The International Energy Agency (IEA) announced on Thursday a forecast of unprecedented global investments in clean energy technologies for 2025. Despite prevailing economic uncertainty and escalating geopolitical tensions, total spending on global energy is expected to reach a record $3.3 trillion (approximately €2.89 trillion). This marks a significant shift in the energy sector, emphasizing the accelerating transition from fossil fuels to sustainable alternatives.

Oil prices began Tuesday's Asian trading session with notable gains as geopolitical and environmental factors reignited fears of supply shortages. Brent crude futures climbed by 55 cents, or 0.85%, reaching $65.18 per barrel by 00:00 GMT. U.S. benchmark West Texas Intermediate (WTI) followed suit, increasing by 59 cents, or 0.94%, to $63.11 per barrel. These gains extend the momentum from the previous trading day, where both benchmarks posted a nearly 3% rally.

Goldman Sachs $GS forecasts that the oil-producing alliance OPEC+, which includes major exporters such as Saudi Arabia and Russia, will raise its output by 410,000 barrels per day (bpd) in August. The projection, published in the bank's latest research note, follows the group’s decision on Saturday to increase July production by the same volume, signaling a clear intent to regain market share and exert pricing discipline on downstream refiners.