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Global Energy Review 2025 Oil
Oil demand growth loses momentum Growth in global oil demand slowed markedly in 2024, with consumption rising by 0.8% (1.5 EJ or 830 kb/d) to 193 EJ after jumping by 1.9% in 2023. This reflected the end of the post-pandemic mobility rebound, slower industrial growth and the increasing impact of electric vehicles. This 0.8% increase in demand – below the pre-pandemic growth rate of over 1% in the decade to 2019 – was closely in line with the IEA’s first forecast for 2024 set out in June 2023, which noted that structural macroeconomic trends would…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 3 pages
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Nick Butler
Visiting Professor. Nick Butler is chair of the Kings Policy Institute at Kings College. He spent 29 years at BP, five of them as Group Vice President for Policy and Strategy Development, and later served as a senior advisor to former British Prime Minister Gordon Brown. Mr Butler is also an energy commentator for the Financial Times.
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Global Methane Tracker 2025 Understanding methane emissions
Methane concentration in the atmosphere continues to rise The concentration of methane in the atmosphere is now over two-and-a-half times above pre-industrial levels. Atmospheric records show that, in relative terms, methane concentrations have been rising more quickly than those of all other major greenhouse gases – and at a rate faster than in any period since recordkeeping began. This growth is mainly due to mounting emissions from human activity, but there are also indications that a warming climate is driving up emissions from natural sources such as wetlands. Methane is responsible for around 30% of the rise…
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Teresa Ribera Rodríguez
Executive Vice-President for Clean, Just and Competitive Transition. Teresa Ribera Rodríguez has served as Executive Vice-President for Clean, Just and Competitive Transition at the European Commission since December 2024. Her previous government roles include Spain's Minister of Ecological Transition and Demographic Challenge and State Secretary for Climate Change. Ms Ribera Rodríguez has also held senior roles at environment and sustainable development organisations around the world.
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Eamon Ryan
Minister for the Environment, Climate and Communications.
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Sustainable Transport for Georgia: A Roadmap Transport in Georgia: Taking stock
Status and key developments Transportation is a key contributor to Georgia’s economic growth. Economic activity associated with transport and warehousing in the country has grown rapidly, outpacing gross domestic product (GDP). Between 2010 and 2022, transport’s contribution to GDP nearly tripled, increasing from 1.4 billion GEL (520 million USD) to 4.1 billion GEL (1.52 billion USD). In 2023, transport and storage combined contributed 6.5% to Georgia’s GDP.Transport and storage employed around 8% of Georgia’s workforce in 2023. Cargo movements spurred by Russia’s 2022 full-scale invasion of Ukraine pushed up…
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Ian Hamilton
Director, EREDA Consultants Ltd..
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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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Alexander Bressers
Senior Oil Market Analyst.
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Uwe Remme
Head of Hydrogen and Alternative Fuels Unit.
