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Ayisha Siddiqa
Youth Climate Advisor to UN Secretary General (US/Pakistan).
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Zingiswa Losi
President.
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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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Michael Liebreich
Chairman and Chief Executive Officer. Michael Liebreich leads Liebreich Associates, through which he provides advisory services and speaks on clean energy and transportation, technology, climate finance and sustainable development. He founded New Energy Finance in 2004, which was bought by Bloomberg LP in 2009.
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Emma Wink
Sustainable Finance Specialist and Project Lead, BASE. Emma Wink is a Sustainable Finance Specialist and Project Lead at BASE, where she focuses on scaling the use of innovative business models such as 'Cooling-as-a-Service' to accelerate the energy transition and circular economy. Emma holds a Master of Science in Sustainable Development from the University of Basel.
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Adam Sieminski
President, King Abdullah Petroleum Studies and Research Center. Adam Sieminski became head of the King Abdullah Petroleum Studies and Research Center in Riyadh in April 2018. Prior to his appointment, he held senior roles on energy issues at a range of leading policy and research organisations and also previously served as Administrator of the US Energy Information Administration.
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Hannah Daly
Former World Energy Outlook Analyst.
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World Energy Outlook 2025 Implications of CPS and STEPS
…But production from existing oil fields declines at a rate of 8% per year, if no investment is made, so it does not take long for supply to tighten – especially with higher oil demand in the CPS. Around 20 million barrels per day (mb/d) of new supply from yet-to-be approved projects come through in the STEPS by 2035 to ensure a balance between supply and demand, and around 25 mb/d in the CPS. Emerging market and developing economies in Asia, including China, are the destination for nearly 60% of the oil and gas exported globally in 2035 in…
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Haneul Kim
Energy Investment Analyst.
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Pledges to Progress 2025 Executive summary
At COP28, more than 50 of the world’s leading oil and gas companies launched the Oil and Gas Decarbonization Charter (OGDC), laying out a series of ambitions to achieve net zero operational emissions by 2050. As global methane and flaring emissions continue to rise, these ambitions are more important than ever to reduce energy waste and mitigate the harmful consequences of climate change.To support accountability and transparency, the International Energy Agency (IEA), the United Nations Environment Programme (UNEP) International Methane Emissions Observatory (IMEO) and the Environmental Defense Fund (EDF) set out a framework of 25 metrics to assess and track…
