global demand
5 stories related to this topic, newest first.
Financial TimesIEA Reports Global Oil Inventories Declined
The International Energy Agency said oil inventories are being depleted at a record pace after supply losses linked to the Strait of Hormuz reached 12.8 million barrels per day since late February. U.S. emergency crude reserves saw the largest weekly drawdown on record last week,…
e360.yale.eduBrazilian Amazon Sees Rise in Illegal Mining of Critical Minerals Amid Growing Global Demand
Illegal prospectors are increasingly targeting critical minerals in the Brazilian Amazon, driven by global demand for resources used in electric vehicles and fighter jets. Brazil holds some of the world's largest deposits, drawing interest from the United States and others seekin…
automotiveworld.comBYD Faces High International EV Demand Amid Rising Oil Prices, Despite Declining China Sales
Chinese electric vehicle maker BYD is experiencing high demand in markets outside the U.S., driven by rising fuel costs from geopolitical tensions. Executive Vice President Stella Li stated at the Beijing Auto Show that the company thrives without American consumers and struggles…
Substrate placeholder — needs reviewUS Crude Futures Increase Following Previous Session's Largest Decline in Six Years
US crude futures rose on Wednesday after settling the prior session with the biggest one-day drop in six years. The previous decline was driven by a larger-than-expected build in US crude stockpiles. The increase occurred amid ongoing concerns about global oil demand and supply d…
Substrate placeholder — needs reviewEIA Projects 20-40% Increase in U.S. Dry Natural Gas Production by 2050
The U.S. Energy Information Administration projects that U.S. dry natural gas production will rise by 20% to 40% in 2050 compared to 2025 levels. This growth is attributed to domestic and international demand. The projection is part of the Annual Energy Outlook 2026.