Oil markets are set to remain in deficit through to the end of 2025 unless Saudi Arabia and its allies boost output significantly.

The California-based oil giant is working with naval authorities in the U.S. and Middle East to move its cargoes through the region, said CEO Mike Wirth.

The resolution has already received support from Scottish Widows, Candriam and Rathbones Group, as well as the French asset management firm Amundi.

Kazatomprom said January 12 that shortages of sulfuric acid and construction delays at newly developed deposits are creating production challenges that could persist into 2025.

The situation is even causing a rise in demand for shipping containers in Asia as shippers and forwarders foresee cargo demand in the coming weeks.

Instead of buying at current levels the ministry is asking state-owned Indian Strategic Petroleum Reserves Ltd. to lease out empty underground storage to refiners and global oil majors.

The U.S. is on track to cut greenhouse gas emissions by only around 40% by 2030 when compared to 2005 levels if the country does not make any other changes.

Eversource Energy is in exclusive negotiations to sell its 50% stakes in the developments to a “global private infrastructure investor,” it said January 8 in a statement.

The British government is promoting big batteries as a means to store cheap renewable electricity at times when the grid is oversupplied.

GE Vernova will utilize its Pensacola, Florida factory to fulfill the large order, while tower manufacturing operations will come from facilities in Texas, New Mexico and Colorado.