ENERGY

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…)

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…)

Authored by Charles Kennedy via OilPrice.com,

The European Commission is expected to unveil in February a new industrial alliance on small modular reactors (SMRs), aiming to deploy the first small nuclear projects in Europe early next decade.

SMRs are advanced nuclear reactors that have a power capacity of up to 300 MW(e) per unit, which is about one-third of the generating capacity of traditional nuclear power reactors, according to the International Atomic Energy Agency (more…)