Monthly Energy Insights — October 2026: oil demand falls, the Antalya Compact and three new results
October 2026 in energy: the IEA sees oil demand falling 2.6 mb/d this year, the G7 speeds up diesel releases and COP31 proposes a 25% cut in building energy intensity. Plus new Denka Platinum results.
Ms. Maria Alsammarrie
In this October 2026 edition of Monthly Energy Insights: high prices are now destroying oil demand, the COP31 presidency put energy efficiency at the centre of the climate agenda, and Denka Platinum (Denka®) confirmed first results at three new sites.
What happened in global energy in October 2026?
The IEA’s October Oil Market Report forecast world oil demand to fall by about 2.6 million barrels a day in 2026, while the COP31 presidency announced the Antalya Compact on 29 October with a target to cut building energy intensity by 25% by 2035.
| Indicator | Figure |
|---|---|
| World oil demand, 2026 (IEA) | −2.6 mb/d; −2.5 mb/d year on year in Q4 |
| Gulf crude exports | Approaching pre-war levels in September |
| G7, 2 October | Accelerated release of IEA collective-action stocks, diesel first |
| Antalya Compact (29 October) | −25% building energy intensity by 2035 vs 2020; electricity 35% of final energy by 2035 |
What does it mean for energy-intensive businesses?
The IEA expects middle distillates such as diesel to stay tight well into 2027. At the same time, the climate agenda is shifting from pledges to measurable efficiency targets. Both point the same way: companies will be judged — by markets and by regulators — on how much energy they need per unit of output.
What did Denka Platinum deliver in October?
In October, Denka Platinum confirmed first-month savings of 9.2% at PSF Plastic Factory (192,837 kWh in September), 11.0% at Al Zohour and 13.8% on the September bill at HOMAIN. Read how Denka Platinum delivers measurable efficiency.
What should we watch in November?
- COP31 in Antalya (9–20 November) and the buildings ministerial on 12 November.
- Second-month results at PrintoPack and the final three-month report at Soho Hotel.
- Winter fuel prices in Europe and Asia.
Frequently asked questions
What is the Antalya Compact?
The Antalya Compact for Energy Efficient Buildings, announced by the COP31 presidency on 29 October 2026, backs a 25% cut in building energy intensity by 2035 and a 35% share of electricity in final energy by 2035.
Why is oil demand falling?
The IEA attributes the 2026 decline mainly to the price shock after the Gulf supply disruption, with diesel accounting for about a quarter of the fall.
Can Denka Platinum support building-efficiency targets?
Denka Platinum reduces electrical losses in buildings’ cooling, pumping and lighting circuits, so it can contribute measurable savings toward energy-intensity targets like those in the Antalya Compact.
Sources
Written by
Ms. Maria Alsammarrie
Key Account Manager
