#oil-demand

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fromBusiness Matters
1 week ago

AI data centres to swallow 10% of global power surge - with US demand soaring to 40% by 2035, warns BP

Artificial intelligence data centres are set to devour a massive share of the world's electricity growth over the next decade, according to BP's latest World Energy Outlook. The oil giant estimates that data facilities powering AI applications will account for 10% of global electricity demand growth by 2035. In the United States, the world's most advanced AI hub, that figure could skyrocket to 40%, raising urgent questions about the strain on energy systems.
Environment
Environment
fromwww.theguardian.com
1 week ago

BP predicts higher oil and gas demand, suggesting world will not hit 2050 net zero target

BP forecasts higher oil and gas demand through 2050, indicating current pathways are unlikely to meet net zero by 2050 while oil remains the dominant energy source.
Environment
fromenglish.elpais.com
1 week ago

Batteries bite into oil: Demand slows in China and drops in Norway

Battery storage and vehicle electrification are irreversibly reducing fossil fuel demand, significantly cutting coal, gas, and oil consumption and depressing prices.
fromLondon Business News | Londonlovesbusiness.com
2 months ago

Crude oil mixed inventory data keep futures range-bound - London Business News | Londonlovesbusiness.com

Crude oil futures are struggling to move above $67 due to mixed signals in the market, reflecting strong refinery activity and inventory issues.
Miscellaneous
Canada news
fromwww.cbc.ca
3 months ago

OPEC boss slams net-zero targets, promotes big future for oil in Calgary speech | CBC News

OPEC's secretary-general emphasizes the ongoing demand for oil and the need for significant investment in the sector.
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