Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.
The United Arab Emirates is considering building a second nuclear power plant to meet surging electricity demand, a government official has told Reuters. Home to 10 million…
Four largely unexplored sedimentary basins in India could hold up to 22 billion barrels of oil, S&P Global Commodity Insights has reported. In effect, lesser-known Category II and…
Saudi Arabia has entered into joint ventures with two Chinese solar firms to build solar plants in the country worth some $3 billion, highlighting the oil-rich kingdom's…
Last year, TotalEnergies (NYSE:TTE) and Africa Oil (OTCPK:AOIFF) announced they had abandoned the multi-billion dollar South Lokichar project in Kenya, leaving British exploration firm Tullow Oil (OTCPK:TUWLF)…
The International Monetary Fund (IMF) has downgraded its growth forecast for the Saudi economy due to ongoing oil production cuts by OPEC+. The IMF now…
The Biden administration is awarding nearly $2B in grants to General Motors (NYSE:GM), Stellantis (NYSE:STLA) and other carmakers to help restart or expand electric vehicle manufacturing and assembly sites in eight…
U.S. gasoline prices have edged slightly higher as oil prices have struggled to break out of the low-$80s, with sluggish U.S. demand one of the…
Europe’s Intercontinental Exchange Inc (ICE) has revealed that trading in European diesel futures and options has been thriving ever since Russian crude was excluded from the continent’s…
China, Japan and South Korea are set to receive cargoes of oil imports from Canada's newly expanded Trans Mountain pipeline in September, becoming the first…
Maritime Strategies International (MSI) has scaled back its Middle East Gulf region jackup drilling demand growth after Saudi Aramco suspended contracts for over 20 jackups. Saudi Aramco's surprise…
For the first time in five years, Indian Prime Minister Narendra Modi landed in Russia for a state visit on Monday, where he is holding…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reached an agreement with oil producers to supply crude oil to domestic refineries at market prices on Wednesday, ending a…
On Wednesday, OPEC released its latest Monthly Oil Market Report (MOMR) wherein it stuck to its forecast for relatively strong growth in global oil demand in 2024…
British Oil & Gas giant BP Plc (NYSE:BP) has predicted that global oil demand will peak next year while wind and solar capacity will continue to grow rapidly. In…
OPEC has stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, citing resilient economic growth and strong rebound…
The ongoing electrification drive and the EV revolution have elicited dire forecasts about the imminent demise of the nearly two-century old oil & gas industry. Last…
Analysts at Citi have predicted that the U.S. Federal Reserve could slash interest rates by 200 basis points in its next eight meetings through the summer…
Independent oil & gas company Devon Energy (NYSE:DVN) has announced plans to acquire Grayson Mill Energy's Williston Basin business in a cash and stock deal valued at ~$5B, consisting of…
Natural gas flows to Freeport LNG's export plant in Texas fell close to zero on Sunday as Hurricane Beryl roared towards the Texas coast, with…
More than 1.8 million homes and businesses in Texas were left without power on Monday after Category 1 hurricane Beryl made landfall near Matagorda around 4…