In 2023, Saudi Arabia’s Public Investment Fund (PIF) emerged as the leading spender among global sovereign wealth funds, accounting for a quarter of the $124 billion invested by state-owned investors, according to a preliminary report by research consultancy Global SWF. The Saudi fund significantly increased its deal activities from $20.7 billion in 2022 to $31.6… Continue reading Saudi Arabia’s sovereign wealth fund overtakes Singapore’s GIC to top spending table

Oil prices surged over 3% on Wednesday, driven by increased geopolitical tensions and OPEC’s commitment to maintaining market stability. The U.S. issued a warning to Houthi militants, backed by Iran, against further attacks in the Red Sea, following their claim of targeting the CMA CGM Tage container ship. While French shipping giant CMA CGM stated… Continue reading Oil prices rise more than 3% as U.S. warns Houthis against Red Sea attacks, OPEC pledges unity

The year 2023 witnessed increased regulatory efforts globally to establish formal laws for digital currencies, with the U.S. taking stringent legal actions against major players in the industry. The U.S. emerged as one of the most active enforcers, imposing penalties and legal actions on crypto companies. Notably, Binance was ordered to pay over $4 billion… Continue reading United States acts as top cop — setting the crypto standards for the world

Oil prices experienced volatility on Tuesday following Iran’s dispatch of a warship to the Red Sea, intensifying tensions in a crucial waterway for global shipments. The West Texas Intermediate (WTI) contract for February saw marginal gains, rising 1 cent to $71.66 a barrel, while the Brent contract for March increased by 14 cents to trade… Continue reading Oil prices volatile as Iranian warship enters Red Sea after U.S. destroys Houthi boats

The year concluded with U.S. crude oil facing a decline of over 10%, driven by concerns about oversupply in the market due to record production outside OPEC. The West Texas Intermediate (WTI) contract for February closed at $71.65 a barrel, down 12 cents, while the Brent contract for March settled at $77.04, losing 11 cents.… Continue reading U.S. crude oil sheds more than 10% for the year in first annual decline since 2020

ATHA Energy Corp. (CSE: SASK) (FRA: X5U) (OTCQB: SASKF) (“ATHA” or the “Company”) is pleased to announce that, further to its press releases dated December 7, 2023, ATHA has completed a private placement offering of: (i) 8,363,710 charitable federal flow-through common shares of ATHA (the “Federal CFT Shares”) at an issue price per Federal CFT Share of $1.57… Continue reading ATHA Energy Announces Closing of Financing for Aggregate Gross Proceeds of $23,494,532.20

Angola’s decision to exit the Organization of the Petroleum Exporting Countries (OPEC) has brought long-standing tensions within the group to the forefront, with analysts suggesting limited market impact. The move was anticipated, given the recent disagreement at the OPEC+ meeting in November over production baselines, with Angola and Nigeria opposing efforts to deepen their baselines.… Continue reading Angola’s OPEC exit highlights group tensions – but is unlikely to rattle the market

BROOKFIELD, NEWS, Dec. 21, 2023 (GLOBE NEWSWIRE) — Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) and Canada Growth Fund Inc. (“CGF”) and Advantage Energy Ltd. (TSX: AAV) (“Advantage”) today announce that CGF has entered into a strategic investment agreement with Entropy Inc. (“Entropy” or the “Company”), a Calgary-based developer of technologically-advanced carbon capture and… Continue reading Canada Growth Fund Announces Strategic Investment in Entropy Inc. and Carbon Credit Offtake Commitment

Skyharbour Resources Ltd. (TSX-V: SYH)   (OTCQX: SYHBF) (Frankfurt: SC1P) (the “Company”) is pleased to announce that it has acquired by staking two new prospective uranium exploration claims in northern Saskatchewan, increasing Skyharbour’s total land package that it has ownership interest in to 523,097 ha (1,292,600 acres) across 25 projects. These 100% owned claims add an… Continue reading Skyharbour Announces Additional Uranium Property Staking in the Athabasca Basin, Saskatchewan

Oil prices experienced an uptick on Tuesday as tensions escalated in the Red Sea, leading to a decline in tanker traffic due to increased attacks by Iran-backed Houthi militants. The West Texas Intermediate (WTI) contract for January rose by 1.34%, settling at $73.44 a barrel, while the Brent contract for February gained 1.64%, closing at… Continue reading Oil prices rise as shippers suspend Red Sea route amid intensifying Houthi attacks

Trillion Energy International Inc. has completed its 3-D seismic reprocessing for the SASB gas field. The company is now in the process of interpreting the results and tying the results into the existing drilled wells. Significant improvements in seismic technology since the initial processing of the 2004 seismic data offer enhanced data imaging for reservoir… Continue reading TRILLION ENERGY PROVIDES UPDATED SASB 3D SEISMIC WITH NEW STRATIGRAPHIC GAS PROSPECTS

Skyharbour Resources Ltd. (TSX-V: SYH)(OTCQX: SYHBF) (Frankfurt: SC1P) (“Skyharbour” or the “Company”), is pleased to announce that partner company, North Shore Uranium (“North Shore”) has provided an update on the exploration activities at the 55,699 hectare Falcon Property (“Falcon” or the “Property”) located at the eastern margin of the Athabasca Basin in northern Saskatchewan. North… Continue reading Skyharbour’s Partner Company North Shore Uranium Provides Exploration Update with Drilling Planned in Q1 2024 at Falcon Project