Nuclear energy provides more than a quarter of the world's clean power. Over the last half century, it has avoided the release of more than 70 gigatonnes of greenhouse gases.

Nuclear accounts for almost 75% of France's power production, but former French president Francois Hollande said he aimed to limit its share of the national electricity generation mix to 50% by 2025,

The announcement followed the unveiling of the government’s net zero strategy which set out £120 million towards nuclear projects through the Future Nuclear Enabling Fund.

The plan says Japan should set ambitious targets for hydrogen and ammonia energy, carbon recycling and nuclear energy and notes that offshore wind and the use of rechargeable batteries have potential for growth.

In December 2020, the UK government announced it would begin talks with EDF Energy to enable investment in the planned Sizewell C nuclear power plant project. The latest government statement confirmed these negotiations are ongoing.

China stated that it aims to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060.

As per the recently released, World Energy Outlook 2021, IEA forecasts that’s India's power demand is slated to nearly treble to 5000 TWh by 2050, let primarily by renewable sources of energy.

The Company's work in this promising direction will make it possible to strengthen the position of Gazprom in foreign markets and address in a more flexible manner the tasks related to providing reliable gas supplies to domestic consumers.

The Jazan IGCC project will convert vacuum residue to be produced in the adjacent Jazan refinery (400,000 bbl/d) into synthesis gas (syngas).

U.S. commercial crude oil inventories increased by 4.3 million barrels from the previous week to 430.8 million barrels.

Brent dropped $1.07, or 1.3%, to $83.51 a barrel, WTI was down $1.20, or 1.5%, at $81.46.

None of the 40 indicators it assessed are in line with the 2015 Paris Agreement goal of reining in average temperature rise to "well below" 2C, and ideally 1.5C, above preindustrial times.

OPEC+ has been sticking to its script of bringing on 400,000 b/d of crude to the market each month, with the Saudi energy minister suggesting panic buying is causing much of the market tightness.

Chinese energy firms and government researchers expect a significant increase in gas demand for power generation and industrial sectors this winter as a nationwide coal supply crunch and power outtages drive up demand for alternative fuels.

The increase in supply should help alleviate some of the price pressure in the domestic gas market as trucked LNG prices have soared to more than Yuan 7,000/mt ($1,093.82/mt), imported LNG remains over $30/MMBtu in the spot market and wider energy shortages persist amid cold weather.