This dramatic growth in renewable energy capacity reinforces the fact that India is witnessing an unprecedented energy transition to low-carbon development,

Budget 2021-22 is a mixed bag in terms of support for India’s transition to a sustainable, low carbon economy.

Based on assessments of energy venture capital deal flow, market analyses, and conversations with industry insiders, below are four indisputable utility sector trends -- regardless of whether the 2020 craziness repeats itself -- and the emerging, venture-backed technologies on the market to support the energy transition in 2021.

U.S. Rig Count is up 5 from last week to 397, Canada Rig Count is up 5 from last week to 176.

Brent was down 39 cents, or 0.6% at $60.75 a barrel. WTI was down 44 cents, or 0.8% at $57.80 a barrel.

For 2021, oil demand is now anticipated to increase by 5.8 mb/d, revised down by around 0.1 mb/d from last month’s projection, to average 96.1 mb/d.

U.S. commercial crude oil inventories decreased by 9.9 million barrels to 476.7 million barrels.

OPEC has long maintained that oil will remain a dominant energy source in the decades to come.

To meet the global cumulative demand over the next 30 years, undeveloped and undiscovered resources totaling 313 billion barrels of oil need to be added to currently producing assets.

According to the Brazilian Association for Distributed Generation (ABGD), the DG segment will grow by over 50% during this year, closing 2021 with an installed capacity of more than 7GW.

Brent fell 35 cents, or 0.6%, to $61.12 a barrel. WTI slid 34 cents, or 0.6%, to $58.34 a barrel.

U.S. increases in net crude oil imports in 2021 and 2022 because domestic crude oil production and inventory draws alone will not meet the needs of U.S. refineries.

European stocks opened higher, with the STOXX 600 and London’s FTSE 100 up 0.3%. That followed a subdued Asian session as markets in China, Japan, South Korea and Taiwan were closed for holidays.

Total preserves its financial strength with a gearing of 21.7% at the end of 2020.

Brent was down by 1 cent at $61.08. WTI dropped 8 cents to $58.28.