International Energy Agency

“For its own part, the IEA says in its August Oil Market Report that the global crude market continues to run a deficit of almost 2 million barrels per day.”

“For the 12 months of 2026, the IEA now predicts global supply to contract by 4.3 million barrels per day (bpd) from 2025”

“the agency also estimates that a whopping 8.3 million bpd remains shut-in due to the Iran Conflict”

“But again, it is important to point out that this is the IEA’s best guess, one that is 600,000 bpd higher than the agency’s best guess in its July report, a 16% rise in just one month.”

“world oil demand will fall to its lowest level in 28 years and said that economic recovery would remain “elusive”. The Paris-based agency said demand would fall by 2.6m barrels per day this year”

“global data center electricity consumption will more than double by 2030.”

“The drop, which the agency expects to amount to about 1 million barrels per day in 2026”

“Global oil demand averaged just 97.9 million barrels per day in May, down 5.3 million barrels per day from a year earlier.”

“China’s decrease of 1.5 million barrels per day, representing a 9% decline, was by far the largest globally”

“Around 20% of households have air conditioning, according to the International Energy Agency”

“But according to the most recent estimates by the International Energy Agency, US data centers guzzled some 224 terawatt-hours of electricity in 2025”

“But according to the most recent estimates by the International Energy Agency, US data centers guzzled some 224 terawatt-hours of electricity in 2025 — more than 5 percent of the country's electricit…”

“That's a significant uptick from an estimated 1.9 percent consumed in 2018, well before the mainstream surge of generative AI.”

“The latest estimate from the International Energy Agency forecasts worldwide oil use may rise in 2010 by 1.7 million barrels a day.”