The growth in the popularity of electric vehicles in the USA has led to an increase in electricity consumption by nearly 70%. This is a testament to the accelerated transition to eco-friendly technologies and changes in the country's energy balance. Learn more about the trends and implications of this surge. The share of electric vehicles (EVs) and ...

... deal before August 1, when a pause before new U.S. tariffs ends). These moves alleviate concerns about a slowdown in the global economy and support global oil demand. Additionally, the summer vacation season is driving increased gasoline and jet fuel consumption in the U.S. and China. Major producers forecast that global oil consumption will rise by approximately 1.2 to 1.3 million barrels per day in the second half of 2025. OPEC+ Supply. The OPEC+ alliance is gradually increasing production after ...

... prices decrease to levels close to what is comfortable for OPEC+ (around $65–75 per barrel). Analysts note that seasonal factors also play a role: the summer peak in fuel demand in the Northern Hemisphere is coming to an end, leading to a decrease in consumption as the vacation season closes. For example, gasoline demand traditionally declines in the fall, which is already becoming apparent in wholesale markets. Furthermore, geopolitical tensions — the threat of new trade barriers (such as the aforementioned ...

... global "black gold" stocks remain below multi-year average levels (in particular, U.S. oil inventories stand at about 419 million barrels, which is below the five-year average), which supports prices. Regional demand factors: Seasonal oil consumption in the Middle East increased during the summer (more intense oil burning for electricity generation), while China took advantage of the declining prices to record levels of strategic stock replenishment (approximately up to 0.9 million b/d ...

... record-breaking: in June, Europeans injected approximately 12.4 billion cubic meters of gas into storage, representing the highest monthly volume in the last three years. Contributing factors to this surge include a relatively mild winter and reduced consumption, as well as increased imports of liquefied natural gas (LNG)—around 12 billion cubic meters of LNG arrived in Europe in June, marking a record figure for the first summer month. High gas reserves allow Europe to feel more secure: despite ...