa) ⁠from ⁠329 mtpa a year earlier, accounting for almost all of the growth in the global coal project pipeline , which expanded 11% to 2,521 mtpa. The increase highlights New Delhi's efforts to boost domestic coal production to meet rising power ​demand, even as renewable energy capacity ⁠expands rapidly ‌and analysts expect global coal demand ​growth to ​slow. The increase in planned capacity comes ⁠despite International Energy Agency forecasts that global ​coal demand will plateau by 2030. Wind ​and solar overtook coal in the global electricity mix for the first time in 2025, the U.S.-based energy research group said. Most of India's proposed new capacity is concentrated in the eastern states of ‌Jharkhand and Odisha, as the government targets coal production of nearly 1.15 billion metric tons ​in fiscal ​2025/26 and ⁠1.5 billion tons by 2030. Live Events However, the rapid growth in planned mining capacity could leave producers exposed if coal ​demand weakens faster than expected, the report said. While coal mine proposals increased, new capacity additions fell nearly 40% in 2025 to 113 mtpa, driven by declines in China and Australia, the report said. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Eclipse demand pushed some Spain and Iceland stays above $1,000 a night, while Iceland hotels cut prices sharply closer to Aug. 12. View More

Solar Eclipse on black sky backgroundArtmim | Istock | Getty Images Hotel and short-term rental prices surged to over $1,000 a night in parts of Europe where a solar eclipse will be visible.The solar eclipse, which will be visible in the U.K., Iceland, northern Spain, Greenland and Portugal on Aug. 12, drove a surge in travel demand across destinations, and hospitality businesses in the region are capitalizing on the opportunity.Some European cities in the path of the eclipse saw hotel and short-term rental prices surge, such as Iceland's capital Reykjavik and Spanish cities like A Coruña and Bilbao, according to data from commercial travel and hospitality firm Lighthouse Intelligence, obtained when checking prices in mid-July, around four weeks out from the event. In Reykjavik, hotel prices were on average $1,012 for a night during the week of the solar eclipse, double the rate for the same period in 2025, per Lighthouse. Meanwhile, short-term rentals averaged $1,172 a night during the week, 178% higher than the same time the previous year. In Bilbao, short-term rentals were $1,088 per night, up 206% from the same time last year. Hotel rooms were priced at $315 a night, up 35% on the previous year. Santiago de Compostela, which lies just outside the path of totality, was the cheapest destination at $193 per night for hotels, up 13% since last year, per Lighthouse data."Testing what the market can bear when it comes to pricing is a common practice by hoteliers in the face of 'once in a lifetime' demand events, like FIFA World Cups or Taylor Swift concerts," Jonathan Gough, content marketing team lead at Lighthouse, told CNBC.However, the latest data shared with CNBC showed that the lowest available hotel rates for Aug. 12 in Reykjavik and Iceland's wider capital region had fallen 46% and 51%, respectively, from mid-May, to $805 and $793 when checked on Aug. 10, reflecting heavy discounting closer to the event.Gough said that different hoteliers chose different pricing strategies. "Iceland priced the eclipse speculatively to begin with. Rooms were listed at three to four times normal levels more than a year out, and hotels have spent the past three months walking that back."Hotels in northern Spain took the reverse course, Gough said, with hotels priced normally in the spring, and raising rates only as bookings filled up. "The demand is genuinely extraordinary on eclipse day. A Coruña is seeing over five times its normal demand levels," Gough said. "When a city with a limited room supply meets a once-in-a-generation event, the price becomes the deciding factor in who gets a bed for the night." Short-term rental boost Data analytics platform AirDNA said that short-term rentals are seeing a significant boost in Spain and Iceland due to the large share of available rentals within the path of the solar eclipse. Per AirDNA, nearly 64% of Iceland's roughly 9,000 available rentals are within the path of totality. Around 21% of Spain's roughly 365,400 listings are in the path, according to the AirDNA data published on Aug. 11. Lighthouse's Gough said the solar eclipse is creating a "powerful," but "concentrated," boost in tourism for the few days around the event.Rentals within the path in Iceland are seeing demand up 40% from a year earlier, compared with 13.2% across the rest of the country. In Spain, where temperatures have exceeded 104 degrees Fahrenheit this summer, demand for the night of Aug. 11-12 is down 1.6% year over year within the path, compared with a 9.1% decline across the rest of Spain, per AirDNA.Gough said that the trend isn't a "season changer" for hotels or rentals, especially as heatwaves and extreme weather events have travelers rethinking how they vacation. "An event like the eclipse fills rooms for a night or two; the climate-driven shift in where Europeans now want to spend their summer months will be a trend that far outlasts it," he added. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

The transaction brings total financing raised by ACME Solar in the current fiscal year to ?8,198 crore View More

Solar Eclipse 2026 Highlights: Large parts of Spain were plunged into darkness as the Moon moved directly between the Earth and the Sun. In Lodoso, near Burgos. Totality also reached Iceland, with the country's western coast falling into darkness during the afternoon. View More