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Oil 2025 Executive summary
Turbulent times in oil markets Heightened geopolitical risks, unresolved trade tensions, and policy shifts have added myriad uncertainties to the oil market outlook. Since the start of the year, major economic forecasters have cut their outlooks for world GDP growth in 2025 by roughly half a percentage point to around 2.8% and see a below-trend pace of about 3% annually for the remainder of the decade, with knock-on implications for oil demand. With conflicts in the Middle East region at risk of intensifying and trade negotiations ongoing, uncertainties surrounding our forecasts are substantial. At the same time…
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Mouhamadou Makhtar Cissé
Minister of Petroleum and Energy, Senegal.
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Bruce Murphy
Former India Programme Manager.
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Roberta Quadrelli
Head of Data and Indicators on Energy Transitions.
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Ksenia Petrichenko
Energy Efficiency Policy Analyst.
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Rigathi Gachagua
H.E. Rigathi Gachagua, EGH. Deputy President
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Alexander Bressers
Senior Oil Market Analyst.
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Susannah Fitzgerald
Governance Officer, Natural Resource Governance Institute.
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Jeremy Moorhouse
Energy Analyst - Renewable Energy/Bioenergy Markets.
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Tae-Yoon Kim
Head of Critical Minerals Division.
