Bloomberg Opinion columnist and chief energy correspondent Javier Blas posted a chart on X from the International Energy Agency's new global coal report showing that coal demand jumped to an all-time high this year, despite years of efforts by the green-industrial complex to end its very existence. "Global coal demand rose to an all-time high in 2025, up 0.5% y-on-y to 8,845 million tons (also, @IEA revised up 2024)," Blas wrote on X, adding, "Now, IEA says 2025 will mark a peak, with consumption dropping over the next 5 years. Time…

Global oil demand jumped in October from the previous month and from October last year amid a rebound in India’s product demand, the latest data by the Joint Organizations Data Initiative (JODI) showed on Thursday. Oil demand increased by 677,000 barrels per day (bpd) in October from September, according to the most recent data self-reported by 48 countries to JODI.  Compared to last year, global oil demand rose by 2.4 million bpd in October, the data showed.  China reported total product demand falling by 150,000 bpd and crude…

Global oil demand jumped in October from the previous month and from October last year amid a rebound in India’s product demand, the latest data by the Joint Organizations Data Initiative (JODI) showed on Thursday. Oil demand increased by 677,000 barrels per day (bpd) in October from September, according to the most recent data self-reported by 48 countries to JODI.  Compared to last year, global oil demand rose by 2.4 million bpd in October, the data showed.  China reported total product demand falling by 150,000 bpd and crude…

The global energy system is entering a pivotal new phase. Rystad Energy’s latest scenario analysis shows that all net growth in global electricity supply in 2025 – around 1,070 terawatt-hours – will come from low-carbon sources, including renewables and nuclear power. This marks a structural shift: renewables are no longer competing at the margins but are now driving all incremental power generation. For investors, this signals that clean-power growth is moving from policy-driven to market-driven, reshaping long-term return potential…

China’s efforts to reduce overcapacity in the solar manufacturing sector looks to have yielded the first results as domestic firms narrowed their losses in the third quarter.   The solar manufacturing industry in China slashed total losses by 46.7% in the third quarter from a quarter earlier, according to the China Photovoltaic Industry Association.  The industry still booked a total loss of $912 million (6.422 billion Chinese yuan), per a presentation by the Wang Bohua, honorary chairman of the association, as carried by Reuters.   …

Falling U.S. energy sales in China and India failed to offset increases elsewhere in Asia as the Trump Administration’s trade policies have upended Asia’s energy imports.   While Japan and South Korea have increased their imports of American crude oil, China has slashed U.S. crude and LNG imports, after halting purchases of LNG in February in response to the trade frictions with the United States, according to data from Kpler cited by Reuters columnist Clyde Russell.  India has also reduced LNG imports from America this…

Falling U.S. energy sales in China and India failed to offset increases elsewhere in Asia as the Trump Administration’s trade policies have upended Asia’s energy imports.   While Japan and South Korea have increased their imports of American crude oil, China has slashed U.S. crude and LNG imports, after halting purchases of LNG in February in response to the trade frictions with the United States, according to data from Kpler cited by Reuters columnist Clyde Russell.  India has also reduced LNG imports from America this…

Trump Media & Technology Group (TMTG), the operator of Truth Social, announced Thursday it has reached a definitive agreement to merge with TAE Technologies in an all-stock deal valued at roughly $6 billion. The move effectively turns a social media company into a deep-tech player, targeting the massive power requirements of the artificial intelligence boom. The deal, which is set to close in mid-2026, would create one of the first publicly traded fusion energy firms. TMTG is putting up $200 million in cash at signing and another $100 million…

For years, perovskites have been hailed as the "holy grail" of solar energy thanks to their promise of highly efficient and cheaper solar cells. Perovskites are a class of materials with similar crystalline structures with high superconductivity, high magnetoresistance, and high ferroelectricity, making them a potential replacement for silicon. Perovskite thin-film PV panels can absorb light from a wider variety of wave-lengths, allowing them to reach efficiencies of around 40% compared to silicon's theoretical limits around 30%. Unfortunately,…

Earlier this week, Brent crude slipped below $60 per barrel, and West Texas Intermediate dipped to $55, under the combined weight of a projected supply overhang and media reports claiming the United States and Russia were close to a peace deal for Ukraine. Even a blockade on sanctioned tankers carrying Venezuelan crude ordered by President Trump did not do much for prices. The question now is just how low Brent and WTI could sink from here. President Trump said this week that a peace deal for Ukraine is closer than ever. However, this may be just…

Mexico’s state oil giant Pemex is struggling to reverse a years-long decline in oil and gas production while trying not to incur additional liabilities on top of its already massive pile of $100 billion debt that makes it the world’s most indebted energy firm.   Petroleos Mexicanos, as Pemex is officially known, has received major government support this year under Mexico’s President Claudia Sheinbaum. Unlike her predecessor and mentor, Andrés Manuel López Obrador, incumbent President Sheinbaum has signaled…

The visit of Russian President Vladimir Putin to Indian Prime Minister Narendra Modi just over a week ago seems to have been overlooked by many geopolitical observers, which is surprising. It represents one of the most consequential recalibrations of India–Russia ties in years -- combining defence access, energy guarantees, and diplomatic symbolism -- at a moment when global alignments are shifting faster than ever. At the heart of the visit was the ratification of the ‘Reciprocal Exchange of Logistics Support’ (RELOS) pact, a…

For years, heat pumps were seen as the fragile heroes of mild climates, efficient in theory but unreliable when the mercury dropped. That narrative has now collapsed under the weight of experience. From the frozen lakes of Finland to the prairies of Canada, heat pumps are thriving where they were once thought impossible. The data from the multiple past winters tells the story clearly. Even in subzero temperatures, installations are growing faster than almost any other clean heating technology. This shift is more than a technical achievement; it…

U.S. gasoline prices are set to fall to the lowest level since 2020, thanks to increasing supplies, despite some ongoing refinery maintenance, GasBuddy has predicted. GasBuddy has predicted that U.S. motorists will pay an average of $2.79 per gallon on Christmas Day, down from $2.95 per gallon a year ago. That will mark the cheapest gas since prices averaged $2.26 per gallon in the Christmas of 2020. “Christmas is often when gas prices settle near the lowest levels of the year, and 2025 is no exception,” said Patrick De Haan, head of…

Brazil, Guyana, and Argentina are set to be major drivers of non-OPEC oil supply growth in 2026, accounting for half of the expected 0.8 million barrels per day (b/d) increase in 2026 the U.S. Energy Information Administration has predicted. According to the energy watchdog, Brazil's growth will mainly be driven by new offshore pre-salt projects coming online, including the start-up of Equinor’s (NYSE:EQNR) Bacalhau field in October as well as the start-up of two additional FPSOs by Petrobras in December. EIA has projected a 0.2 mb/d increase…

Brazil, Guyana, and Argentina are set to be major drivers of non-OPEC oil supply growth in 2026, accounting for half of the expected 0.8 million barrels per day (b/d) increase in 2026 the U.S. Energy Information Administration has predicted. According to the energy watchdog, Brazil's growth will mainly be driven by new offshore pre-salt projects coming online, including the start-up of Equinor’s (NYSE:EQNR) Bacalhau field in October as well as the start-up of two additional FPSOs by Petrobras in December. EIA has projected a 0.2 mb/d increase…

Since early December 2025, a wave of protests has swept across Iran, ranging from human rights campaigns in major urban areas to labor strikes in industrial hubs. As Statista's Tristan Gaudiat reports, part of the growing popular unrest concerns the accelerating use of the death penalty by the Iranian regime (more than 1,000 executions documented so far in 2025), while the country's economic situation has significantly deteriorated. Iran is currently facing one of its most severe economic and social crises of the decade, as the country grapples…

The latest survey by the Federal Reserve Bank of Dallas has revealed lingering pessimism in oil markets, with executives seeing lower activity and higher costs amid weak oil prices, but AI is offering hope for improved efficiency. Activity in the oil and gas sector fell in the final quarter of the year with the business activity index remaining negative at -6.2, unchanged from the third quarter.The company outlook index improved slightly to -15.2 from -17.6 in the third quarter, suggesting continuing pessimism among firms. Oil and gas production…

The latest survey by the Federal Reserve Bank of Dallas has revealed lingering pessimism in oil markets, with executives seeing lower activity and higher costs amid weak oil prices, but AI is offering hope for improved efficiency. Activity in the oil and gas sector fell in the final quarter of the year with the business activity index remaining negative at -6.2, unchanged from the third quarter.The company outlook index improved slightly to -15.2 from -17.6 in the third quarter, suggesting continuing pessimism among firms. Oil and gas production…

European Union sanctions are “slowly but surely” choking Russia’s oil exports -- and are also stepping up in speed and scope, according to the 27-nation bloc’s chief sanctions official. EU Sanctions Envoy David O’Sullivan told RFE/RL in an interview on December 16 that while enforcement was “a game of cat and mouse,” the measures were working and Russia’s revenues were “suffering.” O’Sullivan spoke in a video call from Brussels two days before an EU summit that’s due to consider…