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Spencer Kimball

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  • Energy Reporter, CNBC
New York
As seen in: CNBC, Forbes, MSN, MSN Australia, MSN Canada, MSN Ireland, MSN Malaysia, MSN Money Canada, MSN Philippines, Yahoo News, Aol and
Energy reporter, @CNBC.

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Spencer Kimball’s Journalist Portfolio

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Electric utilities face billions in wildfire liability with aging power lines risking another catast

Electric utilities face billions in wildfire liability with aging power lines risking another catast

Electric utilities in the western U.S. are facing billions in damages over allegations that their failure to …

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Moderna CEO sold more than $400 million of company stock during pandemic

Moderna CEO sold more than $400 million of company stock during pandemic

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How polio came back to New York, silently spread and left a patient paralyzed

How polio came back to New York, silently spread and left a patient paralyzed

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Mpox outbreak wake-up call for smallpox preparation, vaccine maker Bavarian Nordic says

Mpox outbreak wake-up call for smallpox preparation, vaccine maker Bavarian Nordic says

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Alzheimer’s patients may wait years to get new drugs, putting them at risk of severe disease

Alzheimer’s patients may wait years to get new drugs, putting them at risk of severe disease

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FDA drug approval power faces sweeping challenge in suit aiming to pull abortion pill from market

FDA drug approval power faces sweeping challenge in suit aiming to pull abortion pill from market

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Articles

Trump announced a massive oil deal with Venezuela. Why it won't lower gas prices anytime soon

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By Spencer Kimball Verified
| CNBC Verified
watch now Drivers in the U.S. won't see lower gas prices from President Donald Trump's massive oil deal with Venezuela because it will take years to significantly boost the country's production, experts say. Trump announced Friday that the U.S. secured majority control over 65 billion barrels of Venezuela's proven oil reserves, around 20% of the 303 billion barrels that the South American nation is thought to possess. But huge investments are needed to extract those reserves.
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Treasury moves to sanction UAE branch of Egyptian bank over Iran ties

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By Spencer Kimball Verified
| MSN Verified
The Treasury Department intends to revoke the access of Banque Misr UAE to U.S. financial institutions over its ties to Iran. The action comes after Treasury Secretary Scott Bessent launched a sanctions campaign that aims to sever all of Iran's economic ties around the world.
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Oil exports from the Gulf rise to more than 60% of level before Iran war, Goldman Sachs estimates Original

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By Spencer Kimball Verified
| CNBC Verified
Goldman Sachs estimates the Gulf states are exporting roughly 15 million to 16 million barrels of oil per day, or more than 60% of the amount the region supplied to the world before the Iran war started. Oil exports from the Gulf are still 7 million bpd to 8 million bpd below the normal level before the war, Goldman analysts estimated in a note Thursday. But shipments have surged 5 million bpd to 6 million bpd above the bottom hit in March during the worst phase of the war, they said.
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