Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.
China's EV boom has prompted oil giant Sinopec to adjust its oil demand forecasts, saying peak domestic gasoline demand has already passed and it’s going…
Oil prices on Tuesday jumped nearly 3% to the highest since November after OPEC+ heavyweights Saudi Arabia and Russia announced an extension of their respective…
Last year the Emirates Nuclear Energy Corporation (ENEC) announced the commissioning of the country’s first-ever nuclear power plant--the first ever for an Arab nation. The…
Iran’s soaring oil exports following secret diplomacy with the U.S. are likely to fall for the rest of the year as demand in Asia wanes…
China’s state-owned offshore giant China National Offshore Oil Corporation (CNOOC) has evacuated more than 10,000 workers from offshore production platforms, floating production and storage vessels…
Brazilian national oil company Petroleo Brasileiro SA (NYSE:PBR), aka Petrobras, has halted the sale of key assets in a broad divestment process that was kicked…
The Biden administration is offering $12 billion in grants and loans to automakers and suppliers to retrofit their plants to manufacture electric vehicles and other…
Europe’s inventories for middle distillates and heavier products have dropped sharply leading to refining margins skyrocketing with diesel now at $125 per barrel thanks to…
A group of 37 economists and analysts have raised their 2023 oil price forecasts for the first time in four months saying OPEC+ output cuts…
Earlier in the year, Wall Street was mostly bearish about the U.S. economic outlook with many warning of a looming recession. Not surprisingly, many oil…
Saudi Arabia-based investment company Energy Capital Group (ECG) has invested in U.S.-based Pure Lithium, a company that specializes in lithium metal batteries, for an undisclosed sum. Pure…
Brazil's oil and gas production hit the highest level ever for a single month in July, with production totaling 4.48 million barrels of oil equivalent…
A couple of weeks ago, the International Energy Agency reported that global oil demand reached an all-time high of 103mn barrels a day in June. According to…
U.S. House Speaker Kevin McCarthy has revealed he plans to promote U.S. natural gas exports at an upcoming G7 meeting. McCarthy will frame his agenda in the…
The Prefect of the Municipality of Bucharest has ordered checks on all 380 fuel and liquefied gas LNG stations in Bucharest, after two explosions on…
China’s giant refiner Sinopec Corp. has said it will not acquire Shell Plc’s (NYSE:SHEL) refinery or petrochemical plant in Singapore but will instead invest in Saudi Aramco’s Jafurah…
A fresh study on Appalachian has revealed that the shale gas boom in those regions not only failed to replace losses from the steel industry…
Back in March 2022, shortly after Russia’s invasion of Ukraine, President Biden signed an executive order that banned the import of Russian oil, liquefied natural gas, and…
Prospects of reviving the Iran nuclear deal have swung dramatically, from near certain in March 2022 to almost nil by the end of the year…
Swiss trader Gunvor has seen profits fall in the first half of this year, and has more than doubled its provision for an expected fine…