spot price of Brent crude oil falls to an average of $82/b in 2H23 and $78/b in 2024.

The UAE's Minister of Foreign Affairs and International Cooperation Abdullah bin Zayed Al Nahyan, France's Minister for Europe and Foreign Affairs Catherine Colonna and India's Minister of External Affairs Subrahmanyam Jaishankar agreed to establish a formal trilateral cooperation initiative last September

The high demand for lithium-ion batteries has translated into shortages of lithium along with shortages of other essential commodities like copper, aluminum, nickel and cobalt.

The transition to a low-carbon world requires a range of other energy sources and technologies, including low-carbon hydrogen, modern bioenergy, and carbon capture, use and storage.

Germany targets 30 GW of offshore wind by 2030. The country had 7.7 GW of offshore wind installed capacity at the end of 2021.

In 2022, the Government Pension Fund Global returned -14.1 percent, equivalent to -1,637 billion kroner.

The Biden-Harris Administration, through the U.S. Department of Energy (DOE), today announced up to $47 million in funding to accelerate the research, development, and demonstration (RD&D) of affordable clean hydrogen technologies.

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.

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.

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.

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).

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

The UAE government has also announced that it will invest US$30bn in South Korea’s nuclear power, defense, solar, and hydrogen industries. The investment will come from sovereign wealth funds, which include the UAE’s Mubadala Investment Company.

The Brent crude oil price will average $83 per barrel (b) in 2023, down 18% from 2022, and continue to fall to $78/b in 2024 as global oil inventories build, putting downward pressure on crude oil prices.