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Inflation data and earnings from Costco and Broadcom will be front and center.

"It's not a good idea to bring volumes in the first quarter," Saudi Arabia's Abdulaziz bin Salman assessed, with reference to demand and global uncertainty.

Thermal batteries store renewable energy as heat, offering a cost-effective way for industries like steel and cement to reduce carbon dioxide emissions.

OPEC+ will keep production cuts in place until April.

This production cut was previously due to start being phased out in December.

Britain's Shell and Norway's Equinor on Thursday announced plans to combine their British offshore oil and gas assets to create a jointly owned energy company.

Britain is forecast to hit "peak petrol" in 2024, according to a new report, with EVs on track to assume a much bigger share of the country's car market.

Ohio Senator-elect Bernie Moreno said the $7,500 EV tax credit should be eliminated and instead let the automakers and consumers decide what cars to buy.

Trump has pledged to "end Biden's delays in federal drilling permits and leases that are needed to unleash American oil and natural gas production."

Norway has shelved plans to open a vast ocean area at the bottom of the Arctic for commercial-scale deep-sea mining.