Saudi Arabia also intends to develop carbon capture use and storage (CCUS), and to reduce global methane emissions in 2030 by 30% relative to 2020 levels. It will focus on energy efficiency in industry, building and land transportation and plans to retrofit the entire pool of public and governmental assets and facilities.

As of end-2020, China had nearly 282 GW of installed wind capacity, and over 253 GW of solar capacity.

Australia's adoption of a net zero emissions target is significant as it is one of the largest producers and exporters of fossil fuels and falling in line with the UN mandated net zero pledge would signal there could be tighter regulations on emissions reduction.

Brent increased 56 cents, or 0.7%, to $86.09 a barrel, WTI rose 62 cents, or 0.7%, to $84.38 a barrel.

Known as ROSA-N, the new model was developed by scientists in Rosatom's Proryv (Breakthrough) project, which works towards deployment of fast reactors and a closed nuclear fuel cycle.

A meeting of the joint working group of Gazprom and the Government of Mongolia on the implementation of the Memorandum of Understanding regarding the project for pipeline gas supplies from Russia to China across Mongolia took place today in Ulan-Bator, Mongolia.

The Solar Energy Corporation of India (SECI) has initiated a tender for 1,200 MW of wind projects under the tranche XII of the interstate transmission-connected (ISTS) programme.

The Cabinet of Japan has approved the 2030 renewables target (including hydropower) of 36-38% of the country's power mix by 2030 that was unveiled in July 2021.

Chile has unveiled a new National Energy Policy, a roadmap for the development of the sector, which targets 80% of renewables in power generation by 2030 and 100% by 2050

U.S. Rig Count is down 1 from last week to 542, Canada Rig Count is down 4 from last week to 164.