Last year we were told oil demand would be back in a big way thanks to China and Asia. This right here is a big deal. "In China specifically, Kpler sees an actual decline in the demand for petroleum products this year..."
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This is awesome. This is good. We must keep this trend.
aug 25, 2025, 1:38 pm • 3 1 • view
…but global oil demand, let alone fossil gas, is growing by ~1 million barrels per day the next years!!?? What are we really doing? A kind of content it is not growing as much as expected feels kind of … hopeless
aug 25, 2025, 7:35 pm • 2 0 • view
They were hoping oil demand would grow by 1.8 million barrels this year. It is likely to be under 800,000. that is a big deal. Once global oil demand flatlines, the oil industry is fucked. Decline and they start to eat their own. I want faster results too. In this shitshow, that isn't possible.
aug 25, 2025, 7:51 pm • 5 0 • view
Do they really have plan for what happens when global demand starts falling? Same question and problem I guess when Nvidia starts seeing falling demand for gpus.
aug 25, 2025, 7:57 pm • 1 0 • view
I see no evidence of a plan. They didn't see this coming. Their plan is to trade LNG to each other. Saudi Arabia has a really big problem if oil prices don't spend a lot of time over $90 a barrel in the future. And that is a very unlikely scenario at this point.
aug 25, 2025, 8:03 pm • 3 0 • view
So the big question, when demand starts falling, is who will squeeze who out; those with low production costs and high fossil dependence, or those with higher production costs and lower economic fossil dependence(?) I guess the former will make it out on top, though they need adjust their dependence
aug 25, 2025, 8:11 pm • 1 0 • view
putin will love that news...
aug 25, 2025, 1:55 pm • 0 0 • view
💯 renewable energy now in place is starting to have geopolitical impact.
aug 25, 2025, 9:37 pm • 1 0 • view
Last year I wrote about why those making those predictions were wrong "The idea that it is China’s “sputtering” economy that is causing the global slowdown in oil consumption will not age well. China’s economy is changing along with the rest of the world and the transition away from oil has begun"
aug 25, 2025, 11:21 am • 25 2 • view
So many of the leaders of other countries have a brain. The US? Nope. Everybody knows it but nobody will say it out loud.
aug 25, 2025, 2:12 pm • 2 0 • view