ENERGY

Authored by Alex Kimani via OilPrice.com,

• Turkey's state energy company BOTA? has raised natural gas prices by 38% for households and 33.1% for small industrial customers, effective August 1st.

• The price hike comes just over a year after President Erdogan promised free gas for households during his re-election campaign.

• Turkey's heavy reliance on gas imports, particularly from Russia, has contributed to the country's energy vulnerability.

Turkey’s (more…)

Global energy consumption has significant regional variations due to differences in industrialization levels, climate conditions, population density, and access to natural resources, as well as varying energy policies and economic activities across countries.

For instance, countries with colder climates may consume more energy for heating, while highly industrialized nations may have higher per capita energy usage due to their extensive manufacturing sectors.

This chart below, via (more…)

Economists have been attempting to forecast the point of peak oil—the year when oil demand reaches its maximum level—since the 1970s. Despite increasing warnings regarding climate change, global demand has continued to rise over the last few years and could continue.

In this graphic, Visual Capitalist partnered with Range ETFs to explore the global oil demand and determine which region will demand the most in 2045.   

Projecting Global Oil Demand

As per OPEC, Oil (more…)