energy consumption News

OPEC Holds Steady: Global Oil Demand Growth Forecast Remains at 1.3 Million Barrels Per Day

OPEC's July report reaffirms a steady global oil demand growth of 1.3 million bpd for 2025 and 2026, with non-OECD countries driving most of the increase. The transportation sector...

Global Oil Demand in 2025 Faces Significant Downturn as IEA Slashes Forecasts

The International Energy Agency (IEA) has revised its 2025 global oil demand forecast downward, indicating significant changes in energy consumption trends and market expectations....

EIA Forecasts Brent Crude to Hit $91 per Barrel by 2050 Amid Shifting Energy Consumption Trends

The EIA predicts Brent crude prices will rise to $91 per barrel by 2050, with WTI reaching $89. US energy consumption is expected to decline before rising again in the 2040s, yet r...

EIA Forecasts Brent Crude Oil to Hit $91 per Barrel by 2050, Signaling Long-Term Energy Shifts

The EIA predicts Brent crude oil prices will rise to $91 per barrel by 2050, with WTI reaching $89. US energy consumption is expected to decline before rebounding in the 2040s, but...

IEA Downgrades 2025 Oil Demand Outlook Amid Changing Global Dynamics

The International Energy Agency has adjusted its 2025 global oil demand growth forecast to 1.05 million bpd, citing factors like lower fuel prices and colder weather. It also expec...