-
Hannah Daly
Former World Energy Outlook Analyst.
-
Saving Energy
Today's energy shortages and high prices makes it more important than ever to use energy wisely With today’s global energy crisis resulting in high prices and shortages that are hurting consumers, businesses and entire economies, it has never been more important to use energy more wisely. We can do this through simple changes in behaviour and habits to consume less energy in our daily activities. We can also save energy by investing in more energy efficient products that reduce both our energy bills and our environmental footprint. Energy saving tips 7 ways to save energy 1. Heating: turn…
-
Oil Market Report - January 2026
…from Kazakhstan and a number of Middle Eastern OPEC producers was partly offset by a sharp rebound in Russian production. World oil supply is now projected to rise by 2.5 mb/d this year to 108.7 mb/d, following an increase of 3 mb/d in 2025. Non-OPEC+ accounts for 1.8 mb/d of the gains in 2025 and 1.3 mb/d in 2026.Global refinery crude throughputs surged by 2 mb/d to 85.7 mb/d in December, ahead of 1Q26 seasonal maintenance in the United States, Europe, the Middle East and Asia…
-
Oil Market Report - October 2025
…fresh sanctions against Russia and Iran. Price volatility continued to languish at historical lows. At the time of writing, ICE Brent futures were trading at around $64/bbl – down approximately $11/bbl year-to-date. Stocking up The oil market has been in surplus since the start of the year, but stock builds have so far been concentrated in crude in China and gas liquids in the United States. By September, however, a surge in Middle East production, coinciding with seasonally lower regional crude demand, boosted exports to two and a half-year highs. This, combined with robust flows from…
-
Oil Market Report - June 2026
…Notwithstanding the interim peace deal, 2026 crude runs estimates are cut by 370 kb/d on the back of much steeper cuts in 3Q26 estimates across China, the Middle East, Eurasia and non-OECD Asia. Runs are expected to rebound by 3.1 mb/d in 2027, as crude supplies normalise to an average of 85 mb/d.The decline in global observed inventories accelerated in May, to 143 mb (-4.6 mb/d) from 74 mb (-2.5 mb/d) in April. This lifts the average pace of stock draws since the start of the Gulf conflict to 3…
-
Oil Market Report - May 2026
…product exports.Global observed oil inventories drew by 129 mb in March and by a further 117 mb in April, according to preliminary data. Continued disruptions to seaborne trade through the Strait of Hormuz saw on-land stocks drop by 170 mb (-5.7 mb/d) in April, while oil on water rebounded by 53 mb. OECD countries’ on-land stocks plummeted by 146 mb (-4.9 mb/d) while visible non-OECD stocks fell by 24 mb.North Sea Dated traded in an unparalleled wide range of almost $50/bbl in April, with the disruption to Middle East flows…
-
Oil Market Report - June 2025
…Conversely, plans by OPEC+ to accelerate the unwinding of voluntary output cuts added to the prospect of comfortable 2H25 balances. Geopolitical risk in focus Global oil markets were roiled by a rapid escalation in geopolitical tensions after Israel launched a series of air strikes on targets in Iran on 13 June and Tehran retaliated. The two countries have fought a shadow war for decades, but the current conflict is the most severe, with energy infrastructure also targeted for the first time. While there was no impact on Iranian oil flows at the time of writing, fears of a widening regional…
-
Oil Market Report - February 2026
…split between non-OPEC+ and OPEC+ producers.Global refinery crude throughputs dropped from an all-time high of 86.3 mb/d in December to 85.7 mb/d in January, as the start of maintenance and lower margins impacted activity. Crude runs are forecast to increase by an average 790 kb/d to 84.6 mb/d in 2026, led by non-OECD regions, compared with an increase of almost 1 mb/d in 2025. Margins fell further in January, as December’s resurgent runs eased product market tightness.Observed global oil inventories rose by 37 mb in December…
-
Oil 2025
…and forecast to 2030 Global oil markets have so far had a turbulent 2025. Heightened trade tensions and uncertainty have weighed on the world economy and, by extension, oil demand growth. Combined with the recent OPEC+ decision to accelerate the unwinding of oil production curbs that have been in place for several years, these factors have recently pushed international oil prices to four-year low in April and early May. At the same time, shifts in energy policies are affecting oil producers and consumers alike, with oil supply security remaining high on the international energy policy agenda.Oil 2025 looks…
-
Global Energy Review 2026
Global Energy Review 2026 This edition of the Global Energy Review provides the first full assessment of trends across the entire energy sector in 2025, with data for all fuels and technologies, all regions and major countries, and energy-related carbon dioxide (CO2) emissions.The report covers estimates of energy demand by region and by source and fuel in 2025; developments in electricity demand and supply; deployment of selected energy technologies; and estimates of energy-related CO2 emissions. The report also assesses trends in energy intensity and analyses the impact of factors, such as weather effects, on energy demand and…
- Key findings
- Global trends
- Oil
- Natural gas
-
+ 9 pages
