Goldman Sachs has warned that global oil prices could surge well above $100 per barrel if disruptions in the Strait of Hormuz persist, highlighting the fragility of energy markets amid escalating geopolitical tensions.

According to a report from the GCC Statistical Center, Gulf states saw a significant increase in renewable energy production in 2024, fueled by rapid growth in solar and wind capacity.

Solar and wind power now account for about one-third of Türkiye's total installed electricity capacity, according to data released Monday from the Energy and Natural Resources Ministry.

Almaty Airport plans a major expansion that will boost its annual passenger capacity to 40 million. The airport served 11.4 million travellers in 2024 and is being upgraded under a master plan running to 2050.

Italy will expand prison capacity by 15,000 places and transfer inmates with addiction issues to treatment centers to address severe overcrowding.

OPEC+ will create a new mechanism to evaluate the maximum oil production capacities of member countries, which will help determine base production levels for the 2027 OPEC+ agreement, according to a statement released after the latest ministerial meeting.

China’s combined operational and under-construction nuclear power capacity has exceeded 120 million kilowatts.