The growth in the popularity of electric vehicles in the USA has led to an increase in electricity consumption by nearly 70%. This is a testament to the accelerated transition to eco-friendly technologies and changes in the country's energy balance. Learn more about the trends and implications of this surge. The share of electric vehicles (EVs) and ...

... deal before August 1, when a pause before new U.S. tariffs ends). These moves alleviate concerns about a slowdown in the global economy and support global oil demand. Additionally, the summer vacation season is driving increased gasoline and jet fuel consumption in the U.S. and China. Major producers forecast that global oil consumption will rise by approximately 1.2 to 1.3 million barrels per day in the second half of 2025. OPEC+ Supply. The OPEC+ alliance is gradually increasing production after ...

... record-breaking: in June, Europeans injected approximately 12.4 billion cubic meters of gas into storage, representing the highest monthly volume in the last three years. Contributing factors to this surge include a relatively mild winter and reduced consumption, as well as increased imports of liquefied natural gas (LNG)—around 12 billion cubic meters of LNG arrived in Europe in June, marking a record figure for the first summer month. High gas reserves allow Europe to feel more secure: despite ...

... there has been a noticeable gradual decrease in investments in new coal-fired power plants. It's not a collapse, but during the 2000s, China built more than in the following decade. As a result, coal production in the country is growing faster than consumption, so China now needs less imported coal. However, China remains the largest coal consumer in the world," says Igor Yushkov, an expert at the Financial University under the Government of the Russian Federation and the National Energy Security ...

... excluding gas condensate, and 10.3 million barrels per day including it. This is stated in a study by VTB, prepared for the investment forum "Russia Calls!" which will take place on December 4–5 in Moscow. VTB analysts note that global oil consumption next year may reach 104 million barrels per day, a 1% increase compared to the 2024 figure. By 2030, they estimate that demand will reach 108 million barrels per day due to increased consumption in Asia, especially in China and India. Oil ...