(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 +
(By Oil & Gas 360) – Geothermal energy is having a moment, and this time, it’s not driven by policy headlines or climate targets alone. It’s being pulled forward by something more immediate: the need for reliable, always-on power. A series of recent developments is reshaping how investors and operators think about geothermal’s role in the U.S. energy mix. EIG’s
(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,
(Oil Price) – Britain has urged some of the world’s biggest powers to adopt clean energy at a faster pace to boost energy security during a time of geopolitical turmoil. The United Kingdom’s Chancellor of the Exchequer, Rachel Reeves, appealed to world leaders to accelerate the global green transition during the G7 Foreign Ministers’ meeting, held in France from 26th to 27th March.
(Oil Price) – Chevron, Microsoft, and Engine No. 1 are negotiating a team-up for a multi-billion power plant in West Texas intended to power a huge data center campus, in the latest energy deal to power AI infrastructure. “Chevron, Microsoft, and Engine No. 1 have entered into an exclusivity agreement related to a proposed power generation and electricity offtake arrangement,” the
(Oil & Gas 360) By Greg Barnett, MBA – America’s power demands are rising at a pace the grid was never designed for, driven largely by data‑center growth, electrification, AI compute, and industrial reshoring. Supply, meanwhile, is struggling to keep up — especially in regions where energy‑hungry infrastructure is racing ahead of generation. In Texas, for example, grid operators warned in
(World Oil) – As Europe looks to diversify energy supplies and reduce carbon intensity, electricity interconnections and grid development across North Africa are gaining traction alongside traditional oil and gas trade. For decades, Europe’s energy relationship with North Africa has centered on hydrocarbons, including Algerian pipeline gas, Libyan oil and LNG exports from across the Mediterranean. Increasingly, however, electricity is emerging
(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
