Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.
Europe’s largest automaker, Volkswagen AG, plans to invest $700 million in Chinese electric vehicle manufacturer, Xpeng Inc.(NYSE:XPEV), as it tries to stem a sales decline…
Big Oil companies Exxon Mobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX) are both set to report a significant drop in second quarter profits when they…
The global energy crisis triggered by Russia's war in Ukraine exposed Europe's extreme vulnerability due to the continent's over-reliance on Russian energy commodities, especially natural…
Global research and consultancy group Wood Mackenzie has predicted that Brazil's private oil companies will increase oil production by 75% from 1.221Mb/d to 2.123Mb/d by 2030. According…
India’s largest energy company, Reliance Industries (NSE: RELIANCE), has posted lower-than-expected Q2 2023 profits after its petrochemicals and refining businesses underperformed. The oil-to-retail conglomerate owned by Asia’s richest man…
Giant commodity trader Vitol urged the UK government to pump in extra liquidity at the height of last year's energy crisis, Bloomberg has reported. Vitol CEO Russell…
Historically, giant commodity traders such as Switzerland's Vitol, Glencore, and Gunvor as well as Singapore’s Trafigura have dominated the global oil trade while smaller trading desks that lack the wherewithal and deep…
The United States’ Senate has passed an amendment to the annual defense bill that will prohibit China from purchasing oil from the United States’ emergency…
Russia’s state-owned oil and gas company Gazprom has teamed up with Russia's successor to McDonald's, Vkusno & tochka, to make marine biofuel produced using waste…
Russia's revenue from oil and gas sales may increase by around 60% in July from May receipts to 844 billion roubles ($9.3 billion), Reuters has reported.…
Gas Markets Remain Bearish As Inventories Rise At A Record Clip A couple of weeks ago, the International Energy Agency (IEA) warned that natural gas prices may…
Indian multinational conglomerate Tata Group will build a massive facility for the production of electric car batteries in the United Kingdom, the Wall Street Journal…
China is importing oil at near-record levels while its domestic product has also increased. China’s oil imports in June jumped 45.3 percent on the year…
Over the past decade, natural gas has been touted as the perfect ‘bridge fuel’ as the world transitions to low-carbon fuels. That appears pretty straightforward…
The Big 3 oilfield services (OFS) companies Baker Hughes (NASDAQ:BKR), Halliburton (NYSE:HAL) and Schlumberger (NYSE:SLB) are set to post a combined second-quarter adjusted profit of…
Qatar’s national oil company, QatarEnergy, recorded a 58% jump in net income in 2022 to reach a record 154.6 billion riyals ($42.4 billion) amid the…
Electric vehicle skeptics have frequently argued that the manufacturing and disposal of battery-electric vehicles like Teslas as well as reliance on coal to generate the electricity that…
The Baltic states of Estonia and Lithuania have set a target to decouple from the Russian power grid in early 2025, ending three decades of…
After months of decline following falling crude prices, gasoline and diesel prices have started rising thanks to soaring crude prices. National average gas prices in…
Back in March, the Biden administration issued the green light for ConocoPhillips’ (NYSE:COP) long-disputed $8 billion Willow project in Alaska, much to the consternation and chagrin of environmentalists. ConocoPhillips…