5 h. ago China’s Oil Demand Will Peak Earlier Than Expected, IEA Says

China’s oil demand will stop growing earlier than expected, reinforcing the outlook for a global peak and prolonged supply surplus this decade, the International Energy Agency said.

Other

6 d. ago Varcoe: 'No peak in oil demand on the horizon' OPEC head tells Global Energy Show — as lower crude prices expected next year

'The fact that oil demand keeps rising, hitting new records, year on year, is a clear example of what I'm saying,' Haitham Al Ghais said at the annual conference

Economics

8 d. ago China’s exports climb 4.8% in May as shipments to the US fall nearly 10%

BEIJING (AP) — China’s exports rose 4.8% in May from a year earlier, a bit lower than expected as shipments to the United States fell nearly 10%, according to customs figures released Monday just hours ahead of another round of trade talks between the U.S. and China. Imports declined 3.4% year-on-year, leaving a trade surplus […]

Economics

1 week ago Northeast Power Coordinating Council, Inc. Summer Reliability Assessment Forecasts Adequate Electricity Supplies

(The Assessment covers New York, New England, and Eastern Canada) NEW YORK — The Northeast Power Coordinating Council, Inc. (NPCC) 2025 Summer Reliability Assessment forecasts the NPCC Region will have an adequate supply of electricity this summer. The overall NPCC coincident electricity summer peak demand is forecasted to be approximately 104,600 MW, which is approximately […]

Other

1 week ago Removing Chinese tariffs on Canadian agriculture products a priority

In 2024, Canada exported $920-million worth of canola meal to China along with $21-million worth of oil

Society

2 w. ago Electric Trucks Are The Latest Threat to Oil Demand in China

More and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an increasingly electrified economy.

Transport

3 w. ago Rubio Says Venezuela Oil License to End, in Setback for Chevron

US Secretary of State Marco Rubio said in a post on X that a Venezuela oil-export license will expire next Tuesday, defying earlier expectations that it would be extended.

Other