Trends
![Trends](/cache/01-21/oil-62.66029555.jpg)
2021, January, 22, 11:35:00
OIL PRICES 2021-22: $50-$55
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.
![Trends](/cache/01-21/irena-1.c352d699.jpg)
2021, January, 22, 11:15:00
ENERGY TRANSITION FORUM
IRENA’s Members overwhelmingly approved the establishment of a new, vision-building Global High-Level Forum on Energy Transition,
![Trends](/cache/01-21/hydrogen-54.3515b77a.jpg)
2021, January, 22, 11:05:00
GLOBAL HYDROGEN DEMAND UPDOWN
Global hydrogen demand is currently dominated by the refining and ammonia production industries that primarily use natural gas as a feedstock.
![Trends](/cache/01-21/nuclear-4.a2830b83.jpg)
2021, January, 21, 14:10:00
U.S. NUCLEAR DEVELOPMENT
The U.S. nuclear energy industry pulled out some big wins in 2020,
![Trends](/cache/01-21/uae-69.401345da.jpg)
2021, January, 20, 14:25:00
UAE, U.S. STRATEGIC ALLIANCE
Dr. Al Jaber said, "Our strategic alliance with the U.S. is also very strong.
![Trends](/cache/01-21/solar-42.e922a322.jpg)
2021, January, 20, 14:15:00
SOLAR MARKET EXPANDING
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
![Trends](/cache/01-21/gas-2.2a3a1d8c.jpg)
2021, January, 19, 13:50:00
EU GAS MARKETS ARE CHANGING
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.
![Trends](/cache/01-21/usa-6.b47b61ca.jpg)
2021, January, 19, 13:45:00
U.S. FOSSIL FUEL WILL UP
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.
![Trends](/cache/01-21/wind-5.f39c3683.jpg)
2021, January, 19, 13:30:00
SCOTLAND WIND POWER 10 GW
In October 2020, the Scottish government raised its target for offshore wind power capacity by 2030 from 8 GW to 11 GW.
![Trends](/cache/01-21/oil-3.06a8c6cf.jpg)
2021, January, 15, 12:00:00
GLOBAL OIL DEMAND WILL UP BY 5.9 MBD
For 2021, global oil demand is forecast to increase by 5.9 mb/d y-o-y to average 95.9 mb/d.
![Trends](/cache/01-21/price-5.24434146.jpg)
2021, January, 15, 11:55:00
OPEC+ STABILIZATION
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.
![Trends](/cache/01-21/energy-1.6f31171e.jpg)
2021, January, 15, 11:20:00
ENERGY LANDSCAPE IS CHANGING
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.
![Trends](/cache/01-21/digit-1.6b07a4c6.jpg)
2021, January, 15, 11:15:00
GRID DIGITALIZATION: BENEFITS AND CHALLENGES IN 2021
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).
![Trends](/cache/01-21/nuclear-1.0231cc0c.jpg)
2021, January, 14, 13:45:00
U.S. SMALL NUCLEAR PROMOTION
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,