Oil prices experienced a decline on Monday due to concerns about China’s economy following the liquidation of China Evergrande, one of the country’s major property developers. Global benchmark Brent dropped 1.38% to $82.40 a barrel, while U.S. West Texas Intermediate futures fell 1.56% to $76.79 a barrel. The court-ordered liquidation of China Evergrande has added… Continue reading Oil prices fall as China property crisis overshadows Middle East violence

Oil prices are set to conclude the week with gains, driven by optimism around U.S. economic growth and stimulus measures in China, raising expectations for increased crude demand in 2024. The West Texas Intermediate (WTI) contract for March experienced a slight decline, down 1.2% to $76.43 a barrel, while the Brent contract for March traded… Continue reading Oil poised for weekly gain as U.S. economic growth, China stimulus raise demand hopes

The world’s largest uranium producer, Kazatomprom, is facing production challenges that are expected to result in falling short of production targets through 2025. Construction delays and issues related to the availability of sulfuric acid, a critical component in the extraction process, have contributed to this setback. As a major player in the uranium market, accounting… Continue reading Uranium prices could rally past 16-year highs as the world’s largest producer runs short

Skyharbour Resources Ltd.’s (TSX-V:SYH)(OTCQX:SYHBF) (Frankfurt:SC1P) (the “Company”) partner company Azincourt Energy (“Azincourt”) is pleased to provide an update on preparations for the winter drill program at the East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada. Project Location – Western Athabasca Basin, Saskatchewan, Canada:https://skyharbourltd.com/_resources/maps/Sky_EastPreston_20231219.jpg Winter 2024 Drill Program:  Azincourt is planning a follow up drill program for… Continue reading Skyharbour’s Partner Azincourt Energy to Drill Test Clay Alteration at the East Preston Uranium Project

 FN Media GroupNews Commentary – Experts see that base demand for uranium will continue to outpace the combined existing production, secondary supply and returning mine production through 2040, according to projections. A recent article in the American Nuclear Society’s site, NuclearNewswire, said Investors continue to be bullish on uranium, according to a number of recent news reports. Stockhead recently trumpeted,… Continue reading Why Industry Experts Are Expecting a Bull Market For Uranium Stocks In 2024

At least six crude tankers are taking a longer route around Africa’s Cape of Good Hope instead of using the Suez Canal, which adds up to 45 days to the voyage. This diversion is a result of Houthi rebel attacks in the Red Sea, posing a risk to European tanker supplies. The decision for diversions… Continue reading As more crude tankers divert from Suez Canal, there’s a ‘sea change’ in way Europe is buying crude

The article reports that oil prices remained mostly steady as investors monitored developments suggesting a potential two-month pause in the conflict in Gaza. Israel proposed the pause in exchange for the release of remaining hostages by Hamas, marking a significant de-escalation if agreed upon. However, Hamas rejected the proposal, demanding Israel to end its offensive… Continue reading Oil prices flat after Israel proposes two-month pause of Gaza fighting

Exxon Mobil has taken an unprecedented step by filing a lawsuit against activist investors, Arjuna Capital and Follow This, in an attempt to prevent them from submitting climate proposals at the company’s annual shareholder meeting. The lawsuit, filed in the U.S. District Court for the Northern District of Texas, accuses the activists of having an… Continue reading U.S. oil giant Exxon Mobil sues activist investors to prevent climate proposals

Oil prices experienced a surge on Monday as reports emerged that Ukraine had attacked a major Russian fuel terminal over the weekend, reigniting concerns about potential disruptions in the global oil supply. The West Texas Intermediate (WTI) futures contract for February rose by $2.13, or 2.9%, reaching $75.54 per barrel, while the Brent contract for… Continue reading Oil rises more than 2% after suspected Ukraine drone attack on Russia fuel terminal

BP has appointed Murray Auchincloss as its permanent CEO, succeeding Bernard Looney who resigned four months ago. Auchincloss, the former chief financial officer, had been serving as interim CEO since Looney’s departure. His appointment comes after Looney resigned due to undisclosed personal relationships with colleagues prior to becoming CEO. Auchincloss, who has been with BP… Continue reading BP appoints Murray Auchincloss as permanent CEO

Anfield Energy Inc. has provided a corporate review of 2023 and is discussing its 2024 plans. Anfield continues its advance toward United States-based uranium and vanadium production, and is poised to benefit from the escalating world-wide demand for uranium. Corey Dias, Anfield’s chief executive officer, states: “We at Anfield are very proud of our transformational… Continue reading ANFIELD ENERGY PROVIDES 2023 CORPORATE REVIEW AND OUTLINES PLANS FOR 2024

Birchcliff Energy Ltd. has provided details of its 2024 budget and guidance and its updated five-year outlook for 2024 to 2028. Birchcliff’s board of directors has declared a quarterly cash dividend of 10 cents per common share for the quarter ending March 31, 2024. Chris Carlsen, Birchcliff’s president and chief executive officer, commented: “Birchcliff’s 2024… Continue reading BIRCHCLIFF ENERGY LTD. ANNOUNCES 2024 BUDGET AND GUIDANCE AND UPDATED FIVE-YEAR OUTLOOK AND DECLARES $0.10 PER COMMON SHARE DIVIDEND FOR Q1 2024