NUCLEAR - 2050: 25%
WNN - World Nuclear Association presented its Harmony programme to members of Foratom, the Brussels-based trade association for the nuclear energy industry in Europe. Harmony is the nuclear industry vision for the future of electricity and how nuclear energy can help the world achieve its 2-degree climate target.
According to the Association, nuclear power capacity will need to grow significantly around the world in order to meet the International Energy Agency's 2-degree scenario, Foratom noted.
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US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.
Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.
Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).
U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.