Thoughtful Journalism About Energy's Future

Thoughtful Journalism About Energy's Future

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HomeOil Demand

Oil Demand

News

Trump says he’ll unleash Venezuela’s oil. But who wants it?

January 6, 2026 Energi Staff

This article was published by Grist on Jan. 5, 2025. By Jake Bittle Shortly after launching a dramatic raid in which U.S. forces abducted Venezuelan leader Nicolás Maduro on Saturday, President Donald Trump justified the [Read more]

News

Venezuela Raid Collides with Failing Oil Demand as Trump Opens New Era of Geopolitical Threat

January 6, 2026 Energi Staff

This article was published by The Energy Mix on Jan. 5, 2026. By Mitchell Beer Donald Trump’s weekend raid on Venezuela has analysts debating how quickly the country can restore some of its past oil [Read more]

News

EIA Forecasts Slight Decline in U.S. Crude Oil Production in 2026

December 12, 2025 Energi Staff

U.S. crude oil production is expected to decline slightly in 2026 following four consecutive years of increases, according to the U.S. Energy Information Administration’s (EIA) latest Short-Term Energy Outlook (STEO). The agency’s December 2025 forecast [Read more]

News

‘Say vs. Do Chasm’ Shows Fossil Industry Facing Rapid Decline, Crumbling Demand

December 3, 2025 Energi Staff

This article was published by The Energy Mix on Dec. 1, 2025. By Mitchell Beer With fossil fuel publicists touting decades of future demand, and those expectations baked into last week’s pipeline deal between Canada [Read more]

News

U.S. hydrocarbon production supported by export growth in long-term projections

July 22, 2025 Energi Staff

This article was published by the US Energy Information Administration on July 11, 2025. By Kathryn Dyl, Stephen York, Brittany Phalon In our Annual Energy Outlook 2025 (AEO2025), we project U.S. production growth of crude oil and [Read more]

News

Slowing demand growth and surging supply put global oil markets on course for major surplus this decade

June 17, 2024 Energi Staff

This article was published by the International Energy Agency on June 12, 2024. Growth in the world’s demand for oil is expected to slow in the coming years as energy transitions advance. At the same [Read more]

News

China imported record amounts of crude oil in 2023

April 16, 2024 Energi Staff

This article was published by the International Energy Agency on April 16, 2024. By Jimmy Troderman China, the world’s largest importer of crude oil, imported 11.3 million barrels per day (b/d) of crude oil in [Read more]

News

Crude oil prices increased in 2021 as global crude oil demand outpaced supply

January 5, 2022 Energi Staff

By Jimmy Troderman This article was published by the US Energy Information Administration on Jan. 4, 2022. Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy [Read more]

Opinion

Opinion: Outlook for oil product demand

January 4, 2019 Energi Staff

The pace and extent of the changes for oil product demand forecast in the International Energy Agency’s New Policies Scenario pose a significant test to refiners.  Phillips 66 photo. Oil product demand for “top of [Read more] [Read more]

Opinion

Opinion: Are we heading for an oil supply shock?

November 16, 2018 Energi Staff

To avoid an oil supply shock in the coming years, the International Energy Agency says in its World Energy Outlook 2018 that there is a need to develop new upstream oil investments.  Getty Images photo. [Read more]

US crude output
News

EIA forecasts US crude output to top 12 million b/d by 2019

November 6, 2018 Energi Staff

In its monthly report, the US Energy Information Administration says US crude output is expected to average 12.06 million barrels per day (b/d) by mid-2019.  Anadarko photo. US crude output expected to average 12.06 million [Read more]

Iran sanctions
News

US grants Iran sanctions waivers to eight countries, including China

November 5, 2018 Energi Staff

The Trump administration is temporarily granting eight countries permission to purchase oil from Iran.  The Iran sanctions exemptions for China, India, South Korea, Japan, Italy, Greece, Taiwan and Turkey are set to last up to [Read more]

oil supply
News

IEA: Oil supply and demand nearing significant peaks

October 12, 2018 Energi Staff

As oil supply and demand increase, the International Energy Agency says “our position is that expensive energy is back, with oil, gas and coal trading at multi-year highs, and it poses a threat to economic [Read more]

Petrochemicals
News

Petrochemicals becoming the largest driver of oil demand: IEA

October 5, 2018 Energi Staff

According to a major study conducted by the International Energy Agency, petrochemicals are set to account for over one-third of the growth in world oil demand by 2030.   Petrochemicals “key blindspot” in global energy debate: [Read more]

oil market
Opinion

Opinion: Oil market hears echoes of 2007/8

September 24, 2018 Energi Staff

Price moves tend to accelerate in the run-up to cyclical peaks and troughs, as the oil market struggles to overcome a worsening deficit or surplus.  Total photo. In 2007, concerns about the oil market were [Read more]

oil prices
Opinion

Opinion: Higher oil prices set to moderate consumption growth

June 14, 2018 Energi Staff

With oil prices up 70 per cent over the last 12 months, higher prices are set to moderate OECD consumption and thereby global demand growth in 2018/19.  Chevron photo. Consumption has risen by an average [Read more]

chinese refineries
News

Maintenance at Chinese refineries will cut into crude demand

April 27, 2018 Energi Staff

Some Chinese refineries will shut down in May and June for annual maintenance, which will cut China’s throughput by about 10 per cent and reduce global crude demand.   At least six Chinese refineries are planning [Read more]

OPEC
Opinion

Opinion: Mission accomplished for OPEC as oil moves from slump to boom

April 24, 2018 Energi Staff

John Kemp argues that if OPEC maintains its current output curbs through December, the market is set to become exceptionally tight, which will push prices and spreads towards unstable levels.  Anadarko photo. By John Kemp [Read more]

technologies
News

Despite focus on electric vehicles, global oil demand growing in short term, supporting high refinery margins – IHS Markit

April 19, 2018 Markham Hislop

Strong demand growth for oil expected through 2020, as refiners enjoy extended “mini” golden age Short-term oil demand is still growing strong and will continue to do so through the end of 2020; a trend [Read more]

OPEC
News

OPEC “mission accomplished” as crude stocks down: IEA

April 13, 2018 Energi Staff

The International Energy Agency says OPEC and non-OPEC countries participating in the cartel’s supply cut agreement have reached their goals of cutting global crude stocks to desired levels. Bloomberg photo by Daniel Acker. OPEC goal [Read more]

In the Spotlight

“Cost and Carbon Competitiveness” was an Alberta rallying cry for years. What happened?

by Markham Hislop in Markham on Energy

Reducing methane emissions to zero is important for Canada’s competitiveness as global markets increasingly price carbon For all the noise surrounding climate policy, this is the rare file where ideology doesn’t change the physics, and [Read more]

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Latest News

  • U.S. Fossil Donors ‘Pissed’ at Trump, Mock Him Behind His Back, as Venezuela Plan Takes Shape January 13, 2026
  • Fast-Tracked Western Pipeline Won’t Draw Investors Without Taxpayer ‘Backstop’: Ex-Alberta Energy Minister January 13, 2026
  • Poor Reporting of Oil and Gas Decommissioning Costs Creates New Risks for Investors January 12, 2026
  • Venezuela attack, Greenland threats and Gaza assault mark the collapse of international legal order January 7, 2026
  • Maduro’s capture: ‘Trump has taken an unprecedented and very risky gamble’: Historian January 7, 2026
  • Trump says he’ll unleash Venezuela’s oil. But who wants it? January 6, 2026
Latest News
  • U.S. Fossil Donors ‘Pissed’ at Trump, Mock Him Behind His Back, as Venezuela Plan Takes Shape
  • Fast-Tracked Western Pipeline Won’t Draw Investors Without Taxpayer ‘Backstop’: Ex-Alberta Energy Minister
  • Poor Reporting of Oil and Gas Decommissioning Costs Creates New Risks for Investors
  • Venezuela attack, Greenland threats and Gaza assault mark the collapse of international legal order
  • Maduro’s capture: ‘Trump has taken an unprecedented and very risky gamble’: Historian
Markham on Energy
  • “Cost and Carbon Competitiveness” was an Alberta rallying cry for years. What happened?
    November 22, 2025
  • Where’s the Beef, Danielle?
    November 21, 2025
  • Canada’s First Giga-scale Battery Plant is Under Construction. Why That’s Important
    November 17, 2025
  • Canada’s Geothermal Opportunity Is Bigger Than We Think — So Why Is Ottawa Ignoring It?
    November 14, 2025
  • WEO 2025: China’s Electrification Outruns the IEA’s Imagination
    November 12, 2025
Opinions
  • Venezuela attack, Greenland threats and Gaza assault mark the collapse of international legal order
    January 7, 2026
  • Maduro’s capture: ‘Trump has taken an unprecedented and very risky gamble’: Historian
    January 7, 2026
  • Opinion: Why Mark Carney’s pipeline deal with Alberta puts the Canadian federation in jeopardy
    December 10, 2025
  • Opinion: What is going on with Alberta’s climate-change strategy?
    November 3, 2025
  • Letter to the Editor: Officials and media must stop misstating Aboriginal title law
    October 24, 2025

News: editor@energi.media

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