One of the biggest talking points in Brussels this year is European defense and how to boost it. This discussion has gained momentum due to Russian advances in Ukraine and the pressure from a new U.S. administration. U.S. President Donald Trump has reiterated that 5 percent of gross domestic product (GDP) should be the new...Continue Reading

American and British vessels are cautiously returning to the Red Sea as the Gaza truce and prisoner exchange deal continues to hold. Starting last week Yemen’s Houthi movement made clear that it would honor the ceasefire, and refrain from attacking international vessels in the Red Sea so long as Israel bides by the ceasefire. However,...Continue Reading

North Dakota Native Landowners Seek Changes To Oil Tax Sharing  | 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, 1:30 PM CST Native American landowners in North Dakota are pursuing changes to a historic oil and...Continue Reading

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