Global Scans · Demand · Weekly Summary

• [New] For oil alone, investments of $17.7 trillion from 2026 to 2050 - or $700 billion per annum - are needed to meet demand in the long term. Organization of the Petroleum Exporting Countries
• [New] We see global demand reaching just above 124 mb/d by 2050, and - let me say it again - there is no peak oil demand on the horizon. Organization of the Petroleum Exporting Countries
• [New] Global primary energy demand will continue to expand. Organization of the Petroleum Exporting Countries
• [New] Power demand could soon be even greater than predicted by DESNZ because of the growth of AI. / UK Electricity Info
• [New] The UK's depleted offshore fields could theoretically store over 3,500 TWh of energy, enough to cover projected electricity demand for around seven years. Electricity Info
• [New] The UK could store enough green hydrogen in depleted North Sea oil and gas fields to meet future electricity demand for up to seven years. Electricity Info
• [New] The U.S. is expected to see steady growth, backed by critical mineral demand and policy support. Persistence Market Research
• [New] The metal mining segment is expected to remain in the second position in 2026, backed by rising demand for critical minerals such as copper, lithium, and nickel. Persistence Market Research
• [New] Canada's lithium reserves could supply around half of cumulative global demand from 2030 to 2050. IEA
• [New] The use of cloud computing is anticipated to increase demand for IoT sensors in the United States. Persistence Market Research
• [New] The California Energy Commission expects peak electricity demand to grow by more than 20 gigawatts - by 2045. Energy News, Top Headlines, Commentaries, Features & Ev
• [New] The memory supercycle is expected to continue through at least 2028 based on current capacity allocations and projections for AI infrastructure demand. gHacks
• [New] The IEA said in November oil demand will hit 113 million bpd by mid-century. MarineLink
• [New] For the longer term, OPEC expects world oil demand to reach 124 million barrels per day by 2050, up from 122.9 million bpd expected in last year's report, and reiterated its view that there is no peak demand on the horizon. MarineLink
• [New] World demand will rise to 113.3 million bpd in 2030 from 105.1 million barrels per day in 2025. MarineLink
• [New] Passenger demand is projected to grow 20% by 2030, reaching 6.5 million users annually. www.army.mil
• [New] Data center-driven demand growth has pushed capacity auction clearing prices to more than $329 / MW-day for the 2026/2027 delivery year from about $29 / MW-day for 2024/2025. LinkedIn
• [New] Electricity demand is expected to grow 2.0% -2.5% annually through 2030, driven by data center expansion, electrification, and industrial reshoring. LinkedIn
• [New] Demand for lithium is projected to grow by more than 350% by 2040, while graphite demand could rise by more than 130%. UN Trade and Development (UNCTAD)
• [New] Four AI hyperscalers collectively plan over $710 B in 2026 CapEx, making nuclear the only carbon-free 24/7 baseload source capable of meeting surging data center demand. 24/7 Wall St.
• [New] Global mineral demand for clean energy technologies could rise four - to six-fold by 2040, and many minerals and metals for key low-carbon technologies may face supply shortages by 2030. GOV.UK
• [New] The multiplying datacenters across the US are set to demand as much as 73bn gallons of water a year by 2028, up from about 17bn gallons in 2023. The Guardian

Last updated: 21 June 2026