Via Metal Miner Specialty and stainless longs producer Swiss Steel recently reached an agreement on a plan to reduce the workforce at its production site in Lucerne Canton, in central Switzerland. The move represents another blow to the European steel industry, which continues to struggle. The Lucerne-headquartered company now plans to reduce up to 50...Continue Reading

Suriname’s Economy Forecast To Grow 55% In 2028 With First Oil | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Jan 29, 2025, 12:30 PM CST Suriname’s GDP will expand at a brisk 55% annual clip in 2028 when...Continue Reading

China’s Search for a New Economic Engine | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Jan 29, 2025, 12:00 PM CST China is shifting its economic...Continue Reading

U.S. Upstream Oil & Gas M&A Hit $105 Billion In 2024 | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Jan 29, 2025, 11:30 AM CST Mergers and acquisitions in the U.S. upstream oil and gas industry hit $105...Continue Reading

Ukraine Launches Major Drone Assault on Russian Oil Infrastructure | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jan 29, 2025, 11:00 AM CST Ukraine carried out...Continue Reading

Development Banks Have $56-Billion Plan to Boost Africa’s Access to Electricity | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 29, 2025, 10:30 AM CST International lenders and partners this week committed another $8 billion in financing to a $48-billion project by the World Bank...Continue Reading

Crude oil inventories in the United States saw a large build of 3.5 million barrels during the week ending January 24, according to the U.S. Energy Information Administration. Crude oil prices were trending lower today prior to the release of the U.S. Energy Information Administration, with both the WTI and Brent benchmarks trading down roughly...Continue Reading

Ukraine Drones Hit Second Russian Oil Refinery in Less Than a Week | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 29, 2025, 9:30 AM CST Ukraine early on Tuesday hit with drones an oil refinery near Nizhny Novgorod in western Russia, the General Staff...Continue Reading

Imagining the Future of Energy Storage | OilPrice.com Alan Mammoser Alan Mammoser writes about energy, environment, cities, infrastructure and planning. He writes the weblog, www.warmearth.us More Info Premium Content By Alan Mammoser – Jan 29, 2025, 9:00 AM CST A new report highlights the importance of molecular energy storage (like hydrogen) in addition to batteries...Continue Reading

Europe’s Strictest ESG Funds Hit by Record Outflows | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jan 29, 2025, 8:30 AM CST Poor returns prompted investors to withdraw record amount...Continue Reading