The International Energy Agency (IEA) has increased its projection for oil consumption in 2021 by nearly 200,000 barrels per day, bringing the total to 1.9 million barrels per day. This would result in an average of 101.7 million barrels per day, which is higher than before the pandemic and a record amount.
Europe was able to keep its lights on this winter despite not having Russian energy, by burning more coal than it has in years.
A report from a prominent committee of British legislators has suggested that hydrogen may have a limited role in the U.K.'s transition to a net-zero economy.