06182019Tue
Last updateTue, 18 Jun 2019 6pm

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End-User News

Global Energy Demand at Fastest Pace This Decade

Power demand increased even more strongly than overall energy demand in 2018, as the world continued to electrify. China, the U.S. and India together accounted for more than two thirds of the global increase in energy demand, with U.S. consumption expanding at its fastest rate for 30 years.

According to BP, the U.S. recorded the largest-ever annual production increases by any country for both oil and natural gas, the vast majority of increases coming from onshore shale plays.

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