(Oil Price) – The world’s electricity demand rose by 3% in 2025, with growth nearly triple compared to the 1.3% increase in total energy consumption, as data centers and electric vehicles continued to push power use higher, the International Energy Agency (IEA) said on Monday. Overall global energy demand growth slowed to 1.3% in 2025, slightly below the previous decade’s average
(Oil Price) – Registrations of battery electric vehicles (BEVs) in Europe’s key automotive markets surged by 51% in March as the Iran war pushed gasoline prices to multi-year highs, data published by research firm New Automotive and trade association E-Mobility Europe showed on Monday. More than 224,000 new electric passenger cars were registered in March alone across 15 key EU +
(Oil Price) – The global battery sector is on fire – and we’re not just talking about lithium-ion battery explosions. In 2025, the global lithium-ion battery market topped USD $150 billion in 2025, marking a stunning 20 percent year-on-year increase. But current lithium-ion battery design has some key limitations, opening up a potentially massive market for competitive designs. One of the major
(By Oil & Gas 360) – A new phase of energy demand is emerging, and it is being driven less by population growth or traditional industry, and more by the rapid expansion of digital infrastructure. Recent data from the U.S. Energy Information Administration points to a clear shift: U.S. electricity demand is accelerating after years of relative stagnation. More notably,
(World Oil) – SLB has signed a three-year agreement with Azule Energy to expand deployment of its Delfi digital platform across the company’s operations in Angola, aiming to improve execution efficiency and streamline upstream workflows. Azule Energy—an Angola-based joint venture between bp and Eni—is the country’s largest independent producer, operating a portfolio of complex offshore assets. The expanded agreement builds on earlier use of the Delfi platform within
(World Oil) – Energy and natural resources (ENR) executives remain divided on the pace of the energy transition and the timing of peak oil demand, as policy uncertainty, cost pressures and shifting market dynamics reshape investment strategies, according to Bain & Company’s 2026 industry survey. The survey, which gathered responses from more than 800 executives across oil and gas, utilities, chemicals, mining
(By Oil & Gas 360) – The global energy system is being pulled in two directions at once. On one side, major oil companies are scaling back spending on low-carbon projects, marking the first decline in transition-focused investment since 2017. On the other hand, the latest geopolitical shock tied to the Iran conflict is reinforcing how exposed the world remains to
(By Oil & Gas 360) – For nearly two decades, electricity demand in the United States remained largely unchanged. Efficiency improvements, slower industrial growth, and shifts in the economy kept overall power consumption relatively flat. That period may now be ending. Electricity Demand Outlook A combination of artificial intelligence infrastructure, data center expansion, electrified transportation, and the reshoring of manufacturing is beginning
(Oil Price) – Germany-based utility giant RWE is expanding its U.S. portfolio beyond renewables, focusing a large part of planned $19 billion investments in the United States by 2031 on gas-fired power generation. RWE – which ditched U.S. offshore wind last year after the Trump Administration signaled renewables would not be a priority and wouldn’t be supported going forward – is now betting
(Oil Price) – Investors may be underestimating the risk that renewables could become stranded assets, as grid constraints and congestion and supply chain hurdles limit the value that these assets could deliver, Barclays said in a recent white paper on “energy transition realism”. “The classic stranded-asset story focused on fossil fuels, but what we are now seeing is stranded-like outcomes also emerging for
(Oil Price) – It’s been a volatile year for clean energy markets. Despite major policy shifts impacting green industries, global renewable energy investment hit a record high in 2025. A closer look at last year’s figures reveals a high level of ambivalence in the marketplace, with a sharp drop in clean energy investments in the United States in the last corner,
(Oil Price) – The hyperscaler-driven surge in U.S. power demand is creating ripple effects in the global supply chain, with gas turbines becoming the most critical bottleneck to rolling out flexible baseload capacity to support accelerated load growth. Gas turbine makers report soaring backlogs and delivery times years after order placement, while analysts say the bottlenecks in power plant equipment effectively
