National Energy Plan of Türkiye has been announced and published last week by the Ministy of Energy and Natural Resources. The plan which is prepared based on 2053 Net Zero Emission target covers the period of 2020-2035.

Brent gained 30 cents, or 0.34%, to $87.77 a barrel, WTI rose 34 cents to $81.35 per barrel.

The U.S. Department of Energy (DOE) today announced $118 million in funding for 17 projects to accelerate the production of sustainable biofuels for America’s transportation and manufacturing needs.

Nuclear currently accounts for almost 75% of France's power production, but former president Francois Hollande's government announced in 2014 that this would be capped at the current level of 63.2 GWe and would be limited to 50% of total output by 2025.

The UAE has an installed capacity of 42 GW (end of 2021), with 35 GW of gas, 2.8 GW of nuclear and 2.7 GW of solar.

Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022, according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.

U.S. commercial crude oil inventories increased by 0.5 million barrels to 448.5 million barrels.

Brent rose 22 cents, or 0.3%, to $86.35 per barrel, WTI climbed 13 cents, or 0.2%, to $80.26 per barrel.

China’s power consumption will increase by around 6% in 2023 (after an estimated 3.6% increase in 2022) and that the country will instal around 250 GW of new capacity during the year.

According to the latest issue of FERC's monthly "Energy Infrastructure Update" (with data through November 30, 2022), "high probability" additions by solar to U.S. generating capacity between December 2022 and November 2025 will total 72,809 megawatts (MW).

The new "state-of-the-art mineral processing plant" will be designed and constructed to recover uranium, vanadium and cobalt from ore from Western's mines and that produced by other miners.

The significant changing consumption needs and generation patterns are causing significant concerns that existing ageing infrastructure is becoming a major source of risk to power grid safety, reliability and financial exposure and in failing to deliver power on the expected 24 x 7, we need.

Brent was down 11 cents, or 0.1%, to $87.52, WTI fell 8 cents, or 0.1%, to $81.56 a barrel.

Dutch front-month futures, were 0.2% lower at €66.80 a megawatt-hour by 8:58 a.m. in Amsterdam, after rising as much as 3.1% earlier.

China’s National Energy administration (NEA) has announced that the country’s installed capacity increased by nearly 8% 2022.