Occidental Petroleum (OXY) stock is down 3.2% to $46.16 due to China’s slowing economic growth, impacting global energy demand. China’s weak November retail sales and sharp decline in property investment signal reduced energy consumption, affecting OXY’s revenue and profitability. Investors can access OXY through direct share purchases, ETFs, or 401(k) plans, but should proceed with caution given market volatility.
India, despite its ambitious renewable energy goals, continues to rely heavily on coal to meet its growing electricity demand, fueled by its booming economy and rising population. While the government emphasizes the need for a clean energy transition, the reliance on coal remains strong, with millions of jobs tied to the industry and challenges in expanding renewable energy capacity.
EQT CEO Toby Rice discusses the company’s demand expectations for the year, the role of artificial intelligence (AI) in driving power demand, and the overall outlook for the energy industry.
Artificial Intelligence (AI) data centers are expected to contribute to a significant increase in natural gas demand in the second half of the decade. According to a report from Tudor Pickering Holt & Co, an additional 8.5 billion cubic feet of natural gas per day may be required to meet the growing power needs of AI data centers. This increased demand could have a positive impact on pipeline operators and gas producers.
