TPW DESK 
Energy transition shows impact
Global oil demand growth is slowing as electric vehicles and efficiency gains reduce fuel consumption in major economies. New projections show demand still rising in absolute terms, but at a far weaker pace than a decade ago. Transport electrification is the main driver of the shift.
Producers are adjusting strategies. Some are delaying expansion projects, while others focus on petrochemicals and aviation fuel, where demand remains stronger.
Markets brace for volatility
Analysts warn that slower growth does not mean stability. Supply disruptions, geopolitics, and underinvestment could still trigger price swings. Energy exporters face pressure to diversify revenues.
The data underscore a transition underway, uneven but increasingly visible across markets.
