Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.
Germany and Poland have finally reached an agreement that will see Poland supply enough crude to Germany's Schwedt refinery that it seized from Russia in…
Shares of leading Brazilian National Oil Company (NOC) Petroleo Brasileiro SA aka Petrobras (NYSE: PBR) lost R$30 (~US$5.6) billion in market value on Wednesday after…
Historically, the prices of two of the world’s biggest commodities, crude oil and iron ore, are strongly correlated, which is hardly surprising given that they…
Reliance on Russian fuel for nuclear reactors amid Vladimir Putin’s war on Ukraine has led to the delay of a much-awaited high-tech nuclear energy project…
Brazilian financial markets were left in turmoil after the lower house of Congress voted late on Tuesday to make it easier for politicians to take…
The U.S. energy sector has enjoyed bumper profits in the current year, with Big Oil companies setting records left, right and center. And Wall Street…
As part of China’s ongoing drive to bolster its position in the Middle East, Chinese President Xi Jinping has pledged to increase development aid to…
Last week, Beijing announced the most sweeping changes to its strict Covid-19 guidelines, including relaxing testing requirements and travel restrictions. Further, people infected with Covid-19…
The Bank of America has predicted that Brent could quickly go past $90 per barrel on the back of a dovish pivot in the U.S.…
U.S. natural gas futures have extended their rally, jumping nearly 10% on Monday’s session following forecasts for much colder weather as well as higher heating…
Earlier in the year, supertanker freight rates hit record levels as traders scrambled to park crude in storage to take advantage of a record gap…
A couple of months ago, U.S. President Joe Biden urged energy companies to stop ‘war profiteering’ and even threatened to slap them with windfall…
The world’s biggest exporter of crude oil, Saudi Arabia, has just reported a budget surplus, the first time it has done so in nearly 10…
After a relentless month’s long climb that saw gas prices hit record highs, U.S. national average gas prices have plummeted so much that Americans are…
WTI and Brent crude oil prices fell for a third straight session on Tuesday, with the U.S. benchmark now at its lowest level in a…
Scores of solar stocks rallied hard on Friday after a probe by the U.S. Commerce Department cleared several companies of tariff evasion though some foreign…
Russian crude-oil exports have taken a serious hit since new sanctions and a price cap came into force earlier in the week, with the Wall…
New Mexico is set to overtake Mexico’s crude oil production in the current month. That’s what commodity analysts at Standard Chartered have projected in a…
Oil prices climbed on Monday morning after OPEC+ resolved on Sunday to stay the course on oil production cuts ahead of the implementation of a…
After a relentless month’s long climb, U.S. national average gas prices have declined, falling 16 cents from a week ago to $3.403 per gallon on…