S&P Global Energy has reduced its global oil demand forecast for 2026 by 700,000 barrels per day, as the U.S.–Iran war disrupts energy supplies from the Middle East and weakens demand in the second quarter, consultant Ethan Ng said on Thursday.

BYD is accelerating its global expansion strategy, setting an ambitious target of selling 1.5 million electric vehicles outside China in 2026 as it seeks to offset slowing domestic demand and strengthen its position as a global EV leader.

Global copper demand is set to surge 50% by 2040 as artificial intelligence, defense and robotics industries expand, but production will struggle to keep up without major investment in new mines and recycling, consulting firm S&P Global warned on Thursday.

Global coal demand is expected to gradually decline toward the end of this decade as competition intensifies from other power sources, including renewables, natural gas and nuclear energy, according to the International Energy Agency’s (IEA) 2025 annual coal market report.

The Energy Information Administration of the US Department of Energy (EIA) has lowered its forecasts for global demand growth for oil and liquid hydrocarbons (LH) due to retrospective adjustments, while the expectations for demand themselves have become higher, says the EIA in its monthly report , News.az reports.

Global LNG demand may rise from the current slightly over 400 mln tons to 580-600 mln tons within six years and up to 700 tons further on, Russian First Deputy Energy Minister Pavel Sorokin said, News.az reports citing https://tass.com/economy/1837947.

Global oil demand growth needs to accelerate in coming months or the market will struggle to absorb an increase in oil supply that OPEC+ is planning to make from October, according to data, analysts and industry sources, News.az reports citing Reuters .