9 Factors Driving Energy Markets In 2024 | ZeroHedge

Authored by Rystad Energy via OilPrice.com,

  • Political changes in over 70 countries will impact oil markets and renewable energy policies.

  • Natural gas and hydrogen will play key roles in the ongoing energy transition and meeting global energy needs.

  • Renewable energy growth will continue with solar and wind power leading the charge, despite challenges in offshore wind and coal power sectors.

Hot off the heels of another tumultuous and eventful year for the global (more…)

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Saudi Tankers Given Passage Through Red Sea By Houthis, Alongside Russia & China | ZeroHedge

China and Russia aren't the only countries being given a "pass" from Yemen's Houthi rebels, but Saudi Arabia is also exporting crude oil through the Red Sea as if in perfectly normal times (well, almost).

At a moment that especially Western and any and all Israeli-linked vessels are being targeted by rocket and drone attacks out of Yemen, the head of Aramco’s refining, oil trading and marketing division Mohammed Al Qahtani has confirmed to Bloomberg,  (more…)

Continue ReadingSaudi Tankers Given Passage Through Red Sea By Houthis, Alongside Russia & China | ZeroHedge

Explaining ExxonMobil’s Pre-Emptive Attack On Shareholder Activists | ZeroHedge

Authored by Leonard Hyman & William Tilles via OilPrice.com,

  • ExxonMobil isn’t taking any chances in letting activist shareholders propose a resolution to speed up emission reduction plans.

  • ExxonMobil went to a Federal court in Texas to prevent the activists from getting their resolution on the ballot.

  • ExxonMobil argued that the resolution “does not seek to improve  ExxonMobil’s economic performance or create shareholder value.”

We should not have been (more…)

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