Author name: David Ryabchikov

Trump’s tariff bombardment sends global markets reeling

Trump’s tariff bombardment sends global markets reeling

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World stock markets and oil prices tumbled and investors dashed to the relative safety of bonds, gold and the yen Thursday, as President Donald Trump’s drastic U.S. trade tariffs stirred widespread fears of a global recession. A new baseline 10% tariff on imported goods plus some eye-watering additional ‘reciprocal’ tariffs on countries Trump said put high trade barriers on […]

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Global Oil Demand Robust Despite Tariff Chaos

Global Oil Demand Robust Despite Tariff Chaos

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Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Mar 20, 2025, 6:00 PM CDT Oil demand remains strong despite bearish sentiment, with January consumption reaching 102.77 mb/d. Standard Chartered projects demand to exceed 105 mb/d in mid-2025, even as U.S.

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Oil Updates — prices rise on demand outlook strength, weaker US dollar

Oil Updates — prices rise on demand outlook strength, weaker US dollar

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Saudi Arabia grants $97.5m exploration licenses for first mineral belts at Jabal Sayid, Al-Hajjar JEDDAH: Saudi Arabia has granted exploration licenses worth SR366 million ($97.5 million) to local and international companies for its first mineral belts at Jabal Sayid and Al-Hajjar. These two sites, covering a combined area of 4,788 sq. km, are part of

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‎Oil prices rise as markets assess impact of US sanctions on Iran, Russia

‎Oil prices rise as markets assess impact of US sanctions on Iran, Russia

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Oil drilling rigs Oil prices climbed on Friday as markets evaluated the potential impact of tightened US sanctions on Iran and Russia on global crude supply. At settlement, Brent crude futures for May delivery rose 1%, 70 cents, to $70.58 a barrel, posting a weekly gain of 0.3%. Meanwhile, US WTI crude futures for April

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‎US crude oil inventories rise more than expected; gasoline stocks down

‎US crude oil inventories rise more than expected; gasoline stocks down

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Oil tanks US crude oil inventories increased more than expected during the week ended March 7. Data from the US Energy Information Administration (EIA) released today, March 12, showed that commercial crude oil inventories gained 1.4 million barrels last week, exceeding expectations of a 1.2-million-barrel hike. Meanwhile, gasoline stocks declined by 5.7 million barrels, with

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