Crude Oil Dec 30 (CLZ30.NYM)
- Yahoo Finance Video
Citi forecasts 2024 headwinds for energy stocks
Citi analysts anticipate energy stocks to face headwinds in 2024 on spare oil capacity estimates. Yahoo Finance Senior Business Reporter Ines Ferré reiterates Citi's notes on crude oil supplies following OPEC+'s latest production cut. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance
Energy stocks' big challenge in 2024: Too much oil
Oil-related equities face a headwind next year, according to analysts at Citi: excess spare capacity.
- Financial Times
Oil and gas industry turn up in force at COP28 in Dubai, UN data shows
Oil and gas representatives outnumber most of the national delegations at COP28, an analysis of UN data by campaign groups has found, in a sign of increasing industry efforts to influence the discussion about global climate change policy. The breakdown of attendees identified more than 2,450 people designated as representatives from the fossil fuel sector, said a coalition of non-profit organisations under the Kick Big Polluters Out banner. Executives and employees paid by traditional oil, gas and coal companies were included in the tally, along with staff of companies dependent on the industry for revenue, as well as the lobby and trade groups that have publicly supported it.
