We expect Brent prices will remain near current levels for the remainder of 2021, averaging $81/b during the fourth quarter of 2021. In 2022, we expect that growth in production from OPEC+, U.S. tight oil, and other non-OPEC countries will outpace slowing growth in global oil consumption and contribute to Brent prices declining from current levels to an annual average of $72/b.

Japan’s greenhouse gas (GHG) emissions decreased by 2.9% in the financial year 2019-2020

In 2016, fuel combustion activities accounted for 95% of Kuwait total GHG emissions (86 MtCO2eq),

Brent was up 1 cent at $83.66 a barrel. WTI fell 50 cents, or 0.6%, to $80.02.

This scenario also sees an accelerating pace of change in the power sector, sufficient to realise a gradual decline in the sector’s emissions even as global electricity demand nearly doubles to 2050.

The global economy is projected to grow 5.9 percent in 2021 and 4.9 percent in 2022

India is more exposed to the international spot coal market as it does not have many longer-term supply contracts. So, when spot prices jump, you see a corresponding decrease in imports

Japan pledged to achieve net-zero emissions by 2050.

The project, which is expected to generate 5 TWh/year, will comprise 70-100 turbines with a capacity of 12-20 MW.

Brent was up 1 cent at $83.66 a barrel. WTI fell 50 cents, or 0.6%, to $80.02.