The price of Brent crude oil to increase from its December 2020 average of $50 per barrel (b) to an average of $56/b in the first quarter of 2021. The Brent price is then expected to average between $51/b and $54/b on a quarterly basis through 2022.

IRENA’s Members overwhelmingly approved the establishment of a new, vision-building Global High-Level Forum on Energy Transition,

Paris Climate Agreement

Global hydrogen demand is currently dominated by the refining and ammonia production industries that primarily use natural gas as a feedstock.

The U.S. nuclear energy industry pulled out some big wins in 2020,

Dr. Al Jaber said, "Our strategic alliance with the U.S. is also very strong.

The expanding solar market could also provide a needed source of employment for the recession-stricken nation. Renewable energy employs 11.5 million people worldwide, and solar power accounts for 33% of that

The European Commission is planning to issue new proposals for gas legislation in the last quarter of 2021. EU gas markets are on the cusp of dramatic changes.

U.S. production of all fossil fuels—crude oil, coal, dry natural gas, and natural gas plant liquids (NGPL)—to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.

In October 2020, the Scottish government raised its target for offshore wind power capacity by 2030 from 8 GW to 11 GW.

For 2021, global oil demand is forecast to increase by 5.9 mb/d y-o-y to average 95.9 mb/d.

The OPEC+ alliance, led by Saudi Arabia and Russia, decided in December after days of heated negotiations to ease their stringent quotas by a collective 500,000 b/d for January, instead of the originally scheduled 2 million b/d tapering.

Assuming human behavior holds steady, a big transition to electricity will send demand skyrocketing. Making matters worse, this will all be happening as we transition away from easily scaled fossil fuel sources to more finicky renewables.

The modern grid, also known as the smart grid, is interconnected and automated, with many technologies involved, including artificial intelligence (AI), edge computing, and the Internet of Things (IoT).

It is the policy of the United States to promote advanced reactor technologies, including small modular reactors, to support defense installation energy flexibility and energy security, and for use in space exploration,