☄️Saudi Arabia Is Ready To Invest Billions In Hydrogen Production

⏺The country's sovereign wealth fund, led by Crown Prince Mohammed bin Salman, has created Energy Solutions Co. to finance the production of so-called “green” hydrogen. Investment in the new project is expected to be at least $10 billion, and this amount could rise significantly depending on demand for hydrogen. Part of the investment will be carried out jointly with state oil producer Saudi Aramco.

⏺Saudi Arabia is aiming to become one of the world's largest hydrogen producers, wanting to reduce its dependence on oil sales while remaining a global energy supplier. Green hydrogen is made from water and renewable energy and is an attractive solution for countries looking to reduce emissions from energy-intensive industries.

⏺However, green hydrogen remains expensive to produce and the infrastructure to transport it is costly. Saudi Arabia is building one of the world's few large-scale green hydrogen projects, costing $8 billion. Aramco is also interested in producing blue hydrogen using fossil fuels and capturing emissions.

📌Powered by V3V Ventures

436186

17

⚡️Brent Oil Exceeded $80

⏺Oil prices rose above last week's high on Monday as concerns about conflict in the Middle East mounted. Brent, the global oil benchmark, rose 2.8% to $80.33 a barrel amid Hamas rocket attacks on Israel and Israeli retaliatory strikes on targets in Gaza and Lebanon. Investors fear possible attacks on the region's energy infrastructure, which could disrupt oil supplies, or disruptions in the Strait of Hormuz.

⏺There are signs that hedge funds are starting to rethink their positions, trimming large short bets against Brent and increasing long positions early last week, according to ICE data. However, computer-managed funds that tried to track market trends were still likely betting against oil as of Thursday, according to a model portfolio compiled by Société Générale.

⏺Goldman Sachs analyst Dan Stravin predicts that a six-month supply disruption of about 1 million barrels per day could push Brent prices to $85 if OPEC makes up the shortfall. Without compensation, prices may exceed $90. Investors are concerned about a possible escalation of the conflict between Israel and Iran.

📌Powered by V3V Ventures

286495

16

crowparadeart

August 13, 2024, 0:53

All Pokemon merch left.

UNOWNS and SPINNERS are sold as a bulk amount!

$50 for the unowns and $38 for the spinners

The rest you can dm me at @crowparade

265

0

Guys expect a new video of a legit website i will ne sharing with you 🤝

99

0

All DMs will be checked shortly,

We blasted with work atm, so it can take a bit longer to reply🤝

Thank u for understanding

202

0

Happy Birthday To Me ❤️

321

0

crowparadeart

August 9, 2024, 4:20

8/8 YCH Commission 🙂‍↕️
With alt colors
For @CovahAWD

419

4

Hoka order done flawless process :) always appreciate everything Wiz continues to provide❤️

251

0

Easy hoka order. Would use again! Quick service, kind and professional as always

526

0

another successful refund, big ups 🤙🏾

582

0